Software Review of CUBIS 2005

Publication Date: 2005
Published by: CGAP Technology Resource Center
Document Type: Paper (PDF)

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Ideal software for microfinance institutions adopting the individual lending methodology

This paper is a review of the software, CUBIS 2005, developed by Fern Computer Services Ltd. It describes the main features of the software including:

• Size of institutions it can cater to;
• Budget for acquiring it;
• Ease of use;
• Basic financial services it can provide.

The paper highlights the fact that the software has been implemented in 13 microfinance institutions (MFIs) across 10 countries.

It then lists the prominent advantages and disadvantages of the software as:

• Advantages:
  • Is a veteran in the market and is experiencing dynamic growth;
  • Integrates with accounting packages and MS office;
  • Includes internet banking module;
  • Satisfies remote users.
• Disadvantages:
  • Existence of functional gaps including lack of - Real multi currency management; ability to link two borrowers; report generator; donor fund management system;
  • Absence of multi language interface;
  • Basic accounting model.

The paper rates the software based on the following parameters:

• Functionality;
• Ease of use;
• Management reporting;
• Services;
• Technical capabilities.

Finally, it describes the installation of software by regions and concludes by providing the cost summary including:

• Licensing fee;
• Training fee;
• Programming;
• Internet banking module.