Administration Module and Services provides with strong user management and products definition.The charges module is a subsystem by itself and any kind of charges can be levied to a transaction and account.
It also includes Multi currency balance sheet and trial balance, Insurance and Audit functionalities. Core Modules includes General ledger module, which is user definable, has Multicurrency support and can provide consolidation at any level.This module also provides a complete view a federation/group and one can drill down up to the member’s transaction. It also includes a strong MIS module providing strong analytical report, which helps in management decision. The Loan and mortgages module service the entire loan life cycle from origination to closure including tracking of irregular accounts. It includes Savings/Checking Accounts, all types of deposit accounts including recurring deposits. Functional Modules allows micro-finance institutes to manage functional transactions.A drill down facility is available from the federation level down up to the member level. By providing the facility to change and manipulate such structures, micro-finance institutes can change their process flow and work flow management with no impact from the service provider. Several layers exist within this hierarchy namely federation, clusters, self-help groups, and members. MFI Structural Management allows micro-finance institutes to manage the structure of their organization.Micromate Functional Modules consists of. With increased operational efficiency and reduced costs, MFIs can look forward to expanding their geographical boundaries with competitive microfinance services With MicroMate field Personnel (Or Loan Officers) can manage their transactions and reporting through their mobile phones while on the move. From new account creation, loan origination and disbursement through tracking and updating of existing loans, MicroMate provides powerful tools and processes that enable faster and fact-based decisions and quantum improvements in operational efficiency. Micromate has been designed on a modular approach to give the Microfinance institution the flexibility to meet these requirements.MicroMate is a mobile-based application designed for field personnel in the Microfinance sector. The challenge Microfinance institutes face is to have a wide reach, flexible loan products and reducingcost per transaction. Today, the loan officer for micro-finance institutions makes daily visits back and forth from the main office and the field area of work. The nature of the microfinance industry leads to labor-intensive operational work. Datavision’s Microfinance solution - MicroMate supports banks and Microfinance Institutions (MFIs) to improve their reach and enable individuals and communities to access finance when they need it most. This is essential for entrepreneurs, for the strengthening of communities, for fuelling development and for fostering positive change and growth. Economic empowerment comes with access to finance.
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