technology readiness, mis for business expansion
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/1.jpg)
Technology Readiness, MIS for Business
Expansion
Reji Varghese AVP – IT Consulting ,
BASIX
![Page 2: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/2.jpg)
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
![Page 3: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/3.jpg)
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-DocumentsSMS based tracking Central Database and data processing at central
place Now moved into Core Banking System
![Page 4: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/4.jpg)
Success Stories in MFI’s/NGOs BASIX
MIS systems were developed from the day one Well structured systems are in placeGood portfolio tracking and monitoring systems 1 million credit customers and 2 million Insurance
transactions are processed in a month½ 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
![Page 5: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/5.jpg)
Thus, Technology initiatives are best
investment decision rather being
considered as cost center….
![Page 6: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/6.jpg)
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 parametersTo Strengthen financial performance Pinpoint those areas which require immediate
attention Increase the efficiency of Human Resources Motivate field staff and to create healthy
competition
![Page 7: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/7.jpg)
Key elements of a better MIS100% Automation of all business/functional
areasIntegrity 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
![Page 8: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/8.jpg)
System should have Critical Information requirements of various stake holders such as Field staff operations info. Management Reporting Statutory requirementsFunding agencies reporting Customer MISService Delivery Internal Controls
![Page 9: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/9.jpg)
Field staff information..
Loans appraised/sanctioned Vs disbursement particulars
Day wise collection statementsLoans overdue reportsPortfolio Performance Reports
![Page 10: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/10.jpg)
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’sRepayment %Principal At Risk (PAR)Non Performance Assets (NPA)Aging Analysis of Overdue Financial Ratios
![Page 11: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/11.jpg)
Financial Accounting Savings/Cash Security Particulars Financial Accounting Statements
Borrower/Member Sub-ledgers and balances
Secured/Unsecured loan portfolio detailsIncome (Interest earned on loans)
particularsTrial Balance , P & L, Balance Sheet etc.
![Page 12: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/12.jpg)
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 fieldTo reduce the transaction costAutomate until the last mile of the financial
transactionTo facilitate better interaction with the customer Reduce human errors
![Page 13: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/13.jpg)
![Page 14: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/14.jpg)
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 optionsOpen source solutions are available It is better to use mobile/HHD devices to automate field
transactions
![Page 15: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/15.jpg)
Key Learning's Recruitment of cross domain (IT and Functional)
specialists for managing ICT projects is always usefulIT together with Institutional Support is mandatorySelection of Technology and IT partner Adopt IT as a strategy and align with business needsBe practical in your thinking and have patience
during implementation and stabilization of system An MIS will not meet all the flexibility hoped forGood Project management and documentation
practice Involvement of all user groups in system
development/Implementation Continuous training to the end user
![Page 16: Technology Readiness, MIS for Business Expansion](https://reader036.vdocument.in/reader036/viewer/2022062816/56815dd8550346895dcc01fc/html5/thumbnails/16.jpg)
Assess your IT needs Initiate the process Acquire good IT Solutions Adopt IT in your business Make your life simple ..
Suggestions to the sector, out of experience..