Octopus Micro Finance Suite

Octopus Micro Finance Suite is an application designed to simplify the work of accountants by providing them with a wide variety of useful tools that they can rely on. Since it works with SQL servers, it requires an SQL server setup that it can connect to in order to run properly.

This application might prove to be useful for microfinance institutions, as it features numerous utilities that can help its users organize and keep track of various information. Among its features, users can find client, loan, accounting and savings management tools.

The client management tool supports handling four different types of client, including individual, group, corporate and village bank. It can automatically identify entries and remove or overwrite duplicate entries, depending on the situation. Users can assign photos to each client's profile, thus facilitating the identification process.

The loan management allows users to calculate interest in different manners and provides numerous other useful features. It is possible to schedule and manage payments, set interest rates, define installment fees, configure holiday and weekend days, if needed.

Aside from the functions described above, Octopus Micro Finance Suite also allows you to generate reports and packs various security-related options. For instance, users can benefit from password-protected unique access, customizable transaction limits, role-based control access and audit logs.

Reports can be either printed if users prefer keeping them as hard copies, or exported to a wide variety of formats, including DOC, DOCX, XLS or PDF, for future reference. This feature allows users to organize and keep track of a wide spectrum of information in a convenient manner, without having to access each corresponding function every time.