{"id":2815,"date":"2018-06-28T09:26:37","date_gmt":"2018-06-28T09:26:37","guid":{"rendered":"https:\/\/www.jisort.com\/?p=2815"},"modified":"2018-06-28T09:26:37","modified_gmt":"2018-06-28T09:26:37","slug":"microfinance-erp","status":"publish","type":"post","link":"https:\/\/jisort.com\/blog\/microfinance-erp\/","title":{"rendered":"Microfinance ERP"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>Microfinance ERP<\/strong><\/p>\n<p>Jisort Microfinance ERP is a comprehensive microfinance software providing a set of tools designed to manage operation within a microfinance institution. The tools include functional tools and non-functional tools.<\/p>\n<p>Functional tools are set of application used in managing microfinance\u2019s transactions in the day to day running.<\/p>\n<p>Non-functional tools refer to add-on software application that support the microfinance business such HR\/Payroll \u2013 the application has little to do with direct management of microfinance transactions.<\/p>\n<p><u>Microfinance ERP Modules<\/u><\/p>\n<p><strong>Registration (KYC)<\/strong><\/p>\n<p>Registration module on microfinance ERP allow capture of a customer\u2019s bio data, locational data, social data and economic data.<\/p>\n<p>Jisort KYC system employs data validation to the data being uploaded such as.<\/p>\n<p>Jisort AI checks documents uploaded to ensure they are valid documents.<\/p>\n<p>Jisort also validates phone numbers and email addresses.<\/p>\n<p>In addition Jisort AI performs background check on data captured on the system to ensure persons registered are as registered by national records or immigration department.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Member Personal Account (MPA)<\/strong><\/p>\n<p>All transaction that affect a member of a customer of a microfinance are captured through the MPA.<\/p>\n<p>Payments to a member\u2019s shares account are captured through MPA<\/p>\n<p>Payments to a member\u2019s savings account are captured through MPA<\/p>\n<p>All loan repayments are also received through the MPA module<\/p>\n<p>MPA module also supports client account statements for all the products including loans, savings and shares.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Payments<\/strong><\/p>\n<p>Payments module allow the microfinance to receipt for incomes and expenses to and from the microfinance.<\/p>\n<p>Expense module allow generation of payment vouchers.<\/p>\n<p>Income module allow generation of a receipt after completion of the transactions.<\/p>\n<p><strong>Loans<\/strong><\/p>\n<p>One of the most important module in a microfinance software.<\/p>\n<p>Allow creation of dynamic loan products \u2013 reducing balance or straight-line interest format.<\/p>\n<p>Interest or charges can be<\/p>\n<ul>\n<li>A figure<\/li>\n<li>A Percentage<\/li>\n<li>A Range<\/li>\n<li>A Dynamic formula<\/li>\n<\/ul>\n<p>Charges and penalties\/fines can be placed during disbursement or on installment payments.<\/p>\n<p>Jisort loan module can support more than a million loans on multiple loan products<\/p>\n<p>Jisort loan module supports mobile lending as well.<\/p>\n<p>Loan module allow maker checker principle in approval and disbursement of the loan.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Finance<\/strong><\/p>\n<p>Jisort finance module provide insightful reports and statements to the management of a microfinance.<\/p>\n<p>Some of supported functionalities on Finance module include:<\/p>\n<ul>\n<li>Automated bank reconciliations<\/li>\n<li>Budgeting and Control<\/li>\n<\/ul>\n<p>Some of the popular reports include:<\/p>\n<ul>\n<li>Trial balance<\/li>\n<li>Profit and Loss Statement<\/li>\n<li>Cashbook<\/li>\n<li>Balance sheet<\/li>\n<li>Change in Equity<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Reports<\/strong><\/p>\n<p>Jisort Microfinance ERP supports more than 200 reports and charts presenting information from registration module, saving and shares module, loan module, Finance Module, Asset Module, CRM Module, HR\/Payroll Module and SMS Module.<\/p>\n<p>Jisort Microfinance ERP also supports a easy to use report generator for admin users of the system to create custom reports with ease.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>CRM<\/strong><\/p>\n<p>Allow registration of leads on the Microfinance ERP<\/p>\n<p>Allow creation of campaigns \u2013 sms and email to leads<\/p>\n<p>Allow automated follow up and qualification of leads<\/p>\n<p>Allow conversion of leads to sales.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>HR\/Payroll<\/strong><\/p>\n<p>Add-on module on Jisort Microfinance ERP used by microfinance institutions to manage Human resource matters including:<\/p>\n<ul>\n<li>Profiling Employees<\/li>\n<li>Recruitment of new employees<\/li>\n<li>Training and equipping of employees<\/li>\n<li>KPI system and remuneration<\/li>\n<li>Allowance and earning computation<\/li>\n<li>Attendance and time management<\/li>\n<li>Payroll processing<\/li>\n<li>Payslip generation<\/li>\n<li>Statutory deduction compliance<\/li>\n<li>HR and Payroll Reports<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Microfinance ERP Jisort Microfinance ERP is a comprehensive microfinance software providing a set of tools designed to manage operation within a microfinance institution. The tools include functional tools and non-functional tools. Functional tools are set of application used in managing microfinance\u2019s transactions in the day to day running. Non-functional tools refer to add-on software [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":2721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[50],"tags":[136,51,49,98,137,59,65],"class_list":["post-2815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-platform","tag-loan-management-system","tag-loan-software","tag-loan-system","tag-microfinance-erp","tag-microfinance-information-system","tag-microfinance-software","tag-microfinance-system"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts\/2815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/comments?post=2815"}],"version-history":[{"count":0,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/posts\/2815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/media?parent=2815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/categories?post=2815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jisort.com\/blog\/wp-json\/wp\/v2\/tags?post=2815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}