The Aspekt Microfinance Software as a core microfinance system with its scalable nature supports functionalities that are convenient for financial organizations that include Savings and Deposits in their scope of operations. Generation of agreements is convenient and requires minimal number of steps to be fulfilled, with automatic calculation of interest, maturity amounts, transaction cycles and penalty rates to be included if some of the agreed conditions are not fulfilled.
For savings, the customer can choose savings amounts, withdrawal frequency according to payment convenience and the solution will automatically calculate penalties in case of premature withdrawal.
The module has an integrated DDC Object which allows flexible definition of the Product Policy and creation of diverse types and groups of savings and deposits accounts, as well as specific product conditions from user side, in order to enable fast release of new products and competitive advantages.
The module is completely integrated with the back office operations that enables automatic transaction postings in General Ledger and matching on predefined posting schemes, which are dynamically defined from user side.
Automated estimation of savings/deposit ratesManage deposits and savings with same functionality excellence as with Loan Module and dynamically integrate complex calculations to promptly estimate savings rates.
Acceleration of Payment ProcessHelp your customers get optimal savings withdrawal and at the same time lower your attrition rates, with our flexible savings product definition. Manage dynamic savings types, savings groups and transactions defining posting schemas easily and conveniently within the solution, independently from the vendor.