Oradian

Recommendation to Prospective Buyers

Comments: Awesome. Data management has been very easy. Reporting is awesome. Excellent customer service from the oradain team .

Pros:

Instafin is one of the most useful MIS systems i have ever used. Very easy to use. Very flexible reports that can easily be tailored as per the customer need.

Cons:

Personally I love everything about this App

Oradian’s Instafin

Comments: Accounting reports especially compliance with new regulations is a challenge. It would be appreciated that your highly trained people will do the template for ease in use.

Pros:

It provides real time review of bank transactions. Loan Management is one of its best features. It took the company 6 months to “go live” and was fully operational after a year.

Cons:

It would be best if Ropa Administration is integrated. Also, in terms of compliance with regulatory agencies, it would be best if Oradian already prepare a template for the financial institution especially accounting reports for ease of compliance. Lastly, it is costly.

Instafin By Oradian Review

Comments: Averagely good.

Pros:

Flexibility of use. Separate branches. Individual customer view page. Uniqueness of the customer ID. Instant update of customer status (active, in arrears). Instant review of customer balance. Downloadable loan contract per customer. Quick access to customer repayment schedule. Login audit trail.

Cons:

The use of multiple entities on the CBA.

Customer Feedback

Comments: My experienced with Oradian is very good. The staff are very nice and they accommodate all our concerns regarding the system.

Pros:

This software is user friendly. It is very easy to learn this system and we did not find it difficult to fit in to our existing policy in Operations.

Cons:

Sometimes some our our request for enhancements or additional fields are not granted or not added in the system.

CFFC Operations Review

Comments: In my 11 years of working experience in the banking and financing industry, I can say that Instafin is my preferred system to be used.

Pros:

Easy access for the end user and for an administrator. No need to deploy additional personnel for system maintenance etc. Very minimal downtime schedule. The support team of oradian is very proactive in terms of supporting and answering concerns. The field configuration or the whole administration module is easy to manage.

Cons:

No API for the Journal Entries Transactions No bulk transaction for Appy Fee Cannot delete create Branch/Organization

My Assessment

Comments: My overall experience with Oradian is Satisfactorily looking and what we where using before and the nature of our work, it really help us to track and consolidate our reports easily.

Pros:

The software is easy going, one can assess it with many or most common device we have in this part of the country, I also like the fact that is cloud base application which you can assess it anywhere.

Cons:

The full package of accounting reports and module should be updated

Alternatives Considered: Finance Solutions

Reasons for Switching to Oradian: Because of the flexibility of the product

Software Assessment

Comments: Oradian actually provides a core-banking system that is responsive to the growth of the organization

Pros:

What I like about Instafin is that ease of access is very good and the UI is very user friendly also the customer support is very good very approachable and supportive account manager.

Cons:

Since our organization is constantly evolving the system should also be flexible on any changes like fields customization, data validation and product parameters definition.

Oradian - A Different Strategy with Excellent Results

Comments: Overall, Oradian has developed an excellent product and exemplary team. The strategy they envisioned is a welcome departure from the norm resulting in value addition, knowledge sharing, commendable technical support, improved service delivery to our clients, improved oversight functions by supervisors, and much more.

Pros:

Integration with existing business processes was seamless. With Oradian, our organisation has achieved unprecedented efficiency, ease of implementation and use, and improved productivity.

Cons:

Bulk entry is not available for some transactions. The development of a bulk feature for these transactions will be a plus.

Instafin as Core Banking System

Comments: Overall, our experience with Oradian is very satisfactory. We are able to address the deficiency of real time consolidation of our financial records and reports can be customized and easily generated in the system.

Pros:

What I like about this software as compared to our inhouse software before is that transactions are consolidated real time making the transactions more transparent and readily available for review. Also, customers' due diligence can be done by reviewing the documents already uploaded in the system. For me, this would mitigate or lessen human errors in the processing of the bank's transactions.

Cons:

The viewing of documents wherein you need to download first before you can review. It would be better also if the document can be reviewed or can pop up once clicked without downloading.

360 View 24/7

Comments: Glad that with pandemic Oradian has been very accommodating on their service cost despite the difficulties we face in cleaning up the company since 5 years ago. Oradian greatly helped surface the real financial state of the company.

Pros:

That you can access data real time and check on the action of your people. You are able to track your Financial Results immediately.

Cons:

Hope the pricing be lower and variable for small clients like us doing small and micro lending plus 1 branch

Easy and manageable feature with affordable price

Comments: We can easily access the defaulted client as days.

Pros:

It can manage all activities especially banking activity

Cons:

None, i am contented with the feature which is easy to access

dynamic report

Comments: if theirs a problem about the the system and you escalate the problem the Oradian will automatically reply the email and give a solution and what is the cause of system loading

Pros:

easy to access and easy to extract report in this software

Cons:

durable easy to access and very friendly software

..

Comments: Good

Pros:

secure robust system scalable support various api integrations

Cons:

product mix configurations no in house client application

Software and Product Reviews

Comments: Actually, it all solved our problems in Accounting and Loan Management.

Pros:

Accounting and Loan Management are both very useful and easy to use. Can create own report.

Cons:

Constant messages or reminders to the clients should be integrated to the system and included in their price package.

Instafin

Pros:

The software is easy to use and a friendly to use, easy to navigate.

Cons:

The software that could be improved is the log in details especially the password.

Oradian Software

Pros:

1. It is an easy to use software. 2. Navigating through the features is very okay. 3. The Core banking aspect of this software has seen great improvement within the past year.

Cons:

There seem to be no graphical touch to the software. Also, there are certain actions that doesn't have bulk processing, like adjusting a loan for multiple client's with the savings/CS deposit balances and the likes.

Bestloan migrated with Instafin.

Pros:

Easy access and tracking of clients loan history and repayments.

Cons:

In Accounting, there is no asset management in the system.

A very user friendly and flexible system.

Pros:

It is a very user friendly system and can give all the data that you want and need in accomplishing your transactions and day-to-day deliverables.

Cons:

In terms of address selection, I think it will be a big help for the user if there is an automatic drop down list of addresses available in the system wherein it only shows the areas under the selected country, region/state, province, and municipalities.

Customer friendly but expensive

Pros:

Loan computation is customer friendly and easy to navigate

Cons:

The cost of software is somewhat quite expensive.

Product

Comments: It's been an interesting core banking application

Pros:

Very easy to use and the savings product

Cons:

the savings product is very good, the support is just ok.

Review of Instafin Software

Comments: The Instafin software has reduced paperwork for the organization, the software has ensured the timely availability of reports, and online monitoring of the performance of microfinance activities is easy. identification and correction of errors were made easier. The software is online, real-time. The software has reduced the chances of fraud, the software Manage large transactions in a seamless manner.

Pros:

The opportunity given to the Credit Officers to capture clients' data directly from the field using the android phone for me is something that really stood out for me (EFOA). Instaffin does not require a high level of education for one to use it. When the software was integrated with DEC's existing business process, it took some time but was not difficult.

Cons:

The Software appears to be costly because of the continuous devaluation of the Naira.