IBM hearts MFIs
by Hannah Siedek: Tuesday, February 5, 2008
Around 45% of existing microfinance institutions still track and record their operations and accounting in excel sheets or even completely manually. This costs a massive amount of time and resources, leaves room for error, prevents them from growing quickly, and undermines their ability to manage risk. Especially for smaller institutions the relative investment and maintenance cost is enormous compared to their size and operations.
How about completely outsourcing information systems (IS) to an external technology provider, so that the MFI can focus on its main business: handling client relationships and providing financial services? Read the rest of this page »
