[A171]Accounting And Finance Software

The Solution - MiFI:
The Design of MiFI software is made such that it is highly stable, scalable and reliable. Its highly efficient software algorithm would maintain its performance whether it's deployed in a Small, Medium or Large Institution. The software was developed after an extensive research in the field of Microfinance Operations and interacting with the experts in the field both at finance level and at field level. The design objective was to develop a software that (a) Promotes Rapid Growth of the MFI/NGO, (b) Provide a stable technology platform, (c) Provide Very High Data Integrity. The software was put under intense computing test environments to ensure that its performance levels were maintained without a glitch. The Best Part of the design objective was to provide a very affordable ? low cost solution that is made available to MFI/NGO ?s of various sizes. Although the High-Tech Industry is so much advanced, the expense of procuring the technology solution has also grown exponentially. At Trinity Signal Technology, we want all our High Tech Solutions to be very affordable by all MFI/NGO's. Our innovative technology solution is designed to reduce the cost of ownership and provide the benefits of technology to all consumers.MiFI can function effectively under the most unforgiving environments (like with no network connection, frequent phone/electricity shutdowns, etc). We understand the extreme environments under which an MFI has to operate and our technology solution is designed to consume less resource and still function efficiently. Since MFI/NGO operation is centered on the Head Office it is important to update the database changes to and from the field offices. We provide offline database updating methods at branch offices where network/telephone connections are not consistent. Where there are reliable network/telephone connections, we provide direct online updating method, which updates the head office database with the branch office changes with a click of a push button. For MFI/NGOs with good funding and more I.T budget we provide advance technology hardware like Fingerprint readers, SMARTCard/RFID readers to improve field level data integrity. For other MFI/NGO consumers we provide software base validation algorithms that ensure high levels of data integrity. We provide online access to MiFI Server, where the MFI/NGO can view reports online and monitor the operational efficiency of the Institution. This allows the flexibility to access the reports from anywhere in the world. If required, MiFI can also provide online access to the Funding Agencies that would want to monitor their fund utilization efficiency (or) fund performance. This interface would improve the level of confidence the Funding agency has on the MFI/NGO and that could lead to increased funding and increased growth for the MFI/NGO.

The Benefits:
Promotes Rapid Growth.
Better Fiscal Control
Reduces Overhead Costs.
Reduces unnecessary redundant work and helps re-organize the work force efficiently to increase the growth and performance of the Organization.
Highly Flexible and Customizable.
Improves Field Level Operational Efficiency.
Helps Institutions Provide a Better Service to their Customers.
Provides higher levels of data security and integrity.

The Features:
User-friendly Interface
The Graphical user-interface is designed to be extremly simple and provide a consistent look and feel to the end user. It is aesthetically designed with pleasant colours so that it does not cause much of a train to the eyes. Its design is targeted toward easy learning and pleasant user experience.
Maker / Checker Feature
Ensures that every entry is verified and checked by a higher authority, a process called authorization. Entries that are unauthorized are not processed further. Although this process is tedious, it ensures the correctness of data that is entered.
Group Management Features
Helps the Field Development Officers (FDOs) to monitor Group meetings and Group Attendance, thereby improving operational efficiency. The FDOs can also handle Group Transfers with ease
Built-in Business Intelligence
MiFI incorporates business intelligence features such as Performance Analysis, Risk Analysis and Profit & Loss Analysis which enables the management to take vital decisions and plan their strategy
Comprehensive MIS reports
Provide Online and Offline reports for the management and funding agencies to view the current status of the financial information. Enables the management to effectively monitor the performance of their team.
Security
Ensures that the data is secure, as the system does not allow unauthorized users to access the data and manipulate it, thereby preventing fraud and mis-representation of financial data.
Technology Integration
MiFI can also be integrated with
Smartcard
RFID
Finger Print Readers.