Main Features

Watch the video below to see what efinanci offers

  • Savings products (e.g Regular Savings, Fixed Deposits, Junior Accounts, e.t.c)
  • Creates automatic custom savings accounts
  • Savings deposit
  • Bulk deposit
  • Mobile money deposit
  • Savings withdraw
  • Member withdraw requests and approvals
  • Printable transactional receipts
  • Transaction alerts (SMS & Emails)
  • Inter-account transfers
  • Banking account statements
  • Exportable reports to Excel, CSV, PDF
  • Joint & Group Accounts

Features of a savings module

Loan settings

  • Loan products & policies set up
  • Loan fees set up
  • Loan approval committee /users set up
  • Set up penalty rate
  • Set up loan provisioning rates
  • set up disbursment method (Cash, Savings Account, Mobile Money)
  • Collateral Types & Loan Documents Set UP

Loan application and approval

  • Loan calculator
  • Loan application - available for both admin & members area
  • Loan appraisal and approvals
  • Loan disbursement to savings account
  • Loan disbursement to cash
  • Loan disbursement to mobile money
  • Automated Loan repayment shedule generation
  • Printable disbursement sheet
  • Customize loan agreement and auto print for a disbursed loan
  • Loan collateral management
  • Loan guarantors management
  • Loan documents management system

Loan repayments and monitoring

  • Automated loan recovery from savings
  • Loan repayment forms
  • Auto flagging of loans in arrears & defaulters
  • Loan reminders (SMS & Emails)
  • Automated penalty application
  • Loan resheduling tool
  • Penalty payable adjustment tool

Loan Reports

  • Printable all loan details
  • Portfolion ageing report
  • General loan book
  • View Pending Due Loans
  • View Past Maturity Date Loans
  • View 1 Month Overdue Loans
  • View 3 Months Overdue Loans
  • Customize loan report by due days, credit officer, loan product, e.t.c

Loan Agreements

  • Upload Loan Agreement Template
  • Download Customized Loan Agreement for each loan
  • Share products creation
  • Share Accounts
  • Buy Shares
  • Refund shares
  • Transfer Shares
  • Automated share number calculation
  • Charts of accounts
  • General Journal Entry
  • Fiscal year
  • Dividends declaration
  • Sales management
  • Asset creation
  • Depreciation method declaration
  • Appreciation method declaration
  • Asset Income monitoring
  • Asset expenses monitoring
  • Depreciation reports
  • Appreciation reports

Performance reports

  • Periodic revenue repots (monthly, quarterly, annually)
  • Financial returns
  • Cash register
  • Activity logs

Accounting reports

  • Trial Balance
  • Income Statement
  • Balance Sheet
  • Performance comparision reports
  • Graphical Indicators

Loan reports

  • General Loan Book
  • Portfolio ageing repots
  • Pending Due Loans
  • Periodic Pending Due Loans
  • Customizable loan reports

Would you like to get started, its easy, just 3 simple steps

1. Register 2. Get set up 3. Get trained. Sit back! system will do the hard job for you while you focus on growing the business with the best insights and reporting.