Finflux

Pros

1. Highly configurable.2. Good UI3. Data accessibility is well defined through API's and DB calls.4. Manages the compliance part for user Management, Accounting and trails.

Cons

Nothing as such... I didn't find anyshortfall.

Alternatives Considered

Reasons for Switching to Finflux

Pros

The overall functionality of Finflux delivers a stable and efficient environment.
During the implementation i didn't find difficulties during migration nor implementation of the system

Users never had any complains about the easiness of flow while working and using Finflux on a daily basis
So as an overall we are satisfied with what Finflux provides as services

Cons

The UI is kind of standard with its design, so a little improvement with the design would be a good touch.
There are some challenges with the bulk transaction usability in the system. especially for MFIs who import daily bulk transactions like al Majmoua.

The system lacks proper documentation. Sometimes when a version is released you have to find your way in understanding how some features work.
The configuration part of the system also needs detailed documentation to be more understandable. Along some documentation about database optimization for large institutions would be good too

Pros

easy to use and navigate for standard users, everything in one place (operations and accounting), flexibility to include new/customized reports

Cons

sometime too standard (meaning a lot of work around for adjusting to non-standard loan products); sometimes inflexible for requirements (software made for SHG and JLG approach in India becomes often visible); better customization options would be appreciated; MIFOS lacks behind with features like offline / app / sms functions etc and it long delays in developing them; many troubleshooting is required and we have to scale up issues to the service team nearly weekly

Pros

- Fast implementation
- Cloud-based on reliable servers
- we receive customer supports withing 24 hours.
- When we mess with something they don't find fault they find a remedy.
- Always available customer service (Sometimes we get supports even late night.)
- Lots of Features & Functionalities
- Monthy updates and enhancements to the system.
- If you ask them to walk with you 1 km, they will come with you 2 or more Km. That's how they win trust.
- Affordable

Cons

- Some functions (2 or 3)need more localization specially CRIB and other interrogations. But we have a great hope this also will available soon.

Pros

I really like to say FiNFLUX solving difficult problems for Core banking salutations , building the perfect elegant solution. Management can focus on their core Business rather than operational function issues. can reduce Operational cost for using FiNFLUX.

It is user friendly very easy to use staff are more happy to use and their productivity and efficiency increased.

Cons

Need to improve new functions like Internal Audit tool etc