SYS-MICRO Savings is a mobile enabled solution that greatly enhances operations efficiency of collection agents of a Bank. Collections for micro & small savings products happen on the field and therefore require technology support that is light-weight and easy to use.
SYS-MICRO Collection solution works on mobile in a secured manner and in an integrated way with core back-office / accounting systems.
Extract or real-time update from core back-office / accounting system, selection of Accounts
Last x transactions, x period, Due amount, Late fees
Balance Inquiry, Mini Statement
Doorstep Service, Through Cash, Cheque
2FA, Data Encryption for storage as well as transit, Agent and Customer authentication
Agent performance, Device security & tracking
Savings discipline since the financial institutions do not have to wait for the Customers to come to branch for repayments. The agents / field officers can go the field and record collections using SYS-MICRO Savings solution.
A mobile enabled solution removes the drawbacks of manual record keeping such as delayed reporting, oversight & errors, poor risk management
No misuse, mismanagement or fraud since the transactions are recorded & updated in real-time; and, additionally receipts are issued.