Micro-Tracker is a customized software platform that manages loans, savings, shares, membership, subscriptions, payrolls, employees, assets, loan securities, income, and expenses of microfinance institutions and SACCOs in one application. The application is tested and is already in use by a number of clients.
Our goal is to create a comprehensive application that enables effective management of clients, employees, and financial transactions within Microfinance institutions or SACCOs.
1.0 Why choose this software system
Using a digital microfinance application offers several advantages over traditional paper-based methods. Simulateneous and remote accessibility (online and offline), convenience, reduced operational costs, accuracy and speed, reduced risk of fraud, mobile accessibility, data analytics and comprehensive real-time reporting.
2.0 Savings Management Module
Create ordinary and fixed accounts, track deposits, withdrawals, and transfers. Automate computation of saving interest, ledger fees, transaction fees, to save time and minimize errors. Retrieve individual ledgers / statements and various saving reports.
3.0 Loan Management Module
Handle the ever-increasing volume of loan applications, complex approval processes, disbursements, repayments, topups, reschedules, provisioning, adjustments, risk assessment, interest calculation, early settlements, and write-offs. Loan portfolio reports, recovery rate, interest earned, loans receivable, arrears rate, portfolio at risk, disbursements, repayments, reports are auto calculated and accessible by a click.
4.0 Shares Management Module
This is mostly applicable for SACCOs or institutions that sell shares to members. Allocate shares, receive payments, transfer shares, and share value auto generated basing on number of shares sold and unit cost per share.
5.0 Membership and Subscription Management
Maintain a centralized database of all members and their subscription details. Track membership status, subscription levels, and renewal dates efficiently. Send out reminders through bulk SMS or email.
6.0 Accountant Center
Generate bills, invoices, payments, receipts, journal adjustments, provisioning for bad and doubtful debts, set up company chart of accounts, bank and cash reconciliation, banking. Real-time generation of financial statements such as Trial Balance Sheet, Profit and Loss statements, statement of financial position, cash book, and other ledgers used in the wider institution’s finances.
7.0 Asset Register
Capture details about the company fixed assets, and automated depreciation mechanism at the end of financial periods. Assets book value and depreciation are automatically reflected on the company financial statements.
8.0 Investment Tracker
This module effortlessly tracks your company investments in stocks, bonds, and other businesses, providing you with a comprehensive view of your entire investment portfolio. Note that this module does not capture investment related expenses but only keeps track of the investment portfolio, that is, disbursements, de-investments, interest/profit/income earned and losses incurred.
9.0 Human Resource Center
Capture employee bio-data, generate salary grading scales, payroll taxes, and automatic payroll generation, ensuring accurate and timely compensation for your workforce.
10.0 Customized Reports
Several real-time reports that enable you get valuable insights into your institution’s financial health and performance.
11.0 Control Panel
Registration of system users, define access levels to protect sensitive data, set up loan products and terms, types of saving accounts and terms, database backup, setup branches, and other system wide settings.
12.0 Pricing
To carter for small, medium sized, and large financial institutions, the pricing mechanism was left open to adjustment to fit the different case scenarios. For all packages, payments can be monthly, quarterly, or annual. Whether you choose to work online or offline, the micro tracker enables you to achieve your financial targets.
