Automation of SACCOs - FSD Kenya

74 • AUTOMATION OF SACCOS: ASSESSMENT OF POTENTIAL SOLUTIONS
Accounting and finance Strengths Weaknesses /For further investigation
General accounting The CoA can be fully customised.
Fixed assets The system has a comprehensive fixed asset registry.
Planning
Treasury and cash management The system does not have dedicated portfolio management
functionality built in as Temenos offers an additional module for
this purpose. However, investments could be tracked using the
(customised) asset registry.
Risk management The system only offers reports to monitor risks.
reporting
Available reports The system offers a vast range of report templates.
The enquiry tool offers good search functionality.
Generation of reports The software features the inbuilt T24 Toolkit to develop new enquiries
across all tables or set different filters in existing enquiries.
A separate module is required for cash
forecasting.
Customisation of reports is required to
produce an as is cash forecast based on
accounts payable and receivable.
It needs to be confirmed if the system can
calculate the necessary ratios to measure
and monitor risk.
The use of the Toolkit is not clear, e.g. does it
restrict the user’s choice of columns to what
is technically feasible?
usability
GUI The usability of the solution is questionable,
given the following characteristics:
• substantial use of codes reduces clarity;
• insufficient labelling of fields;
Workflow
Alerts
Data entry validation Manual data entry is facilitated by configurable drop-down menus.
System maintenance
Configuration The system is highly flexible with regard to the configuration of
products, rules, charges, loan process checklist, etc.
While configuration is done on product level, individual settings per
customer can be made.
•
•
•
insufficient data presentation, e.g.
repeating all fields per record instead of
using tables for clear illustration;
navigation paths are long and navigation
requires knowledge about the table
structure;
GUI is not fit to screen, requiring a lot of
scrolling.
The system is scalable as modules of the T24 core banking solution can
be integrated easily.
Data Different formats and structures are supported with regard to data
import.
Security The user rights management module is
difficult to use as single letters need to be
entered for modules and functions.