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Technology Readiness, MIS for Business Expansion. Reji Varghese AVP – IT Consulting , BASIX. Success Stories in MFI’s/NGOs. IT Innovations at SNFL Pre-Installation No system for portfolio tracking Low OTRR NPA levels were high Post Installation of MIS

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technology readiness mis for business expansion

Technology Readiness, MIS for Business Expansion

Reji Varghese

AVP – IT Consulting ,

BASIX

success stories in mfi s ngos
Success Stories in MFI’s/NGOs
  • IT Innovations at SNFL
    • Pre-Installation
      • No system for portfolio tracking
      • Low OTRR
      • NPA levels were high
    • Post Installation of MIS
      • Designed and Implemented MIS systems
      • Monitoring and feedback systems are stabilized
      • Initially used ‘Famis Plus’ and presently updated to Oracle based ERP system ‘DELPHIX’
      • Operating in 6 states with more than 1o,000 villages
      • OTRR -99% , NPA reduced, 5 lakhs customers at present
success stories in mfi s ngos1
Success Stories in MFI’s/NGOs
  • SARC, Sambalpur
    • Funds received to this institution after MIS systems were installed
    • O/s increased from 2 Lakhs to 60 lakhs with in 1 ½ year
    • Presently entire portfolios are monitored and even IDPD collected in case of delay in repayments
  • Equitas, Chennai
    • E-Documents
    • SMS based tracking
    • Central Database and data processing at central place
    • Now moved into Core Banking System
success stories in mfi s ngos2
Success Stories in MFI’s/NGOs
  • BASIX
    • MIS systems were developed from the day one
    • Well structured systems are in place
    • Good portfolio tracking and monitoring systems
    • 1 million credit customers and 2 million Insurance transactions are processed in a month
    • ½ million non-credit transactions are captured
    • Entire Audit process completes with in 10-15 days
    • 17 states, 130 units monthly MIS reports are consolidated with in less time
    • Now moving into central processing and mobile based loan repayment systems
    • Setup its own IT division called ‘ITSL’ and serves technology initiatives of group companies and NGO/MFI sector
thus technology initiatives are best investment decision rather being considered as cost center
Thus, Technology initiatives are best investment decision rather being considered as cost center….
why you need an mis
Why you need an MIS?
  • Scaling up strategies
    • Right information at right time is the key to success
    • Plays Vital role in strategic decisions
    • Expand client reach
  • Reduce cost of transactions
  • Improvements in quality of work
    • To analyse critical operational parameters
    • To Strengthen financial performance
    • Pinpoint those areas which require immediate attention
    • Increase the efficiency of Human Resources
    • Motivate field staff and to create healthy competition
key elements of a better mis
Key elements of a better MIS
  • 100% Automation of all business/functional areas
  • Integrity between operational modules to financial accounting
  • Data Security and interoperable
  • Flexible Loan, Insurance and Savings product definitions and its revisions
  • Automated Loan Documentations
  • Tools for controlling Risk Management and controls for effective monitoring
  • Various MIS reports for analysis from field level to top management
slide8
System should have Critical Information requirements of various stake holders such as
    • Field staff operations info.
    • Management Reporting
    • Statutory requirements
    • Funding agencies reporting
    • Customer MIS
    • Service Delivery
    • Internal Controls
field staff information
Field staff information..
  • Loans appraised/sanctioned Vs disbursement particulars
  • Day wise collection statements
  • Loans overdue reports
  • Portfolio Performance Reports
management reporting
Management Reporting
  • Operating Summaries
    • Weekly (Inflows & Outflows at branch level)
    • Monthly (Demand, Collection and Balances)
  • Employee Performance Reports
  • Key Portfolio Indicators (Financial Health)
    • Loan Outstanding & No. of A/C’s
    • Repayment %
    • Principal At Risk (PAR)
    • Non Performance Assets (NPA)
    • Aging Analysis of Overdue
    • Financial Ratios
financial accounting
Financial Accounting
  • Savings/Cash Security Particulars
  • Financial Accounting Statements
    • Borrower/Member Sub-ledgers and balances
    • Secured/Unsecured loan portfolio details
    • Income (Interest earned on loans) particulars
    • Trial Balance , P & L, Balance Sheet etc.
other major area requiring automation field transactions using mobile hhd pos
Other major area requiring automation, field transactions using Mobile/HHD/POS
  • To develop a foolproof system for handling field transactions
  • To reduce the workload of data entry
  • To acknowledge the receipt of the payment at the field
  • To reduce the transaction cost
  • Automate until the last mile of the financial transaction
  • To facilitate better interaction with the customer
  • Reduce human errors
various mis solutions
Various MIS Solutions..
  • Client- Server architecture at the initial level which costs around 2 to 5 lakhs
  • Web based solutions ( .Net . Java etc.)
  • Central Processing systems , CBS or ERP solutions which cost starts from 20 Lakhs based on number of branches and modules
  • RDBMS based on Oracle, SQL Server are better options
  • Open source solutions are available
  • It is better to use mobile/HHD devices to automate field transactions
key learning s
Key Learning's
  • Recruitment of cross domain (IT and Functional) specialists for managing ICT projects is always useful
  • IT together with Institutional Support is mandatory
  • Selection of Technology and IT partner
  • Adopt IT as a strategy and align with business needs
  • Be practical in your thinking and have patience during implementation and stabilization of system
  • An MIS will not meet all the flexibility hoped for
  • Good Project management and documentation practice
  • Involvement of all user groups in system development/Implementation
  • Continuous training to the end user
slide16
Suggestions to the sector, out of experience..
  • Assess your IT needs
  • Initiate the process
  • Acquire good IT Solutions
  • Adopt IT in your business
  • Make your life simple ..
slide17
Thank You..

[email protected],

www.basixindia.com

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