Microfinance Department at UNRWA Introduces OMNIEnterprise Microfinance Solution
Proquest LLC |
InfrasoftTech reported that
According to a company release, the Microfinance department at UNRWA wanted a highly scalable Lending Management solution to reengineer business processes, optimize infrastructure costs, improve credit control, reduce multi-currency losses and seamlessly comply with financial & regulatory guidelines. The solution was to be rolled out across four territories, namely
InfrasoftTech noted that OMNIEnterprise Microfinance Solution has helped UNRWA to manage multi-entity, multi-currency and multi- lingual setup. It provides functionality covering their entire business operations - Client Management, Credit scoring & Poverty indexing, Micro enterprise credit, Multiple Loan Types (individual, solidarity group lending, micro-enterprise, small scale enterprise, consumer, housing, women household, youth projects, poultry farming, making closets / furniture, support family income) Portfolio Management, Loan Repayment tracking, Collateral Management, Collection & Recovery including follow-ups & Legal cases, ABB with multi currency support, Remittance, PDC handling, Source of funds tagging,
The Microfinance department at UNRWA was able to meet all its business & technology goals for this automation project. The project offers one of the best case study of cloud based service delivery. The solution is managed by UNRWA Information Systems Division, hosted in
Speaking on the occasion of the fourth region going live, Hani Cordiya, the Project Manager stated "We are confident to achieve our stated business objectives on implementation of InfrasoftTech's solution; OMNIEnteprise has improved the operational efficiency for delivering consistent, uninterrupted services in a cost effective, secure and compliant manner. InfrasoftTech has worked with us truly like partners for the entire duration of this project"
OMNIEnterprise Microfinance Solution is one of the flagship products of InfrasoftTech and has global client base with implementation in regions as diverse as LATAM,
InfrasoftTech is a specialist IT solutions & service provider in banking & financial services space.
More information and complete details:
www.infrasofttech.com/BankingProducts.aspx
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