Ujjivan has started roll out of an upgrade to Bankers Realm.NET, a web-based microfinance solution designed with enhanced scalability, security and with increased simplicity.

Operational problems and issues faced by MFIs, such as low bandwidth, transaction volumes, database security etc. are overcome by the new software. This software is designed to operate independent of the platform.

It has a loan module fully integrated with financial accounting and also supports mobile transactions at the field level. BR.Net is based on open delivery concept. This would allow interface to third party delivery channels like ATM, SWIFT, POS, Internet Banking, etc to be more secure and robust.

Benefits

• Fast and accurate transaction posting
• Easy processing of services, thus improving customer service efficiency
• Batch processing of all group transactions, saves data entry time
• Capability to handle high volumes of transactions
• Customer data is secure, only accessible to authorized person
• Easy accessibility of customer records anywhere
• Maker- checker support for all modules, helping reduce documentation errors
• Multi OS / Multi browser support
• Low TCO, support Linux OS at client side

All regions are already on the new CBS (Core Banking Solution). The Branch roll out is in progress and is expected to be completed by December 2011. The integration of BR.Net with our Document Management System (DMS), Human Resources Information System (HRIS) and Asset Management System is also in process.