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Modular Technologies India Private Limited


Micro finance Collection And MIS Solutions Financial Services

Micro finance Collection And MIS Solutions Financial Services

Product Features
Special features: Complete collection solution for microfinace
Brand name: UMFS
Place of origin: Chennai

Description:
Micro finance Collection And MIS Solutions Financial Services
Modular Technologies provides the most secure and fast method of collecting the funds from SHGs, Grameen Groups, Borrowers from Micro Finance.
The features include :

* Real time Access
a) Real Time collection update - When the money is collected it is notified through telecommunication to the monitoring base
b) Deposit reconciliation - The deposits can be reconciled faster
c) Monitoring of borrower's / animator's / field officer's / group heads repayment activities


* High level IT infrastructure
a) hand held terminal receipt issued to the borrower immediately on receiving payment through smart card
b) computerised updation of all the relevant transactions on customer's smart card as well as client's book of accounts
c) Credit rating analysis of the customers
d) up to date information generation for the purpose of refininancing from reputed banks
e) MIS Report generation


* Cost saving
a) reduces time spent on reconciliation of all the ledgers, receipts, human errors, etc
b) reduction in paper & stationery consumption
c) reduction in deployment of expensive collection system
d) reduces time in rating the existing customers for sanctioning of further loans
e) reduction in loss of interest due to delay in receiving funds from the collection agents
f) safer method - reducing the chances of misappropriation

We provide MIS software solution, smart card collection solution including the terminals,

Overall advantage of the Microfinance solution from Modular.
* Attends to key constraints of Microfinance such as Volume, Human error and Security related issues
* Removes drudgery of repetitive tasks
* Creates standardized processes across an Institution
* Offers flexible products as per the needs
* Consolidates the transactions on a regular basis
* Provides a platform to build knowledge mining tools ( Business Intelligence)
* Provides transparency of transactions
* Early detection of frauds
* Enhances efficiency
* Reduces transactions cost
* Provides extra time to staff for follow up