Software Review of Topaz Microfinance (Version 5.0)

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

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Review of institutional fit, cost, implementation sites, and pros and cons of Topaz Microfinance software

This paper presents the review of software “Topaz Microfinance”.

The paper describes the institutional fit and highlights:

• Size;
• Budget;
• Requirement of information technology (IT) expertise;
• Functionality.

It lists the number of MFIs and countries where the software has been implemented, and mentions that product development was done in Uruguay.

The paper provides the rating of the software based on the following features:

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

It also lists the following advantages and disadvantages of the software:

• Advantages:
  • Real time processing;
  • Open architecture with development tool;
  • Multicurrency, cash management;
  • Basic credit scoring.
• Disadvantages:
  • Insufficient loan parameters;
  • Pricing not shared publicly;
  • Unsuccessful experiences with external installation partners.

The paper also highlights the region-wise installations done by the vendor. It concludes by stating the cost summary for training and programming.