PRISMA SYSTEMS
SAVCO SACCO
Software
What is SAVCO?
SAVCO® is a complete
integrated software that has
all the essential components
to manage and run a savings
and credit organisation
It is an easily learned system that runs on
Microsoft Windows 2000, 2003 server, XP,
VISTA, 2008 server and any newer versions.
SAVCO System Main Features
SAVCO
System
Customer
Linkable to
ATMs
Customer Banking
FOSA
Ledger
Accounting
Integrity
and
Security
Loan and
Savings
Designs
Reports &
Querying
Loan
Processing
Member Transactions
Member
Details
What Do You Get From SAVCO?
•Accurate & Timely Reports
•Members/Customers & Transactions
•Balances, Statements etc
•History as far Back as Possible
•Ledger & Cash Book
•All General Ledger Reports
•Reconciliations to Banks
What is SAVCO Capacity?
•Unlimited Members & Customers
•Depends on the Database
•Supports Multiple Databases
•Oracle, IBM DB2 & MS Access
•Security on Database & Users
•Users are Grouped into Roles
•Unlimited Users in the Networks
SAVCO Demo Will Show
•Reports Samples
•Member Details & Transactions
•Loan Process
•Ledger Book - Integrated
•FOSA – Customers
•Teller & Back Office Activities
Reports – Standard, Members & Customers
Member Driven
Customer DrivenTeller Driven
Standard Reports
Reports – Samples
Next few slides show examples
on available reports
Content displayed depends on
organization parameters, setups
and structure
Reports – Balance Worksheet
The account tabulated differ from organization to organization
Reports – Member Statement Sample
Several Statements types available capturing unlimited history
Reports – Income & Expenditure Sample
Reports – Loan/Share Balances Sample
Reports – Balance Sheet Sample
Only the first part of the balance sheet shown on this slide
Reports - Bar Chart Example
Reports – Pie Chart Example
Vast Array of Unlimited Reports
Reports – Graph Example
Customer Account Balances
Available at any moment and always up to date
Reports – Summary
•No limit on reports that can be supported
•Reports can be exported to Word, Excel, PDF, etc
•Over 220 standard reports on a single installation
•Reports menus customized to include what you want
•During Implementation
•Can have own reports developed without charge
•Can fit reports to special printers without charge
•Can train on how to create/modify reports
•During Use
•New Reports can be sent Via Mail
•Reports can be customized and replaced
Member Master Details
Next of Kin and other details are entered on other tab panels
Members Associated to A Group
•Members Can
•Use Saving Products (Shares)
•Loan Products
•Can Guarantee Within Own Group
•FOSA Members
•Group can be
•Stopped from taking a Loan.
•FOSA Member
Member Transactions
•Manual and Multiple Data Entries
•Recurrent to Save Re-Keying
•Imports From Excel, Texts
Member Transactions
•Includes
•Saving Products (Shares)
•Loan Products
•Non Cumulative Payments
•Processing options includes
•Automatic Share, Loan and
Contribution Distribution
•Direct Loan, Share & etc Allocation
Member Transactions - Deliverables
•Reports
•Member Statements
•Management Reports
•Others
•Processing
•Automatic Ledger Summaries
•Data Imports and Exports
Member Transactions – Calculates Dividends
•Can be Recalculated Several Times Till Accepted.
•Can be Printed (or Saved as Word, Excel or PDF )
•Can be Posted Directly to Members on Selected Account
Loan Processing Flow
Entered
Into
SAVCO
Printed
Copy Sent
to Loan
Committee
Loan
Committee
Approves
or Rejects
Loan
Approved
in SAVCO
by Loan
Officer
Loan
Applicant
Advised
Loan
Application
Enters
Monthly
Check off
Loan
Appraisal
Loan Processing Details
•No Limit to Loan Products
•No Limit to Loans a Member can Get as Long as
within policy.
• Interest can be Changed at Loan Level.
•Loan Repayment can be Delayed.
•Loan Periodical Repayment can be Adjusted
•Loan can be paid off at any moment.
•Insufficient Loan Repayment can Earns
Automatic Penalty.
Loan Application
Loan Amortization
•Depends on Interest Method
•Original Amortization Available Always
•Can be Copy Pasted to Excel
Loan Processing - Controls Available
Includes
•Controlling Guarantors.
•Loan to Share Ratio.
•Controlling Approvers.
•Approving Through Loan Appraisals
•Maximum and Minimum Amounts and
Repayment Periods
•And many others.
Loan Appraisal
Loan Appraisal Report
Ledger & Cash Book Menu
Fully Customizable Chart of
Accounts
Ledger entries are entered in
journal format or
Account Transaction option can
be used where debits/credits of
a particular account are
followed e.g. Cash in hand
Transaction can be imported
from Excel
Reconciliation on Bank Account
is available and shows the
current cash position based on
all transactions.
Ledger Entries – Controls Balances
Account Budgets
Customer Banking – FOSA Schematic ViewSACCO
Member
Paying for Services
Balanced Book Keeping
Customer
Accounts
Activities
Savings &
Withdrawals
Cheques/Cash
Ledger
Processing
Manual/Imports
Service Register
Available in
SAVCO
SAVCO
Teller
Customers – Names & Details
Signature/passport photos
can be added and used by
tellers for identifications
FOSA - Highlights
•Includes Members and NON Members
•NON Members may be guaranteed by a Member.
•Member can open several accounts.
•FOSA can be used to service SACCO Loans.
You Design Saving Products and each product can have
•Multiple controls and operating conditions.
•Minimum and Maximum Withdrawal in one Transaction .
•Activity Based Charges e.g. Withdrawing, Deposit etc
•Multiple Services attached to it - e.g. Cheque Clearance,
Bank Orders, Bill services and etc.
Teller Activities – Cash Withdrawal
Teller Activities – Can Refuse Withdrawals
There are very many controls that can be attached to FOSA
products and one of them is denying withdrawal for some reasons.
Teller Services
You design your own services and add commissions, charges
and rates. This is then attached to a FOSA product.
Saving Interest
•Interest is Calculated Quarterly Based on a
Selected Minimum Balance.
•IT can be Recalculated till Accepted
•IT is Dependent on the Saving Type.
•IT can be Based on Maximum, Minimum or
Average Balance
•IT can be Posted Directly to Member Accounts
Implementation
IMPLEMENTATION PLAN
INSTALLATIONS
DATA LOAD
TRAINING
LIVE USE
OWN SUPPORT
SUPPORT AGREEMENT
Implementation Tasks
•Data Loading for Big and Small Databases
•Import from Excel wherever Possible
•Training
• On Site Training On Own Data.
•Software Installation
•Client PCs and Database on Server
•Free Oracle 10g Express Server for members
between 1000 and 3000
•Free IBM DB2 C9X for members over 3000 to 20000
•Can purchase licences for Oracle & DB2 if over 15000
•Maintenance & Support Agreement (Optional)
Cost Breakdown
Description Money
Installation/Setup & Initial
Data Loading
Based on Size
Computers and Hardware
(Network, Printers etc)
Customer Sourced
Software Products Base Price
Expenses & Miscellaneous Based on Location &
Size
Totals $$$$$$$$
THE END
SAVCO System Presentation