Based on Microsoft SQL and .NET, Abacus OneWorld integrates all data processing, financial management and client services into one efficient microfinance management information system. Abacus OneWorld is the most advanced system available and will handle: savings, loans, management information, administration, marketng and client relations. Design your own savings and loan products, email any report to clients or to management, output to mobile phone, full financial reports.
Based on Microsoft SQL and .NET, Abacus OneWorld integrates all data processing, financial management and client services into one efficient microfinance management information system. Abacus OneWorld is the most advanced system available and will handle: savings, loans, management information, administration, marketng and client relations. Design your own savings and loan products, email any report to clients or to management, output to mobile phone, full financial reports.
Fern has already developed several other microfinance products since incorporation in 1979 - Cubis 1,2,3, 2001, 2003, 2005 and Cubis 8. Cubis is reviewed separately by CGAP.
Product Description
Most important aspects of Abacus OneWorld are
1. Integration of all functions no need to suffer incompatability of products from different vendors.
2. Scope of functions is very wide – banking, administration, document management, loans portfolio quality, financial management, Internet module
3. Scalability - is based on a very powerful database (MS SQL and .NET) Output to any device – PDA, Cellular phone, Internet, email.
4. Usability – 25 years design and implementation experience of dealing with microfinance organisations.
The main features are:
- Flexible loan product design
- Flexible shares savings & deposit products design
- Document scanning, graphs, pictures, signatures
- Manage minutes and other administration records
- Email statements
- Email management reports, financial statements
- Submit reports to the Regulator electronically
- Perform backup at any time,
- P & L, Balance Sheet, Cash Flow Forecast
- Link to online Internet Banking and ATMs
- Online Loan Applications
- Communicate through mobile phones
- Industry standard Crystal Report Writer
Abacus OneWorld helps MFIs, Development Banks, Credit Unions and SACCOs maximise their future potential
Commercial Bank, Microfinance Bank, Community Bank (limited service area), Finance Companies, Savings and Credit Societies and Associations, Cooperatives and Credit Unions, Non-profit Organizations
Total number of clients
240
Number of clients using this product
20
Size of institutions with this product
Medium (5,000 - 25,000 clients)
Location of client installations
Europe and Central Asia, Latin America and the Caribbean, Sub-Saharan Africa, East Asia and Pacific
Lending methodologies
Individual, Solidarity Group, Village Banking
Level of MFI internal IT support
Part-time internal IT team
Client References
Contact info@fern.co.uk for details
www.abacusoneoworld.com
Location of technical support
Europe and Central Asia, Latin America and the Caribbean, Sub-Saharan Africa, East Asia and Pacific, South Asia
Number of technical support staff
20
Technical Support Modes
e-mail, Phone, Fax, ftp, in-person
Technical Support Languages
English, Spanish, Other
Number of installations per month
1
User Group
No
Training Options
Training may be delivered
1. On-site
2. Off-site
3. Multimedi3.
4. Context sensitive on-line help
5. Online
User Resources
Online Help, User Manual, Training Manual, Training Database
Other
Training Notes covering:
1. Teller Cashier: setting up clients, transactions,
2. Cash Manager and End of Day
3. Loan processing: application, approval, issueing
4. Credit control: delinquency management, loan review, automatic letters, emails
5. Supervisor, internal audit: random slection of accounts for review
6. Financial accounts: general ledger journals, icnome statement, balance sheet, trial balance
