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Microfinance Department at United Nations Relief and Works Agency (UNRWA) Completes Multi-region Roll-out of OMNIEnterprise Microfinance Solution

July 9, 2014

TORONTO, LONDON and MUMBAI, July 9, 2014 /PRNewswire/ –

InfrasoftTech today announced that United Nations Relief and Works Agency (UNRWA)’s
Microfinance Department, has gone live on OMNIEnterprise Microfinance Solution in four
territories of its operations, automating their entire business processes, credit risk
management and financial compliance.

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The Microfinance department at UNRWA wanted a highly scalable Lending Management
solution to reengineer business processes, optimize infrastructure costs, improve credit
control, reduce multi-currency losses and seamlessly comply with financial & regulatory
guidelines. The solution was to be rolled out across four territories, namely West Bank,
Hashemite Kingdom of Jordan, Gaza and Syria.

OMNIEnterprise Microfinance Solution has helped UNRWA to manage multi-entity,
multi-currency and multi-lingual setup. It provides comprehensive functionality covering
their entire business operations – Client Management, Credit scoring & Poverty indexing,
Micro enterprise credit, Multiple Loan Types (individual, solidarity group lending,
micro-enterprise, small scale enterprise, consumer, housing, women household, youth
projects, poultry farming, making closets / furniture, support family income) Portfolio
Management, Loan Repayment tracking, Collateral Management, Collection & Recovery
including follow-ups & Legal cases, ABB with multi currency support, Remittance, PDC
handling, Source of funds tagging, General Ledger, Fixed Assets, Reconciliation, Charges
master, Reports and Centralized BOD and EOD processes.

The Microfinance department at UNRWA was able to meet all its business & technology
goals for this automation project. The project offers one of the best case study of cloud
based service delivery. The solution is managed by UNRWA Information Systems Division,
hosted in Italy and the users from all 4 regions access it over secured internet
connection.

Speaking on the occasion of the fourth region going live, Hani Cordiya, the Project
Manager stated “We are confident to achieve our stated business objectives on
implementation of InfrasoftTech’s solution; OMNIEnteprise has improved the operational
efficiency for delivering consistent, uninterrupted services in a cost effective, secure
and compliant manner. InfrasoftTech has worked with us truly like partners for the entire
duration of this project”

Ms. Jane Giacaman, Chief, Microfinance Operations at UNRWA said “It has been an
important milestone for us to achieve complete automation of our operations in these
regions. Beyond automation, the solution would help us streamline our processes. Having
established a robust core platform, we now are looking to initiatives like offering
savings products.”

OMNIEnterprise Microfinance Solution is one of the flagship products of InfrasoftTech
and has global client base with implementation in regions as diverse as LATAM, Africa,
Middle East, South Asia and S E Asia. The solution has received high recognition from
renowned agencies such as CGAP for its product functionality and implementation & support
commitments. The solution supports some of the large sites across the globe, with one of
such sites processing upwards of 500,000 transactions a day.

On the occasion, Mr. Hanuman Tripathi, Founder & Group Managing Director,
InfrasoftTech, said, “We are very glad to see that our software platform is being used by
UNRWA to better the lives of millions of people. It is an honour to have worked with a UN
agency providing technology for a socially relevant cause. We thank UNRWA in supporting us
to implement the software solution in some of the most challenging regions in the world
today”

InfrasoftTech, a specialist IT solutions & service provider in banking & financial
services space, launched its OMNIEnterprise Universal Banking Solution a few years back
and has more than 150 financial institutions using the same for full automation of
Commercial Banking, Lending, Microfinance and/or Islamic Banking in various parts of the
world. The solution has been implemented by some of the leading network MFIs such as World
Vision, Accion and MicroPlanet.

OMNIEnterprise Microfinance Solution, while developed on a banking framework, has been
designed & modeled to cater to Microfinance and Micro-banking businesses. The strategy has
worked wonders for its clients since it provides a light-weight platform and ease of
adoption but at the same time ensures the best possible features for security, accounting
standards, credit control and reporting.

InfrasoftTech has kept pace with changing market needs and launched innovative
features from time to time, such as micro-insurance, agent banking, bio-metric enabled
mobility solution, securitization, investor reporting, etc.

Learn more at; http://www.infrasofttech.com/BankingProducts.aspx

For further details please contact:

Harshada Deokar

Asst. Manager – Corporate Communications

Contact No – +91-22-6776 4000

Email: harshada.deokar@infrasofttech.com


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SOURCE InfrasoftTech


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