Product Overview

An Open Source platform for Micro Finance www.octopusnetwork.org

Agenda
Product description
Know Your Customer
Loan Tracking
Accounting
Reporting
What differentiates Octopus:
Open source model
Development process

Octopus is an MIS for Microfinance Institutions Manage your information in a secured environment Available feature Work on progress

Welcome to Octopus
Direct view of all crucial information
Cash on hand balance, Alerts of pending contracts…
Easy access to main actions
Users & Groups, Credit Contracts, Collection Sheet…
Search anywhere
Alerts, Clients, Contracts

Know Your Customer Module
Extensive customer information for :
Individuals
Solidary Groups
Non-solidary Groups
Corporate clients

Loan Tracking
Unlimited number of flexible products
Guided loan creation
Alerts (today’s repayments, late loans etc…)
Easy Disbursement and Reimbursements with authorization levels
Automated printout of contracts and receipts

Savings products
Flexible products :
Current account
Savings account
Guided savings account creation
Automatic interests calculation:
Daily/weekly/monthlty on actual/minimum balance
Enf of day/week/month/quarter/year posting

Accounting
Double entry accounting module IFRS-compliant
Real time balances and forecasts
Automated booking of transactions
Guided end of periods closing with provisioning and loans write-off
Flexible configuration
Chart of account, accrual
/cash method for incomes,
multi-currency ..
Automatic export to an external application

Reporting
50 standard reports by default
Active Loans
Client Analysis
Delinquent loans
Disbursements & reimbursements
Customers retention
OLB per loan
PAR analysis
Loan Officers’ performance
…
Consolidation reports
Custom reports
Continuously posted by the Community and downloadable from the software

Consolidation
Easy consolidation of all branches data
Monitor global activity
Historical trend analysis

Octopus ONline
Octopus also exists as a Service
You can access your data from anywhere with a good internet connection
Visit online.octopusnetwork.org

Multi…
Multi user
Users are connected to the same database using a local network
Multi language
Today : English, French, Russian, Tajik, Kyrgyz & Arab
Additional languages can be added
Multi level
Consolidation allows you to centralize data at different levels
Ex: Central, Regional, Local
Multi currency
You can manage a portfolio in an internal currency (e.g. USD) and deal with your customer in their local money

Agenda
Product description
Know Your Customer
Loan Tracking
Accounting
Reporting
What differentiates Octopus:
Open source model
Development process

MFIs are challenged with their MIS
Many MFIs are using spreadsheet or manual systems:
That is free
They can control the tool
But it becomes quickly a clear limitation for growth:
Errors
Difficult reporting
Frauds
Etc..
Excel (2005) Flexible Secured & automated © Octopus Microfinance 2009 Excel (2006)

MFIs are challenged with their MIS
The available software are often unsatisfactory:
Expensive :
License
Technical assistance (often done remotely)
Not agile/adaptable:
When new features are needed, it takes a long time before it can eventually be integrated
$ Flexible Excel (2006) Secured & automated © Octopus Microfinance 2009 MIS (2007)

An Open source model to mitigate the challenges faced by MFIs.. Adaptability © Octopus Microfinance 2009 Costs

Why Open Source ? costs value Procurement -led : the user is a customer (1960-2000) t value costs Adoption -led : the user becomes a customer (2000+) t Test alone Deploy with an expert Innovate with another expert RFP, MIS in-a-box maintenance, new licenses

Open Source business model
We provide Octopus for free
Latest release and documentation available at www.octopusnetwork.org
You pay for assistance and share development costs if you want
You can choose your IT partner : internal staff, local resources in the Octopus community, or the Octopus Microfinance company based in Paris
Your business can continue even if one of the partner disappears
You can access and change the source code
Nothing is secret, you can fully trust the software

Octopus Community in Jan. 2009 Paris Brussels Dakar Bishkek Dusbanbe Delhi Colombo Accra Choose your partner !

Flexibility vs. Security Versatility / Flexibility Security MS Excel Classical M IS $$$ Besoins pendant la période de structuration
© OCTO Technology 2008
$$$

How Octopus compares to other MIS
You change & improve, we change & improve
Most MIS are difficult to adapt to your evolving business, have high prices (software and services) and low usability (high training costs, weak productivity)
Requiring workarounds or additional systems
Leaving customers in painful migrations when upgrading to a new version
Octopus is released every month with new features and an automatic update mechanism
Upgrade by yourself, without being an IT expert

A product, but also a process Listen, there are two many customer duplicates in the system, Octopus should check if a customer already exists … Demand#233 : Check customer duplicate When a customer is entered, a dialog … Development Automatic Testing Easy Upgrade Need Assessment Demand

Benefits
Freedom
MFIs buy what they need, when they need it, and from whom they want
Community
It’s easy to step into the community and contribute : one translation, one paragraph in the documentation, one new feature, one piece of code, one end-user support …
Continuous Improvement
The software improves with its community
Octopus IT specialists are also skilled in “soft techniques” : focus on the value of IT (lean management) and change management

Our goal
Increase financial services affordability for the poorest
By creating autonomy among Octopus users
Octopus is a software by the people, not only for the people
It can streamline innovation inside MFIs: reduce operation costs, allow to tap new markets, secure the activity …
.. via a world wide community of practitioners in Agile and Lean techniques
More than Open Source product , we lead a continuous improvement process , engaging MFIs and IT specialists

http://www.octopusnetwork.org	1866
http://microfinancehub.com	417
http://community.octopusnetwork.org	87
http://www.slideshare.net	11
http://translate.googleusercontent.com	2
http://74.125.19.132	1
http://www.octopusnetwork.org.	1

Product Overview

by vincent.biot

Accessibility

Categories

Upload Details

Usage Rights

7 Embeds 2,385

Statistics

Product Overview Presentation Transcript