Micro-Finance banks or organizations are also feeling the need for Micro-Finance Software
MicroFinanceSoftware needed for the MicroFinance Banks or Organizations because they are also having the ability to serve the loans, MicroFinance, Micro saving products to the small organizations, individual customer or to the group of customers. Especially MicroFinance Software Solution companies like Infosys, Wipro, TCS, Trust Systems & Software, etc. have made this software keeping in mind through POS, Smartphone banking to offer on-field banking services through its network of agents to the MicroFinance Organizations.
Because all of we know that the MicroFinance or Microcredit organizations serving the MicroFinance, Micro-Saving products to their individual customers, group of customers, etc. and it also does the repayments for the group loans and disbursement, caution money deposits, generating receipts, etc. MicroFinance Banking goes through all these processes which are more demanding, but the main trouble is associated with MFI's and receipts for them which doesn't have any control on the amount, which is collected by the agents and the documents or certificates which are necessary to give the customers. It shows there were many issues associated with the MicroFinance or Microcredit Organizations Which is looking for the proper solutions. That's why most of the software companies which are working in core banking sector have been noticed the problems corresponding to the MicroFinance or Microcredit organizations and they have provided them a MicroFinance Software which is the complete core banking software solution. And for the on field service some software companies have offered them on field banking service along with its network of agents, POS service for field and credit officers, to reach to the masses SmartPhone banking software also provided to them.
Especially TrustBankCBS which is the product of Trust Systems & Software have provided to these MicroFinance organizations a Smartphone Interface for MFI. This SmartPhone interface automates loan disbursement, collection, customer enrollment, etc. which is designed for providing the real time data merging with the core banking solution (CBS) database. This overall software gives the dominance over the money disbursement or collection by the field officers, issuance of the documents, certificates, and receipts on the field. And that's why MicroFinance organizations feeling the need for MicroFinance Software because software companies are full-filling their wish list and the demand including the software product for them as well as their customers too. These software companies not only provides the Micro-Finance software for Micro-Finance or Micro-Credit organizations but also for the retail banking, community banking, commercial banking, co-operative and for corporate banking also.
Because all of we know that the MicroFinance or Microcredit organizations serving the MicroFinance, Micro-Saving products to their individual customers, group of customers, etc. and it also does the repayments for the group loans and disbursement, caution money deposits, generating receipts, etc. MicroFinance Banking goes through all these processes which are more demanding, but the main trouble is associated with MFI's and receipts for them which doesn't have any control on the amount, which is collected by the agents and the documents or certificates which are necessary to give the customers. It shows there were many issues associated with the MicroFinance or Microcredit Organizations Which is looking for the proper solutions. That's why most of the software companies which are working in core banking sector have been noticed the problems corresponding to the MicroFinance or Microcredit organizations and they have provided them a MicroFinance Software which is the complete core banking software solution. And for the on field service some software companies have offered them on field banking service along with its network of agents, POS service for field and credit officers, to reach to the masses SmartPhone banking software also provided to them.
Especially TrustBankCBS which is the product of Trust Systems & Software have provided to these MicroFinance organizations a Smartphone Interface for MFI. This SmartPhone interface automates loan disbursement, collection, customer enrollment, etc. which is designed for providing the real time data merging with the core banking solution (CBS) database. This overall software gives the dominance over the money disbursement or collection by the field officers, issuance of the documents, certificates, and receipts on the field. And that's why MicroFinance organizations feeling the need for MicroFinance Software because software companies are full-filling their wish list and the demand including the software product for them as well as their customers too. These software companies not only provides the Micro-Finance software for Micro-Finance or Micro-Credit organizations but also for the retail banking, community banking, commercial banking, co-operative and for corporate banking also.
Source...