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Web-AbacusTM, a comprehensive Online Loan Portfolio Management System, was designed to complement the work of CHF International’s Office of Development Finance. For the past twenty years, the Development Finance unit has been managing Microfinance Institutions (MFI) worldwide, and each is designed flexibly to meet the needs of the people that we serve. As such, Web-AbacusTM is flexible enough to be configured to the needs of each MFI, and can grow with the institution.
Web-Abacus™ is a complete loan portfolio management system that supports flexible product definition, multiple funding sources, any number of branches and multiple users with different levels of access and security. The software manages clients and loans by mirroring the specific processes used in each institution, providing a customized system that meets the institution’s needs.
> Configures to any microfinance institution with minimal customization. > Adapts to the MFI as it grows and changes its loan products and processes. > Provides simplified navigation and reduced transaction time through an intuitive interface. > Offers complete tracking of transactions through an audit trail. > One can access the system from anywhere, using the web. > User-defined loan products, with varying interest rates, fee structures, terms, collaterals, and loan loss provisioning. > Automated calculation of fees and commissions, including late fees. > Flags actions needed for loan tracking and following up. > Automatic write-offs and rescheduling, according to established policies. > Verifies clients and guarantors against internal blacklists and credit bureaus. > Can process loans in any currency. > Designed to have Interface and reporting in multiple languages (e.g. English, Spanish, Arabic, French, and more). > Permits several levels of approval authority. > Dynamic reporting capabilities to provide information to staff, management, funders and regulators, based on institutions’ needs. > Generates loan contracts and letters. Export reports into multiple formats (Excel, MS Word, PDF), and export data into Excel for further data analysis and reporting needs.
Selected Features:
> Manages loans according to an institution’s circumstances. > Flexible enough to change and grow with the institution. > Strong audit trail reduces fraud and mistakes. > Increased security and data integrity. > Ensures policies and procedures are correctly applied throughout the institution. > Generates effective and timely reports to various end users. > Identifies issues and concerns requiring management attention. > Expanded accessibility. > Intuitive interface and online help. > Technical support available via phone, fax, email, Listserv, discussion forums, and live web conference sessions.
Benefits:
For a complete list of features, please download the complete Web-Abacus™ brochure, or visit the Web-Abacus™ directly at www.web-abacus.com.