Pride Microfinance Soars to Digital Banking Heights with Neptune's Orbit-R Banking System!

Pride Microfinance is a customer-centric institution that derives its success through provision of financial solutions that meet and exceed customer expectations. Pride is committed to maintaining this culture through continuous innovation, incorporating customer feedback in our operational decisions and ensuring that pride staff live by the Institution's core values. 

NEPTUNE SOFTWARE GROUP

Neptune Software Group operates in a global business environment. We manage large amounts of digital data while adapting to new market scenarios and doing our best to comply with the regulations that are constantly enforced. We welcome challenges while dealing with the risk of fraud. With growing business, we have simultaneously paid a lot of attention to the significant reputational harm such activities can cause. It is from this quintessence that Orbit-R was produced.

Orbit-R

Orbit-R is a Multi-Tier architecture solution, from Neptune, that caters to a wide spectrum of Micro-Finance operations, including diverse lending methodologies & institutional models, interest calculation & repayment schedules. The Orbit-R, caters to the Micro-Finance activities of various types/ sizes of MFls, Rural Banks and Non-Bank Financial companies. Orbit-R blends Financial accounting with member accounting, loan management and socio-economic information. The seamless integration between modules and consistent user-interface makes it very easy to use.

Benefits Experienced by the Customer after implementation of Orbit-R

Fast End of Month:

Orbir-R EOM process is shorter than that of legacy system Salary.

Payment Process:

Salary is processed through one batch file involving all Pride staff loans & Advance repayments, PAYE, NSSD, Tax, SAYE etc. deductions Net salary & Benefits.

Fully centralized:

Customer records can be accessed from any other branch, and pride products and services can be offered to the same client ID from any Pride branch.

Improved Controls:

Credit controls, Audit Trailing, Supervision etc.

Standing\Sweeping Orders Automation:

Easy creation of standing and sweeping orders with easier and broader functional.

 

System Flexibility and Agility:
Agility in pricing, product parameterization (Product wise, branch wise, customer level & account level).

System Stability:

No system hangs due to increased usage especially during evenings as was the case with Bankers Realm.

New Modules:

Additional system modules, i.e. Treasury, ERP, Business Intelligence, Document Management, Orbit lite, Automated ATM card exportation.

 

Customer Categorization:

Customer segmentation, access security, pricing and product specification.

 

Centralized Web Architecture:

Easier administration, patching.

Real-time Portfolio Monitoring & GL balancing:

Half hourly loan recovery processes that give a real-time picture of portfolio performance (tracking of arrears). And Real-time GL Posting without first waiting for the EOD process.

Business Challenge:

Pride has got a unique complicated Lending Methodology which wasn't existent in the Orbit-R. The System was however enhanced to achieve this requirement.

www.neptunesoftwaregroup.com