General System Features 
LOAN PERFORMER FACTS-SHEET |
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| General System Features | Shares | Deposits | Loans | Accounting |
Minimum Requirements: 128 MB Pentium with 800x600 screen resolution.
Runs on Windows 2000/ME/NT/XP operating systems.
Runs as standalone or multi-user program on peer-to-peer, file-server LAN or in a client-server network.
Available interfaces: English, Spanish, French and Russian (even mixed in the same network).
All labels whether on screen, in the menu or in reports can be modified by the user.
Group deposits can be tracked at group level only or also at group member level.
Supports individual lending as well as group lending with either tracking of group loans at group level (Village Banking) or at group member level (Grameen type lending).
Payments can be made in cash, by cheque, by bank transfer or to/from any of the savings accounts.
Printing of receipts for deposits/ disbursements/ repayments. Two receipts are printed, one copy for the client, one for the organisation. A default printer can be assigned. Receipt files can be modified by the user.
Cash reconciliation by cashier is very easy as each cashier can be linked to his/her own account.
User definable fields for individual clients (3 categories), group members (2 categories) and loans (3 categories).
Interest days for deposits and loans can be set to any number of days per year.
LOAN PERFORMER handles 11 user levels: guest user, savings officer, loan officer, cashier, teller, assistant accountant, accountant, assistant manager, manager, supervisor (the labels for the functions can be defined by the user).
Access to menu-items can be en-/disabled according to user-level.
Posting of back-dated transactions can be limited according to user.
Audit Trail available to see who logged into the system and who posted which transactions.
All reports carry the logo of the institution and the name of the branch, the name of the user who printed the report as well as the date of printing.
LOAN PERFORMER comes with more than 200 standard reports, which can be run with a wide variety of criteria.
All reports can be exported to XLS (Excel), DBF (Dbase) and PDF file format. PDF files can be read with the - freeware - Adobe Acrobat Reader.
LOAN PERFORMER comes standard with FoxFix database protection. At start-up the database is validated and any errors are reported and repaired if possible.
User can add additional, custom-made modules into the menu structure (needed is Visual Foxpro 7).
Menu Clients:
Members can buy, sell and transfer shares from one member to another, in cash, by cheque or via the members savings account.
Shares have a nominal value and a current value. The nominal value remains the same, the current value can change over time.
Dividend can be calculated according to the number of months that the shareholder holds the share or independent of this. The period can be set with a minimum of one and a maximum of 12 months.
Share transactions automatically update the General Ledger.
Menu Shares:
Maximum number of accounts: 100,000 for each type of account (individual, group or business) and per branch.
Handles 676 user-definable savings products where interest, minimum balances etc. can be set separately per product.
Maximum deposit amount: 999,999,999,999.99.
Transaction are automatically booked into the general ledger and each savings product can be linked to its own set of general ledger accounts.
This last feature can be disabled if the deposits go to an external bank account, not managed by the client. This can be defined per product.
Annual interest can be set up to 3 digits and 2 decimals.
The interest period is flexible (according to number of months, maximum 1 year).
User can define certain minimum balances for interest calculation.
Transactions can be imported from external files.
Interest can be calculated either on daily balances or on monthly minimum balances.
Interest can be added automatically to the accounts.
Charges (ledger fees) and rewards can be added/deducted from the accounts.
Accrued interest can be calculated and booked into the general ledger.
The savings module also supports time-deposits.
Menu Savings:
Maximum capacity: 1 million loans per branch.
Maximum loan amount: 999,999,999,999.99.
Annual interest rates can be set as 3 digits and 8 decimals.
Maximum interest amount per installment: 100 million.
Maximum 676 loan products. Loan parameters can be set per product.
Handles several loan funds and administrator can prevent disbursements from depleted funds.
Loans can be entered as loans to individuals, loans to groups with a breakdown of the group loan amount into the amounts that the members received (Village Banking) or as direct lending to members within a group (Grameen lending).
Loan transaction are automatically booked into the general ledger where each loan product can be linked to its own set of general ledger accounts.
Handles loan application, payment of commissions, loan approval, disbursement, repayments, loan rescheduling and loan write-off. The commissions can be set as not needed, to be entered before or after loan applications and/or deducted at disbursement and/or with every installment.
Commissions are either defined as a percentage of the loan amount or as a flat amount. User can decide whether the payment is an income or liability (think of an insurance premium).
Grace periods supported. User can indicate whether interest should be calculated over the grace period.
Supported installment periods: daily, weekly, bi-weekly, half-monthly, monthly, bi-monthly, quarterly, four-monthly, semi-annual, annual. It is also possible to get a repayment schedule with only interest payments during the grace period.
The feature of non-working days and weekends prevents due dates to fall on these days. The user can define to change the due dates to the next working day or to the last working day (or not to change them at all).
Interest can be calculated as flat rate, declining balance amortization or discounted.
Interest can be calculated either by the number of days of the loan period or according to the installment periods. User can set number of days and number of weeks per year.
Interest can be deducted from the loan amount at disbursement or fully paid with the first installment.
Accrued Interest can be calculated and booked into the general ledger.
Individual loans may need guarantors or collateral.
User can define that x percent of the loan amount should be available on one of the savings accounts or as shares. The percentages can be different for individual or group loans.
The computer generated loan repayment schedule can be modified for every installment (date, principal and interest amount), even at the level of the group members. There is hardly a repayment schedule that cannot be handled by LOAN PERFORMER.
Loans can be disbursed in cash, by cheque, as a deposit to any of the the client's savings accounts or as a transfer to the - external - client's bank-account. Receipts can be printed.
Disbursements in installments is supported.
Installment dates can be calculated as starting from the disbursement date or - in case of cheques - from the cheque clearing date. Installment dates can also be fixed on a certain date of the month.
Repayments can be made in cash, by cheque, from one of the clients savings accounts or by bank transfer.
Penalties can either be entered manually on a loan by loan basis, or calculated by LOAN PERFORMER for all loans in arrears. In the last case, there are several options for the calculation.
Automatic transfer can be made to repay loans in arrears from the any savings account.
Loans can be rescheduled by adding extra installments or modifying future dues.
Loan applications, approvals, disbursements and repayments can all be imported from external files.
LOAN PERFORMER can produce user-definable warning letters whereby the period and the contents of the letters can be defined by the user.
Clients can be black-listed. Black-listed clients can't receive new loans.
Loan Provision can be calculated according to 5 different user-definable classes. The GL accounts can be updated automatically.
Loans can be written off on a loan by loan basis or automatically according to certain user-defined criteria.
LOAN PERFORMER produces many portfolio reports, for instance Aged Arrears reports, Portfolio at risk, Performance Monitoring, Indicators reports and Collection Sheets. All reports can be filtered by period, branch, credit officer, loan product, loan fund, geographical area, business sector and different client or loan categories.
A link can be created with planning data from an Excel spreadsheet and a report can be created that compares planning data with achievements.
Loan data can be archived and de-archived.
At loan application or disbursement, data can be exported to Word for the creation of loan contracts with Word's mail merge facility.
Menu Loans:
Assets, Debtors and Creditors modules, General Ledger.
Maximum of 1,000,000 accounts.
Maximum supported booking amount: 999,999,999,999.99.
The chart of accounts can be modified to suit the user. User can set the max width in number of digits of an account.
User can enter, modify or delete accounts. Accounts can be defined up to 5 sub-levels. Analysis codes can be defined for products, funding agencies and branches.
User can specify to which accounts automatic bookings have to be made (from shares, savings and loans ledger). This can be defined per product.
User can make manual entries as well (in addition to the automatic entries for deposits and loans, like payments for rent etc.).
User can set a template for voucher numbers.
User can define cost centres, link clients to cost centres and print all financial reports according to cost centre.
Supports budgets (with option for multi-donor budgets).
All automatic transactions are booked on cash basis (not accrual basis), but user can run a module to calculate accrued interest and update the GL accounts.
Produces budget tracking, profits per periods, break down of accounts, trial balance, income and expense, cash-flow statements and balance sheet reports.
Export to third party accounting packages (Quickbooks, Sun Systems, Navision etc).
General ledger transactions can be imported from external files.
Menu Accounts:
