Why Microfinance Software is Getting More Popular
The need for an integrated information system to address a variety of challenges, including the need to expand their services, enhance and develop their products and services, deal with increased competition, update and improve their business processes and procedures, and ensure high service quality, among others. The fact that MFIs are non-profits adds to their appeal. All of the on above issues can be overcome by having an integrated information system that supports all microfinance software activities throughout their life cycle, from planning to implementation. Microfinance software systems are a strategic instrument for the institution since they will assist it in achieving its objectives and give the tools necessary to improve its performance. Projects can also be supported by a single or numerous contributors through their Master Accounts, which can be seen on a monthly, quarterly, or yearly basis. Managing your day-to-day finances and operations is becoming increasingly