MusoniReleaseNotes1.32 1

Version 1.32

Release Notes

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ReleaseNotesOverviewThe Release Notes are a comprehensive overview of the new features andfunctionalityaddedaspartofMusoni’s latestrelease.Thesenotesaredesignedtogive you all the information you need to immediately understand and startbenefittingfromthenewfeatures.For each new feature, we give a high level description of the functionality, andprovideastep-by-stepwalkthrough,alongwithscreenshotsofhowtostartusingthefeature.Ifyouwould like to learnmoreaboutanynewfeature,pleasecontact theMusonisupport team on support@musonisystem.com who will be happy to answer anyquestionsyouhave.

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TableofContents

1. BulkLoanCreation 4

2. Changeinterestrateonexistingsavingsaccounts 7

3. Minimumbalanceforpayingofinterestonsavings 9

4. Abilitytoextendloantermwheninstallmentslandonanon-workingday 11

5. ShowCompanyName&AddressonReports 12

6. AbilitytoprintReceiptsforclients 13

7. ReportingUpdates 15

8. SmallerImprovementsandBugFixes 16

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1. BulkLoanCreation

Musoninowsupportsthecreationofloansformultiplemembersinthesamegroupsimultaneously. The goal of this is tomake itmuch faster to give similar loans toeveryoneinagroupatthesametime.Tostartthebulkloancreation,navigatefromthedashboardtoProducts>Loans.

Clickonthebluebuttonatthetopoftheloanpagethatreads“CreateBulkLoans”,asshowninredbelow.

Youarenowasked to select theBranch, LoanOfficer andGroup that youwish tocreate bulk loans for. Once you select the group you then are shown a list of allindividualsinthatgroup,andcanselectthoseyouwishtogivealoantobyclickingonthecheckboxtotheleftoftheirname.

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Onceyouhaveselectedthemembersinthegroupwhomyouwishtocreatealoanfor,click“Next”toselecttheloanproductthatwillbeused.Whencreatingloansinbulk,alltheindividualsneedtobegivenaloanofthesameproduct.

Click“Select”ontheloanproductyouwishtogivetoeachindividual inthegroup.Younowhavetocreatethespecific loansforeachindividual inthegroup.Youcanenter the loan amount in the “Loan Size” field, and also configure the loan term,interestrate,disbursementdateandrepaystartdateforeachclientseparately.

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Ifyouwishtoconfigureanyadditionalfields,clickontheplusshowntotherightoftheclient,showninredbelow.YouarenowgiventheoptionstoconfiguretheOriginof Funding, Repayment Frequency, Loan Officer, Loan Purpose and whether youwanttoautomaticallycreateanystandinginstructionsforthisloan.

Once you’ve entered the required information for each client that you’re giving aloanfor,clickSubmittocreatethe loans.Youwillbeshownthatthe loancreationwas successfulandall loanscanbeviewedon the“LoansPendingApproval”pagewheretheycanbeapprovedeitherindividuallyorinbulk.

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2. ChangeinterestrateonexistingsavingsaccountsInMusoniyou’renowabletoadjusttheinterestratepaidoutonsavingsaccountsthathavealreadybeencreated(previouslywhenyouchangedtheinterestrateonasavingsproductthisonlyaffectednewaccounts).Note–you’reonlyabletoadjustthe interest rate on regular savings accounts, not on Fixed Term Deposits whereinterestratebandsalreadyapply.Toadjustthe interestrateonexistingsavingsaccounts,youneedtonavigatefromthedashboardtoConfiguration>Products,andthenclickon“SavingsProducts”.

ClicktheEditiconontheproductyouwishtoadjusttheinterestratefor,asshowninredbelow.

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Navigatetothenew“InterestChart”tab,showninredbelow.Thisiswhereyoucanconfigurethenewinterestrateforyoursavingsproduct.

To configure a new interest rate for the savings product, click on the blue “AddInterest RateChart” button. Youwill be asked to enter thenew interest rate, thestartdatefromwhenthisratewillbeapplied,andtheenddatewhentheproductwill revert back to the nominal interest rate.Note – it is not possible to backdatechanges in the interest rate of a product, as interestmay have already been paidontothoseaccounts.

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Onceyou’veenteredthenewinterestrate,clickSubmitanditwillbeaddedtotheproduct.Youcanaddmultipleinterestratechartsontoaproduct,ifforexampleyouwouldliketoconfiguredifferentinterestratesfor2017,2018and2019.Note-WhenyouaddanewInterestRateChart,thenewinterestratewillapplytothewholeoftheperiodinwhichtheinterestchartstartdatefalls.Forexample,ifyouaddanewinterestrateinthemiddleofamonth,thenthenewinterestratewillbeusedforalldaysinthemonth,notjustthedaysaftertheinterestchartstartdate.

Once you’ve added the new interest rates to the product, click “Save” on theproductconfigurationtofinish.

3. MinimumbalanceforpayingofinterestonsavingsIt is nowpossible to configure aminimumbalance requiredon a savings product.Interestwillnotbeaccruedonsavingsaccountswithabalancebelowtheminimumconfigured. For example, if the minimum balance for interest is 500, a savingsaccountwithabalanceof400forthefirsthalfofthemonth,and600forthesecondhalf,willonlyaccrueinterestforthesecondhalf.To configure the minimum balance for interest you need to navigate from thedashboardtoConfiguration>Products,andthenclickon“SavingsProducts”.

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ClicktheEditiconontheproductyouwishtoaddaminimumbalanceforinterestto,asshowninredbelow.

On the “New Product” tab there is a new field that reads “Min bal.interestcalculation”,showninredbelow.Entertheminimumbalanceyouwishtobeusedforinterestcalculationforthisproduct.

Tofinish,click“Save”attheendoftheproductconfigurationandthenewminimuminterestbalancewillbeapplied.

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4. Abilitytoextendloantermwheninstallmentslandonanon-workingdayMusoninowincludesanewwayofreschedulingloaninstallmentsthatlandonnon-working days. This is most appropriate for daily loans where you would likeinstallmentstobedueoneverydayoftheweekapartfromSunday.Toconfigurethis,navigatefromtheDashboardtoConfiguration>Products,andthenclickonthe“WorkingDays”tab,showninredbelow.

Hereyoucanseethedaysoftheweekthatareconsideredtobeworkingdays,andalso the “Repayment Reschedule Type” which determines how the system willhandleinstallmentsthatlandonnon-workingdays.Toadjustthis,clickontheblue“Edit”button,showninredbelow.

Youarethenabletoadjustboththeworkingdays,andthe“RepaymentRescheduleType”,asshownbelow.

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Ifyouselect“RescheduleFutureInstallments”fromthedropdown,thenanyworkingdays inthe loanschedulewill result inthewhole loantermbeingextendedbythesamenumberofworkingdays.Forexample,ifyouconfigurea30dayloanwithdailyrepayments, but make Sunday a non-working day, then the loan term will beextendedto34days,withinstallmentsdueoneachdayapartfromSundays.

5. ShowCompanyName&AddressonReportsYou’renowabletoaddyourCompanyNameandAddressontothekeyreportsusedbyloanofficersinthefield(ordistributedtoclients):

• ClientReport• GroupReport• LoanOfficerGroupsReport• LoanSchedule• MiniStatement• FieldOfficerCollectionsReport• ExpectedRepayments(DetailedReport)

ThereportswillshowthenameandaddressthatyouhaveconfiguredforyourHeadOfficebranch,whichyoucandoinbranchconfiguration.Toadjustthis,navigatetoConfiguration>Branches and click “View” on your Head Office Branch. Enter anybranchnameandaddressthatyoulikebeforeclickingSave.

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When clicking view on the Head Office information, you can now also decidewhetheryouwould like the information tobedisplayedon the reportsby clickingthebuttonshowninredbelow.

Ifthisisselectedthenthecompanynameandaddresswillbeshownonthebottomofthereportslistedabove.

6. AbilitytoprintReceiptsforclientsYou’renowabletogeneratereceipts inMusoni forany loanrepaymentorsavingsdeposit. Todo this, from the LoanDetails page, click “View”on the repaymentordepositthathasjustbeenmade,asshowninredbelow.

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Thenclickonthe“Receipt”button.

Thesystemwillnowgeneratethereceiptthatshowscoreinformationincluding:

• BranchName• User• ClientName• ClientID• ProductName• AccountID• Date(thisshouldbesubmissiondate)• TransactionType• Reference• Amount• ClosingBalance

Anexamplereceiptisshownbelow.

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ThereceiptisdesignedtobeprintedusingreceiptprinterssuchastheEPSONT88Vor EPSON T2011. For any questions about printing the receipts please contactsupport@musonisystem.com

7. ReportingUpdates7.1NewReports–TellerTransactionsReportTheTellerTransactionsReportshowsall transactionsthathavebeenmadeonanyTeller within the time period of the users choice. The report can be found bynavigatingtoReports>FinancialReports.Asampleisshownbelow.

7.2ExistingReportchanges

• M-PESAnumberhasbeenaddedtotheOutgoingLoansReport• ClientNamehasbeenaddedtotheTopClientsReportandJournalsReport• DaysinArrearsandAmountinArrearshavebeenaddedasfieldsintheData

ExportToolfortheLoanbaseentity• RepaymentDateandAmountOutstandinghavebeenaddedasfields inthe

DataExportToolfortheLoanSchedulebaseentity• FiltersforUserandBranchwereaddedtotheAuditReport• LoanOfficerwasaddedtotheGroupBreakdownReport• WriteOffAmountwasaddedtotheLoanOfficerPerformanceReport• Final Repayment Date was added to the Loan Officer Arrears Report and

InstitutionArrearsReport

Teller Transactions

Run Date 2017-08-08 08:33:40

From Date

To Date

2017-08-01

2017-08-08

Branch Premier League

Teller Teller 1

Opening Balance

-1,700Closing Balance

-2,000

Cashier Transaction ID Transaction Type Amount Running Balance Submitted Date / Time Effective Date / Time Client Name Client ID Account ID ProductShortcode Reference

Pochettino, Mauricio S629 Deposit 300 -1,700 2017-08-03 10:39:16 2017-08-03 Harry Kane 2 000000009 VSA ok

Hillegomstraat 14Amsterdam Netherlands

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8. SmallerImprovementsandBugFixes

• MS-1038Add'FromBranch'columntoFundstransferPendingapprovalpage• MS-1110Add'alloffices'toJournalsReconciliationofficeparameter• MS-1196Separatepermissionsadd/removeclientfromeditgroup

permission• MS-1210Newtrendingdashboardgraphics• MS-1244Ausershouldnotbeabletoremoveanypre-configured(product-

level)chargesfromaloanproduct• MS-1277AllowusertomakeGroupRolefieldmandatory• MS-1288ShowStaffIDwheneditingstaffmembers• MS-1293ChangeMMToutputfileformatlabel• MS-1294ShowAttachmentwhenviewingemailcampaigns• MS-1324AbilitytolinkproductactionstoanyGLaccount• MS-1331Allowuserswhodonothavetheapprovalpermissionstoviewthe

pendingtaskslist• MS-1363AddparametertoClientReporttohidereversals• MS-1364Improvederrorhandlingforbackendjobs• MS-1389Adderrormessagewhenadjustingrepaymentforrecalculating

loans• MS-1398AddrowstoIndicatorReport• MS-1403ImproveMMTlogginginUI• MS-1404HideFullNAMEfromDataExporttool• MS-1405AdditionofMonthlyFeeoptiontosavingsaccounts• MS-1418Adjustmaker-checkertoshowmakerIDontransactionsinsteadof

checker• MS-1427Allowdifferentgraceperiodinapp• MS-1439ImproveDisbursedLoansreportperformance• MS-1445AdditionofDateRangeforJournalsonTellerModule• MS-1449Fixlinkedtosavingsbalancesnotshowingunderaccounthistory• MS-1454Addviewpermission/pagesforNOKandClientIdentifier• MS-1482DefaultDashboardGraphicslayoutimproved• MS-1505AddtransactionIdandcreatedBytodataexportentitytransactions• MS-1506Addm_group_loan_member_allocationtabletodataexportas

separateentity• MS-1507Correctinfomessageondecimalsinsavings• MS-1508Labelmadeclearerforminopeningbalanceonsavingsproducts• MS-1538Makedashboardgraphicsloadingnon-blocking• MS-1547Standardizetransactiontypeforinterestaccruals• MS-1554ReducecolumnwidthforRunningbalanceinTellerModule• MS-729Abilitytodisableauser• MS-742Remembernumberofrowsintable