Copyright Milan Tally Services. Microfinance management solution on Tally.ERP9

Transcription

1 Microfinance management solution on Tally.ERP9

2 mpower helps manage Membership Micro Loans Share & Dividend (separate add-on) Savings (Separate add-on) Fixed Deposits (separate add-on) Recurring Deposits (separate add-on) Pension (separate add-on) Insurance (separate add-on) Accounts & Payroll

3 Benefits of mpower Quick and comprehensive assessment of borrowers that reduce risks enable faster recruitment of members. Management of member meetings and interactions help improve service delivery. Automated entries reduce staff time in data entry and also improve accuracy. Helps faster service delivery, gaining customer loyalty MIS reports that warn of doubtful debts and defaults that help improve debt collection. Reduced cycle time for loan recovery, thereby reducing recovery costs. Ability to sell extended products range and Loan repayments.

4 mpower Services - Products & Activities Provide loans to members to help them meet business or personal obligations Monitor and encourage savings by members to help them repay loans. Loan Loan RC Savings Monitor and encourage members contribute into Share. Dividend is distributed among shareholders Insurance Share Fixed/ Recurring Deposits Monitor and help members make contribution into Recurring deposits, Fixed Deposits to make assets and investment.

5 Features of mpower Detailed record of members ranging from financial collaterals to their household data Record of member meetings and objectives. Membership goals set-up, recording and monitoring. Loan disbursement and repayment schedules, as well as loan rescheduling. Automated EMI calculator to determine interest and instalments Loan recovery and settlement. Loan default management MIS information and reports like Member meetings report, Loan summary, Loan outstanding dues, Loan defaulters as well as performance reports. Comprehensive accounting of Tally.ERP9 Additional service products like Pensions and Insurance are available as add-ons in the solution.

6 Microfinance Activities and Products Membership Management Main Product Loans Other Products (available as add-ons) Share & Dividend Savings Fixed Deposits Recurring Deposits Pensions Insurance Accounts & Payroll

7 Membership Management Flow Regular meetings with members to assess progress of objectives MFI contacts villagers Information recorded Personal, Nominee / Guarantor and association level Gives prospectus to villagers Villagers become members of MFI On complying with terms of prospectus

8 How it Works on Tally.ERP9 The diagram below shows the typical setup of mpower and Tally.ERP9 for multi location environment. The system will first be implemented at the HO. In subsequent phases the system will be implemented at the other locations/branches. The data will be transferred from any location to the HO through means of LAN or Internet as decided and based on the actual system implementation.

9 Registration Form

10 Ledger Card

11 Microfinance Activities and Products Membership Management Main Product Loans Other Products (available as add-ons) Share & Dividend Savings Fixed Deposits Recurring Deposits Pensions Insurance Accounts & Payroll

12 Loan Management Flow Member approaches MFI for loan or vice versa Training programs are conducted for members to generate incomes MFI verifies the purpose of loan If the conditions of loan disbursement are met, the loan is granted MFI computes members household income and collaterals

13 Loan Disbursements Loan Management Loan Recovery Loan types: Vehicle Loan Educational Loan Medical Loan Festival Loan Marriage Loan Income Generation Loan Funeral Loan Installment calculation Interest calculation Receipt of installments Loan balances due Loan Preclosure Skipped Installments Loan and interest recalculation Debt recovery from Collaterals Loan Adjustments

14 Loan Application

15 Loan Approval

16 Loan Disbursement

17 Loan Pre-closure

18 Arrears Report

19 Collection Due Report

20 Guarantors Report

21 Approval Summary

22 Disbursement Summary

23 Microfinance Activities and Products Membership Management Main Product Loans Other Products (available as add-on) Share & Dividend Savings Fixed Deposits Recurring Deposits Accounts & Payroll

24 Accounts & payroll Accounts Balance Sheet Income & Expenditure Statement Cash Flow Statement Group Summaries Outstandings Branch Accounting Statement of Accounts Payroll Staff Records Salary Payment Statutory Deductions Pay slips

25 Next Steps The above slides would have given you a fair idea of how mpower addresses Borrower/Member management and the lending activities. Other add-on service products, like Savings Tracker, Fixed Deposits, Recurring Deposits, Pensions and Insurance are available if you need them. Please contact us for a demo and to discuss your specific needs.

26 Thank You! P-222, CIT Road, Scheme VIM, Kolkata INDIA Phone: Web: milantallyservices.com mpower is part of the Finance Industry Solutions on Tally.ERP from Milan. Milan s Tally Team has immense international experience of building and supporting solutions in and around Tally in different industries.