Octopus Micro Finance Suite (OMFS) is an open source (LGPL) Micro Finance IT software. This software is available to the community of micro finance institutions.

OCTOPUS MFS is an integrated suite allowing full management of a Micro Finance Institution: client management, accounting, contracts, reporting and risks. OCTOPUS MFS is multi-bases, multi-languages, multi-products, multi-dates, and multi-accounting.

Octopus is easy to use and allows a gain of productivity for middle and big micro finance structures: automatic edition of receipts, management of the history, automatic management of the balance sheet and result account.

What's New in This Release: [ read full changelog ]

· Hybrid fees: it's now possible to cumulate several sort of penalties (based on total amount, based on OLB, based on Overdue principal and based on overdue interest).
· The user can now be repaid in external currency.