Automation of SACCOs - FSD Kenya

More documents

Recommendations

Info

72 • AUTOMATION OF SACCOS: ASSESSMENT OF POTENTIAL SOLUTIONS FOSA Strengths Weaknesses / For further investigation Data The project team is cautious of the fact that the upload functionality is insufficient as it does not enable flexible definition of mappings for different data formats and structures. The project team was also concerned with how the data model supports synchronization across the FOSA and BOSA modules. Security Access can be restricted on modular as well as field level, to customer data, to GL accounts, to dormant accounts, etc. Transaction limits can be set. Authorisation processes are enabled. Unsuccessful logon attempts are logged. Transaction options can be differentiated for link downtimes to prevent customers’ abuse of the lacking coordination. Backup and recovery Multi-branch operations The system has been installed in multiple branches of Embu Farmers’ SACCO (5 branches) and Necco FOSA SACCO (7 branches), using a KDN VSAT connection. A bandwidth of 128 mbits/sec is sufficient. Volume issues have not been experienced. Support and maintenance The support structure seems appropriate. Kenyan presence +30 staff in Nairobi office and +40 across Kenya. Kenyan SACCO experience 2 implementations in Kenyan SACCOs. 20 additional sites in Africa. The vendor has explained that: Synchronization does occur based on replication of the following subsets of the data model: customer information, account information and transaction information. The entire process is based on bi-directional data replication using a periodic refresh algorithm. At the core of the system is a set of cache tables that are managed by a set of data journaling services. The frequency of periodic refreshes and updates is user defined. The use of database field names in audit trail requires understanding of the database structure.
6. T24 MCB (TEMEnoS) AUTOMATION OF SACCOS: ASSESSMENT OF POTENTIAL SOLUTIONS • 73 FOSA Strengths Weaknesses /For further investigation Teller operations The system has dedicated junior and senior teller modules, each with distinctive functionality. The system supports standing orders. FOSA products The system allows numerous savings products beyond practical (configuration and processing) restrictions (
Page 1 and 2:
AutomAtion oF SACCoS ASSeSSment oF
Page 3 and 4:
table of Contents Tables and Figure
Page 5 and 6:
list of Abbreviations ASP Applicati
Page 7 and 8:
exeCutive SummAry Financial Sector
Page 9 and 10:
Chapter 1 introDuCtion 1.1 ConTEXT
Page 11 and 12:
Chapter 2 projeCt methoDology 2.1 r
Page 13 and 14:
The purpose of the visits was to sp
Page 15 and 16:
The fact that the individual lists
Page 17 and 18:
A manual of the solution needed to
Page 19 and 20:
studies, which have been focused on
Page 21 and 22:
for management information purposes
Page 23 and 24:
yield on member share capital. The
Page 25 and 26:
Thirdly the project team as observe
Page 27 and 28:
coordinating their acquisition and
Page 29 and 30: Level 1 Level 2 Description AUTOMAT
Page 31 and 32: Level 1 Level 2 Description AUTOMAT
Page 33 and 34: Chapter 5 AutomAtion Solution ASSeS
Page 35 and 36: they would most probably have been
Page 37 and 38: Accounting and finance AUTOMATION O
Page 39 and 40: fees according to the size of their
Page 41 and 42: social factors. The first would be
Page 43 and 44: the system implementation there wil
Page 45 and 46: In order to evaluate the identified
Page 47 and 48: the functionality Orbit offers by d
Page 49 and 50: ecommendation: To conclude Amtech
Page 51 and 52: 5. Orbit (Neptune) Fulfilment of re
Page 53 and 54: Plan the project This phase is esse
Page 55 and 56: 3. Managing stakeholder participati
Page 57 and 58: option is the acquisition of SACCO-
Page 59 and 60: I) Increase automation AUTOMATION O
Page 61 and 62: III) Governance AUTOMATION OF SACCO
Page 63 and 64: AUTOMATION OF SACCOS: ASSESSMENT OF
Page 71 and 72: Customer data management All detail
Page 73 and 74: Risk management The system provides
Page 77 and 78: 5. orBIT (nEPTunE) AUTOMATION OF SA
Page 79: AUTOMATION OF SACCOS: ASSESSMENT OF
Page 85 and 86: noteS AUTOMATION OF SACCOS: ASSESSM
Page 88: FSD Kenya Financial Sector Deepenin
show all

Automation of SACCOs - FSD Kenya

Create successful ePaper yourself

Delete template?

Save as template?