MICROFINS is a complete banking automation solution for Co-operative Credit Society, Credit Union, Employee Credit Society, Primary Agricultural Credit Society, Community Banks, Micro Finance Banks and Finance Companies.
'MICROFINS' is comprehensive software which fulfills complete requirements for various types of financial institutions. Its a configurable package which has interface for configuring the system parameters (head mapping, Deposit scheme configurations etc.) which ensures that no programming changes are required as the business rules at your organizatin changes. It has exhaustive reporting system having more than 100 reports and statements generated from MICROFINS software. Also it has DOS based reports printing which economical and faster mode of printing.
Various Functional Features & Tools provided in MICROFINS are as below:
Fixed Deposit Account
Savings
Current
Fixed / Term Deposits
Recurring / Monthly Deposits
Loans and Advances
Term Loan
Equated Installment Loan
Loan against Mortgage
Cash Credit & Overdraft
Investments by Finance Institution
Call Deposits with other banks
Fixed Deposits with Other Banks
Investment in Securities, Shares
Other Investments
Borrowings from Donors
Govt. Agencies
Other Financial Institutions
Others (The donors are configurable)
Ledgers & Books
General Ledgers
Account Ledger
Individual Ledger
Income & Expenditure Ledger
Interest Payable / receivable
Suspense Accounts Ledger
Utilities / Tools
Interest Calculation on Loan & Advances / Deposits / Investments / Borrowings from Donor
Ready reckoner for Maturity Values of Deposits
Ready reckoner for Loans Equated Installment Calculation
