…Software designed and developed in Nigeria
IT firm Application solutions have introduced a new product called appsolute banker for microfinance and other financial institutions in Nigeria.
AppSolute Banker was developed and designed in Nigeria by a team of young, dedicated IT experts who have an interest and a passion for the growth and development of Microfinance Institutions in Nigeria.
Appsolute Banker is a rich, robust, friendly, convenient, secure and cost-effective core banking application specially designed to boost banking/business operations for Microfinance banks (MFBs) and other financial institutions (OFIs) to an enhanced and advanced level.
BusinessDay gathered that Appsolute Banker is presently the most convenient and affordable software solution built for MFBs and OFIs in terms of the cost of software/activation key, implementation and/or software maintenance services.
“With N20,000.00 (Twenty Thousand Naira only), a Microfinance institution can obtain an Appsolute Banker license/activation key and kick-off Appsolute Banker with business operations instantly. There are no application support and maintenance charges required, and no charge/fee on number of users or license renewal fee or any hidden charges,” the firm said in a statement.
“A free installation (and implementation) guide will be made available for the financial institution to go through the installation process seamlessly. However, if financial institution requests for direct services of our experts as regards software installation and/or support, this may attract a project implementation cost depending on the location of the financial institution.”
Prospective clients in Lagos, Delta and Edo States get FREE on-site installation and implementation of Appsolute Banker Core Banking Application (CBA), according to the firm.
This offer is to enable MFBs and OFIs take advantage of the rare opportunity to secure a robust Core Banking Application almost for free. This implies that an MFB/OFI can decide to purchase an Absolute Banker software license key for just one month or any amount of period (months) as desired.
Some Features of the banking solution Appsolute Banker includes that it accommodates any number of products as operated by the bank, there is SMS Alert and e-mail alert enabled for credit and debit transactions, it is integrated to global teller for direct deposit to MFB accounts from any commercial bank nationwide with real-time impact.
This means all existing commercial banks nationwide are as good as branches of Microfinance institutions on Appsolute platform.
Others are that it is integrated to switch companies to enable customers of Microfinance institutions have direct access to their accounts via ATM debit cards, it comes with the relevant CBN returns template and can generate Balance Sheet, Trial Balance, GL Accounts report, Profit and loss accounts in real time.
The software also supports single salary posting and bulk salary posting, online real-time posting of transactions from cash point using any available internet connection, fixed Asset register for automated depreciation computation thereby crediting the corresponding provision for depreciation, bulk salary posting by importing the salary schedule from excel (Soft copy) for speed and accuracy of posting.
It also supports automated clearing of cheques in the system or manual clearing of cheques, can automatically divert interest income from expired credits to interest in suspense account and customized bulk SMS to account holder(s) free bank employee payroll system.
