PRISMA SYSTEMS SAVCO SACCO Software software presentation.pdf · PRISMA SYSTEMS SAVCO SACCO...

PRISMA SYSTEMS

SAVCO SACCO

Software

What is SAVCO?

SAVCO® is a complete

integrated software that has

all the essential components

to manage and run a savings

and credit organisation

It is an easily learned system that runs on

Microsoft Windows 2000, 2003 server, XP,

VISTA, 2008 server and any newer versions.

SAVCO System Main Features

SAVCO

System

Customer

Linkable to

ATMs

Customer Banking

FOSA

Ledger

Accounting

Integrity

and

Security

Loan and

Savings

Designs

Reports &

Querying

Loan

Processing

Member Transactions

Member

Details

What Do You Get From SAVCO?

•Accurate & Timely Reports

•Members/Customers & Transactions

•Balances, Statements etc

•History as far Back as Possible

•Ledger & Cash Book

•All General Ledger Reports

•Reconciliations to Banks

What is SAVCO Capacity?

•Unlimited Members & Customers

•Depends on the Database

•Supports Multiple Databases

•Oracle, IBM DB2 & MS Access

•Security on Database & Users

•Users are Grouped into Roles

•Unlimited Users in the Networks

SAVCO Demo Will Show

•Reports Samples

•Member Details & Transactions

•Loan Process

•Ledger Book - Integrated

•FOSA – Customers

•Teller & Back Office Activities

Reports – Standard, Members & Customers

Member Driven

Customer DrivenTeller Driven

Standard Reports

Reports – Samples

Next few slides show examples

on available reports

Content displayed depends on

organization parameters, setups

and structure

Reports – Balance Worksheet

The account tabulated differ from organization to organization

Reports – Member Statement Sample

Several Statements types available capturing unlimited history

Reports – Income & Expenditure Sample

Reports – Loan/Share Balances Sample

Reports – Balance Sheet Sample

Only the first part of the balance sheet shown on this slide

Reports - Bar Chart Example

Reports – Pie Chart Example

Vast Array of Unlimited Reports

Reports – Graph Example

Customer Account Balances

Available at any moment and always up to date

Reports – Summary

•No limit on reports that can be supported

•Reports can be exported to Word, Excel, PDF, etc

•Over 220 standard reports on a single installation

•Reports menus customized to include what you want

•During Implementation

•Can have own reports developed without charge

•Can fit reports to special printers without charge

•Can train on how to create/modify reports

•During Use

•New Reports can be sent Via Mail

•Reports can be customized and replaced

Member Master Details

Next of Kin and other details are entered on other tab panels

Members Associated to A Group

•Members Can

•Use Saving Products (Shares)

•Loan Products

•Can Guarantee Within Own Group

•FOSA Members

•Group can be

•Stopped from taking a Loan.

•FOSA Member

Member Transactions

•Manual and Multiple Data Entries

•Recurrent to Save Re-Keying

•Imports From Excel, Texts

Member Transactions

•Includes

•Saving Products (Shares)

•Loan Products

•Non Cumulative Payments

•Processing options includes

•Automatic Share, Loan and

Contribution Distribution

•Direct Loan, Share & etc Allocation

Member Transactions - Deliverables

•Reports

•Member Statements

•Management Reports

•Others

•Processing

•Automatic Ledger Summaries

•Data Imports and Exports

Member Transactions – Calculates Dividends

•Can be Recalculated Several Times Till Accepted.

•Can be Printed (or Saved as Word, Excel or PDF )

•Can be Posted Directly to Members on Selected Account

Loan Processing Flow

Entered

Into

SAVCO

Printed

Copy Sent

to Loan

Committee

Loan

Committee

Approves

or Rejects

Loan

Approved

in SAVCO

by Loan

Officer

Loan

Applicant

Advised

Loan

Application

Enters

Monthly

Check off

Loan

Appraisal

Loan Processing Details

•No Limit to Loan Products

•No Limit to Loans a Member can Get as Long as

within policy.

• Interest can be Changed at Loan Level.

•Loan Repayment can be Delayed.

•Loan Periodical Repayment can be Adjusted

•Loan can be paid off at any moment.

•Insufficient Loan Repayment can Earns

Automatic Penalty.

Loan Application

Loan Amortization

•Depends on Interest Method

•Original Amortization Available Always

•Can be Copy Pasted to Excel

Loan Processing - Controls Available

Includes

•Controlling Guarantors.

•Loan to Share Ratio.

•Controlling Approvers.

•Approving Through Loan Appraisals

•Maximum and Minimum Amounts and

Repayment Periods

•And many others.

Loan Appraisal

Loan Appraisal Report

Ledger & Cash Book Menu

Fully Customizable Chart of

Accounts

Ledger entries are entered in

journal format or

Account Transaction option can

be used where debits/credits of

a particular account are

followed e.g. Cash in hand

Transaction can be imported

from Excel

Reconciliation on Bank Account

is available and shows the

current cash position based on

all transactions.

Ledger Entries – Controls Balances

Account Budgets

Customer Banking – FOSA Schematic ViewSACCO

Member

Paying for Services

Balanced Book Keeping

Customer

Accounts

Activities

Savings &

Withdrawals

Cheques/Cash

Ledger

Processing

Manual/Imports

Service Register

Available in

SAVCO

SAVCO

Teller

Customers – Names & Details

Signature/passport photos

can be added and used by

tellers for identifications

FOSA - Highlights

•Includes Members and NON Members

•NON Members may be guaranteed by a Member.

•Member can open several accounts.

•FOSA can be used to service SACCO Loans.

You Design Saving Products and each product can have

•Multiple controls and operating conditions.

•Minimum and Maximum Withdrawal in one Transaction .

•Activity Based Charges e.g. Withdrawing, Deposit etc

•Multiple Services attached to it - e.g. Cheque Clearance,

Bank Orders, Bill services and etc.

Teller Activities – Cash Withdrawal

Teller Activities – Can Refuse Withdrawals

There are very many controls that can be attached to FOSA

products and one of them is denying withdrawal for some reasons.

Teller Services

You design your own services and add commissions, charges

and rates. This is then attached to a FOSA product.

Saving Interest

•Interest is Calculated Quarterly Based on a

Selected Minimum Balance.

•IT can be Recalculated till Accepted

•IT is Dependent on the Saving Type.

•IT can be Based on Maximum, Minimum or

Average Balance

•IT can be Posted Directly to Member Accounts

Implementation

IMPLEMENTATION PLAN

INSTALLATIONS

DATA LOAD

TRAINING

LIVE USE

OWN SUPPORT

SUPPORT AGREEMENT

Implementation Tasks

•Data Loading for Big and Small Databases

•Import from Excel wherever Possible

•Training

• On Site Training On Own Data.

•Software Installation

•Client PCs and Database on Server

•Free Oracle 10g Express Server for members

between 1000 and 3000

•Free IBM DB2 C9X for members over 3000 to 20000

•Can purchase licences for Oracle & DB2 if over 15000

•Maintenance & Support Agreement (Optional)

Cost Breakdown

Description Money

Installation/Setup & Initial

Data Loading

Based on Size

Computers and Hardware

(Network, Printers etc)

Customer Sourced

Software Products Base Price

Expenses & Miscellaneous Based on Location &

Size

Totals $$$$$$$$

THE END

SAVCO System Presentation