Software Review of CUMIS Plus 6

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

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Software designed for credit unions

This paper is a review of the software, CUMIS Plus 6, developed by Micro Software Designs Limited. 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 more than 100 microfinance institutions (MFIs) across 9 countries.

As per the paper, the prominent advantages and disadvantages of the software are:

• Advantages:
  • Veteran in the market;
  • Presence of ATM, internet and phone banking modules;
  • Reliable and clear interface with no functional gaps.
• Disadvantages:
  • Expensive rates in comparison with its counterparts;
  • Absence of multi language interface;
  • The online help and manuals need updating.

The paper rates the software based on the following parameters:

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

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

• Licensing fee;
• Training fee;
• Maintenance;
• Programming.