Version 1.26 Release Notes

Transcription

1 Version 1.26 Release Notes Musoni Release Notes

2 Release Notes Overview The Release Notes are a comprehensive overview of the new features and functionality added as part of Musoni s latest release. These notes are designed to give you all the information you need to immediately understand and start benefitting from the new features. For each new feature, we give a high level description of the functionality, and provide a step-by-step walkthrough, along with screenshots of how to start using the system. If you would like to learn more about any new feature, please contact the Musoni support team on it-support@musoni.eu who will be happy to answer any questions you have. Musoni Release Notes

3 Table of Contents 1. Bank Reconciliation Module 4 2. End of Year Functionality 6 3. Redesign of the Access Permissions Module 7 4. Additional functionality in the SMS Module 8 5. Paynet integration (Zimbabwe) 9 6. Integration with Yo!Payments (Uganda) Group Posting Module extended to pull out all groups linked to any loan officer Credit Checks added for Group Loans Origin of Funding added to Loan Creation Workflow Addition of Overpaid Loans Tab New Reports Smaller Improvements and Bug Fixes 16 Musoni Release Notes

4 1. Bank Reconciliation Module The new bank reconciliation module enables you to easily reconcile your external bank accounts with the balances in the GL accounts in the Musoni System. You can designate any GL account as a reconcilable account, after which it will appear in the Reconciliation module. To designate an account as a reconcilable account, simple go to Accounting>Chart of Accounts, and click Edit on the account you wish to designate. Now select the checkbox that says Enable Bank Reconciliation, as shown in red below. The account will now be available in the reconciliation module. To go to the reconciliation module, either navigate to Accounting>Reconciliation, or if already in the Accounting Module, click on the Reconciliation tab, as shown below: Musoni Release Notes

5 From here, you can pull out all journals within a date period for any of the GL accounts marked as eligible for reconciliation. You can specify whether you wish to show only unreconciled journals, or only reconciled, or both. Once you have pulled out your journals, you can then mark any journal as reconciled. A new column has been added to the Chart of Accounts table, enabling you to see the reconciled and unreconciled balance for each account (as shown in the screenshot below). Musoni Release Notes

6 Accounts not designated for Reconciliation will have their entire balance always shown as reconciled. 2. End of Year Functionality You are now able to run your End of Year automatically in the Musoni System, closing the previous financial period and booking the balances of all your nominal accounts into your Retained Earnings equity account (or any account of your choice). To run an EOY, navigate to Accounting>ClosePeriods and click on the button Close Financial Period. You can select which branch you wish to close a period for, whether you want to include all sub branches (if you wish to close all branches then select Head Office and check sub branches). You can also select the closing date, and whether you wish the system to book off the balances in your nominal accounts. If you wish to book off the balances in your nominal accounts, then you need to select the GL you wish the booking to be made to, and add a reference, as shown below. Musoni Release Notes

7 You are able to preview the booking that the system will make by clicking on the Preview button. If you are happy with the proposed booking, then you can click Close Period. At this point the system will book the balances in all your nominal accounts to the account you selected and the financial period will be closed. You can undo the end of year by clicking the Delete Accounting Closure icon displayed in the Close Periods tab. 3. Redesign of the Access Permissions Module We have fundamentally redesigned the access permissions module to replicate the ordering of the modules in the system itself and make it easier to quickly assign the correct user rights to any role. For example, when assigning permissions within the accounting module, the list of permissions is now ordered the same order as in the main Accounting menu, dividing the permissions between Chart of Accounts, Journals, Close Periods, Periodic Accrual and Reconciliation. The sections are now divided by clear headers, shown in red below. Musoni Release Notes

8 We have also relabeled many of the permissions making it easier to understand which specific action they refer to. 4. Additional functionality in the SMS Module We ve added a number of new features to the SMS module, including adding the ability to send SMS messages to group leaders, adding tags for both the names of Guarantors and the number of guarantors linked to a loan, and adding a counter to show you how many messages you have left. 4.1 SMS Counter The SMS counter is displayed on the main page in the SMS module and shows how many messages you have left to send at any time, as shown below. 4.2 Send Messages to Group Leaders We have added a new Business Rule called Active Group Leaders. You can use this to send messages to any client registered as a Group Chairperson. 4.3 Tags for Guarantors Musoni Release Notes

9 We have added two new tags to the SMS module, called Guarantor Last Name and Number of Guarantors. You can use these to include the name and number of guarantors linked to any loan in the contents of your messages. 5. Paynet integration (Zimbabwe) The Musoni System now generates the outgoing file formats required to disburse loans through Paynet in Zimbabwe. The system will generate separate files for CABS, CBZ and Steward Bank, depending on which bank the recipient client holds an account with. New banks can easily be configured as required. To configure the Paynet integration, navigate, Configuration>MMT and click on the Paynet tab. Then click on the Configuration tab. Here you can configure the Payment Channel linked to each specific bank account, as well as which Client Identifier the system will use (normally the clients bank account number). This is shown below. Musoni Release Notes

10 Configuration needs to be done for each bank you wish to disburse funds to. Once you have configured the Paynet settings for each bank account, you can generate the outgoing file showing all loans disbursed to each bank account, which can then be uploaded onto Paynet. To do this, click on the Outgoing File and then generate the file for the bank account of your choice, as shown below. The system will show the file being generated, after which you can download it by clicking on the Finished button and then clicking on Download file. 6. Integration with Yo!Payments (Uganda) The Musoni System is now integrated with Yo!Payments in Uganda, enabling any MFI who has a contract with Yo!Payments to send and receive payments over all of the MMT services in Uganda (including Airtel and MTN Mobile Money). Before sending or receiving payments over Yo!Payments, you first need to configure the Yo!Payments payment channels and linked GL Accounts. You can do this by navigating to Configuration>MMT Services> Yo!Payments and then clicking on the configuration tab, as shown below. Musoni Release Notes

11 Once configured, you can either import all incoming transactions within any time period or you can send all outgoing transactions to Yo!Payments (loan disbursements and savings withdrawals made through the payment channel linked in the configuration). Incoming Payments To import incomings, click on the Incoming MMT tab, and then click on the button Process Incoming Payments. Then select the date period you wish to process payments for, and click process. Musoni Release Notes

12 The system will then pull all payments made within your date period and allocate them to the correct client accounts based on the Yo!Payments number (or whichever client identifier you configured) and the reference made by the client (used to assign to the correct product). Once the payments have been processed, they will be shown as Finished on the Incoming MMT tab. Any payments that the system was not able to allocate, for example if a client used a phone number not configured in the system, can be found under the Suspense tab. Outgoing Payments To process the outgoing payments, navigate to the Outgoing MMT tab in the Yo!Payments module, and click the button Preview Outgoing Payments, as shown below: Musoni Release Notes

13 You will then be shown a list of all outgoing transactions to review. This list can also be downloaded into excel or PDF if you wish to keep a record. If you are happy with the list of outgoing transactions, you can click Process. Once the transactions are processed, they will be automatically pushed to Yo!Payments and sent to the recipients MMT account in real time. 7. Group Posting Module extended to pull out all groups linked to any loan officer We have extended the Group Posting module so that you re also able to pull out all groups linked to any particular loan officer. When in the group posting module, you can either select Fetch posting by Group, after which you are required to enter the group name you wish to enter payments for, or you can select Fetch posting by Loan Officer and then select the loan officer you wish to enter payments for. Musoni Release Notes

14 When you fetch by loan officer, you are shown all groups linked to that loan officer, and can select the groups and their clients whom you wish to enter payments for. Once you have entered the payments, the group posting module works in exactly the same way as before. 8. Credit Checks added for Group Loans Musoni Release Notes

15 The credit checks have now been updated so that they can also be used with loans given to groups (rather than individuals within groups). The following credit checks have been updated: Client Arrears (when linked to a group loan this looks at whether the group is currently in arrears) Minimum savings balance Outstanding loan balance Rejected and withdrawn loans Same product outstanding Total collateral items value Written off loans These credit checks can be added to your Group Loan products in exactly the same way as before. 9. Origin of Funding added to Loan Creation Workflow You are now able to specify the origin of funding for any loan is being disbursed on a loan-by-loan basis (rather than at a Product level). This gives you far more flexibility in allocating loans between funds depending on the origin of funding (for example if the loan is going to be uploaded onto Kiva). When creating any loan, you can now select the Origin of Funding from the dropdown menu. The menu will be pre-selected with whichever Origin of Funding you have linked to the product itself. 10. Addition of Overpaid Loans Tab Musoni Release Notes

16 We have added a tab in the loan module that shows all loans with the status overpaid. You can navigate to this tab by clicking on Products>Loans and then clicking on the Overpaid Loans tab. 11. New Reports As part of this release we have added three new reports to the system, the Branch Clients Report, the PPI Responses Report and the Journals Report Branch Clients Report The Branch Clients Report is similar to the Group report, but rather than showing information on all clients in just one group, it shows information on all clients in any particular branch. You can find the Branch Clients Report under Client Reports PPI Responses Report The PPI Responses Report shows the responses of every single PPI survey carried out in the system between a user-defined start and end date. The PPI Responses Report can be found under Organisational Reports Journals Report The Journals Report shows all journals made on any GL account within a userdefined start and end date. The report shows you the counterparty GL account, the client and account ID of any accounts related to the journal and can be filtered to only search for Manual Entries if needed. The report can be found under Financial Reports. 12. Smaller Improvements and Bug Fixes MS Relabeling of the dropdown "Customer Identifier" to "Client Identification" Musoni Release Notes

17 MS Ability to show system reversed transactions on savings accounts MS Translation of the tags in the SMS module MS Removal of "Remember Me" from login page MS Change of the M-PESA label to read MMT in product creation MS Resolved the handling error for a group loan that has a credit check attached to it MS Resolved the error that meant that some jobs did not restart if they were running while tomcat was shut down MS Viewing reports is now restricted according to branch permissions MS Addition of PAR1 & PAR30 to the dashboard PAR Graphic MS Interest Amount and Product shortcode added to the DLR & OLR Reports MS Creation of a date filter on the incoming payments and suspense pages in the MMT module MS Addition of the parameter "Product" to the Disbursed Loans Report MS Addition of the Account ID onto Arrears Reports MS Ability to view Group Documents MS Addition of a client status column to Clients Overview Report MS Disabling of the ability to waive charges in financial close period MS Removal of unnecessary information in the M-PESA Transaction Party Details column MS Correction of the redirect when editing an Ecocash payment MS Addition of the phone number to group report MS Improved error handling when guarantor funding has insufficient account balance MS Reconfiguring of the Ecocash module to accept the new Ecocash file type MS System now only shows those funds left to guarantee in the guarantor module MS Addition of an MMT error message to the warnings pop-up MS Resolved the error when creating a client document MS Relabeled Mpesa to M-PESA in M-PESA module Musoni Release Notes