InfrasoftTech today announced that United Nations Relief and Works Agency (UNRWA)’s Microfinance Department, has gone live on OMNIEnterprise Microfinance Solution in four territories of its operations, automating their entire business processes, credit risk management and financial compliance.
OMNIEnterprise Microfinance Solution has helped UNRWA to manage multi-entity, multi-currency and multi-lingual setup. It provides comprehensive 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, General Ledger, Fixed Assets, Reconciliation, Charges master, Reports and Centralized BOD and EOD processes.
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”
On the occasion, Mr. Hanuman Tripathi, Founder & Group Managing Director, InfrasoftTech, said, “We are very glad to see that our software platform is being used by UNRWA to better the lives of millions of people. It is an honour to have worked with a UN agency providing technology for a socially relevant cause. We thank UNRWA in supporting us to implement the software solution in some of the most challenging regions in the world today”
OMNIEnterprise Microfinance Solution, while developed on a banking framework, has been designed & modeled to cater to Microfinance and Micro-banking businesses. The strategy has worked wonders for its clients since it provides a light-weight platform and ease of adoption but at the same time ensures the best possible features for security, accounting standards, credit control and reporting.
InfrasoftTech has kept pace with changing market needs and launched innovative features from time to time, such as micro-insurance, agent banking, bio-metric enabled mobility solution, securitization, investor reporting, etc.
Asst. Manager – Corporate Communications
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