Our Solution for Microfinance & NBFCs
Every rupee meant for the bottom of the pyramid sector should reach the right people and accounted for and not fall between the creeks, Beacon helps achieve that.
Bundled with the Maker & Checker concept and comprehensive reporting features, this core module helps Microfinance companies manage & monitor their group loans efficiently.
This module is designed to improve customer service and features include loan application processing and approval, document preparation, insurance calculations, collections (both PDC & ECS) and reporting.
Packed with friendly features like KYC document capture this tab app helps the Field Officers to quickly source members for loan processing.
Field surveys done to identify areas and associated pin codes for the MFI operations can be captured. Member audit can also be done to weed out fake members.
An eco-friendly Mobile App to reduce your carbon print and increase productivity, this feature-rich app also helps avoid misappropriation of funds.
To check the creditworthiness of members, Beacon can be integrated with the Credit Bureau of your choice, like Equifax or HighMark
The Lender Liability module monitors the fundraising and repayment activities of the MFI. Features include Asset pooling and Liability Tranching along with Repayment Scheduling
No more traveling to the branches to know about the business. The Real time tracking gives a bird’s eye view of the business; wherever you are.
Intelligent dashboards to quickly get the broader picture about the MFI and comprehensive reports to help management analyze the activities of the organization.
The e-KYC facilitates completion of KYC process online eliminating the need for filling up physical forms and submission of physical documents.
This feature enable the member to pay their EMI without physical cash. Member card will authentication by OTP.
Loan disbursement can be done either NEFT / Cheque. Customer bank information will captured while enrollment and allowed to modify before disbursement.
Securitization is the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming them into a security.
Manage your assets across geography and have traceability of owner, value and movement.
Integration of critical transactions using SMS and E mail makes communication easier and timely.
LAKHS BORROWERS
BUSINESS USERS
INSTALLATIONS PAN INDIA
YEARS OF MFI EXPERTISE
The Mobile App integrates seamlessly with your MFI System, digitalizing the core processes carried out from Branches.
The app can be used in both online and offline mode, enabling field officers to work in remote areas with limited connectivity.
Using the app improves the efficiency of operations, reduces field officer dependency on branches, and ensures members of the branch & management teams have more information in real time.
Complete eco-friendly mobile solution that enables MFIs to collect data straight from the field, thereby increasing productivity & accuracy and also help avoid misappropriation of cash.
Core FeaturesImproves Operational efficiencies through rigorous workflow solutions
Specifically adapted to microfinance banks, savings & credit unions, village banks, local & community banks, NGOs & Microcredit projects
Highly configurable providing that much-needed flexibility to innovate and adapt to a dynamic environment
Beacon uses cutting-edge technology to deliver a secured and robust solution leveraging cloud architecture
Please fill out the below form and we will get in touch with you