Automation of SACCOs - FSD Kenya

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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.
AUTOMATION OF SACCOS: ASSESSMENT OF POTENTIAL SOLUTIONS • 75 System maintenance Strengths Weaknesses /For further investigation Backup and recovery Multi-branch operations The software has been installed in multi-branch institutions (KWFT, Faulu). Support and maintenance There is a resource pool of about 30 staff supporting T24 and T24 MCB. The support centre is located in Chennai, however there are plans to bring parts of the support structure back to Kenya. The support structure is not obvious from touring the premises. Kenyan presence About 20+ staff in Nairobi office Kenyan SACCO experience 1 implementation in Kenyan SACCO. Kenyan MFIs such as KWFT, Faulu About 100+ implementations in MFIs worldwide.
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AutomAtion oF SACCoS ASSeSSment oF
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table of Contents Tables and Figure
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list of Abbreviations ASP Applicati
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exeCutive SummAry Financial Sector
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Chapter 1 introDuCtion 1.1 ConTEXT
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Chapter 2 projeCt methoDology 2.1 r
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The purpose of the visits was to sp
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The fact that the individual lists
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A manual of the solution needed to
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studies, which have been focused on
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for management information purposes
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yield on member share capital. The
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Thirdly the project team as observe
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coordinating their acquisition and
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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 81: 6. T24 MCB (TEMEnoS) AUTOMATION OF
Page 85 and 86: noteS AUTOMATION OF SACCOS: ASSESSM
Page 88: FSD Kenya Financial Sector Deepenin
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