MFI SOFT Features
MFI SOFT is developed using Microsoft VB.Net technology. It comes with a SQL Server database as part of the package. It is a Multi-User MIS application for Micro-finance. It combines basic Client data with Shares, Savings and Loan transactions and every entry is automatically updated in the General Ledger. The software also comes with an Assets' and Debtors/Creditors' module. In addition you can enter other accounting transactions and produce your financial statements at the end of the day.
MFI SOFT handles individual clients as well as groups. Deposits and loans can be tracked at group level or at group-member level. This makes the program suitable for Solidarity lending, Village-Banking and Grameen-type lending.
Transactions are directly processed as they are keyed in, but the user can also do batch-processing by importing transactions from external files. You can use MFI SOFT as a back-office application in a Centralized environment with many branches or on the counter in a De-Centralized environment where MFI SOFT runs in a branch office. In the latter case, consolidation of branch data at Head Office can take place by importing branch data into a corporate database.
MFI SOFT supports cash transactions, transactions by cheque, transfers from/to the client's savings account(s) and transfers from/to bank. The user can define several cash accounts and each cashier can be linked to his/her own cash account. It has a Cash module where transactions can be entered that are not shares, savings or loan transactions. At the end of the day each cashier can print his/her own cash transactions report and reconcile this with the physical cash.
MFI SOFT comes with a standard chart of accounts, but this can be deleted or replaced by another chart. Accounts can be added, modified or deleted. Accounting data can be exported to other, third party accounting software. An Audit Trail is available so you can see who logged into the system and who posted which transactions.
MFI SOFT can be linked to an external Planning Tool in the form of an Excel spreadsheet. This spreadsheet/planning model can be modified so that it generates monthly targets for a number of indicators. MFI SOFT can read those indicators and produce a monthly monitoring report, where these targets are compared to actual achievements.
System Requirements:
- 2GB of System memory
- Operating Systems: Windows 2000/ME/NT/XP/Vista/Windows 7
- At least 5 GB of Disk space
- Pentium IV processor with min. 2 KHz
