Empowering Financial Services Institutions
Finamount is a solution simplifying operations & management of MFIs, Cooperative Societies, NBFCs & NGOs involved in financial sectors.
- Suitable for an institution with single as well as for multiple branches setup.
Mobile & Tablet Compatible
Reliable Support & Training
Empowering Small Financial Services sector with right technology.
Team Finamount
Who is it for?
If you fit into one of the below categories of financial service institution, Finamount is for you.
Credit Cooperative Societies
Cooperative Organisations dealing with deposits & loans from a single location office or a multi-location branch setup
NGO – Bank BC
NGOs or Independent Business Correspondents involved in financial services liaising between Banks & Self Help Groups (SHG) or Joint Liability Groups (JLG)
Microfinance Institution
Any individual or consortium involved in micro-finance ecosystem & would like to organise your operations.
NBFC
Non-Banking Financial Companies focused on a specific services sector.
Why Finamount?
Experienced Advisory Team
The application development is driven by guidance & advisory of Experienced bankers, Promoters of successful MFIs and other stakeholders.
Qualified Technical Team
Complementing the domain knowledge of the able advisory board, Finamount is developed by a qualified & reliable technical team.
Innovation Driven
We constantly strive to make Finamount better everyday. You can be assured of keeping in pace with technology advancement.
Reliable Support
We have a reliable support time to hand-hold in the initial days of usage and make sure no issues are left unaddressed.
Exhaustive & Consistent Reports
Finamount is packed with effective decision making reports along with standard banking MIS. Custom reports are created on demand.
Affordable
The application is affordable & the capabilities Finamount offers, will truely make you feel, it is value for your money.
Secure & Reliable
Transactions & Operations on the application is secured over internet.
Regular Backups & Audit Trails
The data is backed up regularly to prevent any data-loss or perform roll-backs. An audit trail is maintained for every operation done on the application.
What problem are you trying to solve?
- The application can be accessed from anywhere, anytime & from a browser any device of your comfort (Computer / Mobile / Tab).
- A dedicated website / mobile app is available if required at extra cost.
- Role based dashboards are available for branch users & administrators of the institution. The application offers pre-defined roles with relevant access control. Following are the available roles –
- Branch Head – Access to open/close Day business, all transactional operations & MIS
- Officer – Access to transactional operations & MIS along with approver powers
- Counter / Cashier – Access to transactional operations and related MIS
- On-field Operator – Access to transactional operations related to on-field operations such as membership creation, daily-deposit / pigmy collection and related MIS.
- Bank Admin – Access to all MIS across branches
- Individual (Registration with shares if applicable)
- Group
- Firm (Trust, companies, etc)
- Design of Loan & Deposit Products with maturity/closure actions as per your schemes
- Automated interest runs every month/quarter/year as applicable to respective accounts
- All transactions go through a maker-checker mechanism.
- Transactions come with automated system generated narration along with provision for user notes.
- Every transaction is confirmed with a SMS to the customer*
- The application supports collection of payments towards a deposit or loan repayment by two modes – Semi-Automated & Fully Automated
- Semi-Automated – The amount can be paid via UPI over a click of a button and then a transaction form is filled from customer side for the branch to approve. Doesn’t incur any additional charges.
- Fully Automated – The amount can be paid via any payment modes and the transaction reflects automatically in the statement without any branch intervention. Does incur payment gateway service charges.
The application can be configured to give you a customised pre-printed documents for –
- Share Certificates
- Statement Headers
- Loan Kit – Loan sanction letter with EMI schedule, No Due Certificate on closures.
- FD Bond
Following MIS reports come pre-configured :
- Transaction Report for a Date Range (receipts & payments)
- Day Book cum Trial Balance for a Date range
- Ageing Report (Loans)
- General Ledger
- Expenses report
- Customer MIS
- Profit & Loss Statement
- Calendar Report
In addition, we will build 2 custom reports as per your needs and can build more at additional costs.
- Managing branch data
- Adding new branch
- Adding an employee to the branch
- Adding a new employee
- Approving new employee
- Adding tour plan to the employee for a particular date
- Printing tour plan
- Modifying an employee data
- Reliving an employee
- Transfer of an employee
Implementation
Starting with Finamount is easy.
Request a demo of Finamount with any special mentions on features that you are looking forward. We can demonstrate the required capabilities in-person or online over a video call as per mutual convenience.
Get all your queries clarified
Once you are satisfied with the demo & are willing to go ahead, we will get a contract signed and necessary payment to be done.
We will conduct a training session on application usage for your staff and handover some reference videos for further reference. We will provide you easy to fill excel formats to collect your existing data (customers, accounts, etc) to be imported into the application.
Once we receive the data, we will complete the data import into application and you can go ahead with application usage.
Nikhil Joshi
Application Architect