GOVERNMENT LOAN SOFTWARE

Government Loan Software

The Internet, the Marshall Plan, and Mohammed Yunnus, winner of the Nobel Peace Prize for 2006, are shining examples of how government funding can advance society overall.

Virtually all governments use funding or loans in an attempt to advance the livelihood of their citizens or, in some cases, other countries. One of the keys to tracking the success or failure of these initiatives is accountability. That’s where a banking system like Portfolio Plus can help. When Mohammed Yunnus was nominated for the Nobel Peace Prize it was largely because people knew specific facts about his microloan program and how its success was indisputable. Without a system to track the specifics, Mohammed would never have been able to promote his program to the size it is today (in the billions) or be considered for the Nobel Peace Prize. It is hard to promote a new anti-poverty measure without having hard data to prove it. Mohammed had hard data. Now, thanks to his success and careful tracking, many other governments and agencies are looking at microloans as a way to help reduce poverty.

In addition to being a solid banking system in its own right, Portfolio Plus, from Strategic Information Technology (SIT) Ltd., can help you track the data you and your stakeholders require.

Portfolio Plus can be used to help fund or provide loans for:

• Agricultural development (e.g. livestock and plants)
• Electrical development (e.g. dams and transmission)
• Clean water (e.g. sanitation, wells and distribution)
• Scientific development (e.g. fundamental research and technology research)
• Medical research (e.g. disease research)
• Housing development (e.g. low cost loans to builders and aboriginal councils)
• Entrepreneur and Business Development (e.g. business loans and startup funding)

It is typical that each development loan or subsidy program often has specific items that need to be tracked over time to help provide sufficient data. This data, over time, can then be used to help optimize the program. Also, reports can be provided to stakeholders and other funding agencies if necessary.

The challenge, for many traditional banking systems, is to track data that is typically outside the scope of a banking system. As an example, for certain government or agency programs, data like race and/or religion may need to be tracked. Other data that may be needed include aboriginal status, educational background, marital status, number of children in the household, mother tongue, and more.

It is our experience that each government or development program has its own special needs and specifications. If you care to talk about your program please contact us.

In a December 2006 Executive Annual Portfolio Plus Review (attended by Angie Benetis, Vice-President of Business Solutions), of the installation at the Agricultural Development Bank (ADB), Chief Executive Officer Mrs. Jacqueline Rawlins summarized the relationship by saying: “What we have is truly a partnership with SIT (Strategic Information Technology). You did not disappear when we went live, in fact quite the contrary. After conversion not only did Portfolio Plus accommodate the existing Products & Projects the ADB offered but we were able to implement new ones to accommodate the increased budget and emphasis in the agricultural sector. The all time highlight however, occurred when we were able to provide specific demographic related information, not normally included in our reporting, which was requested by our Minister of Agriculture. Using Prospector and the data tracked we were able to provide the information on the same day. In the past this would have been impossible.”

	Give SIT a call to discuss your vision. 905-640-0808 banking@stratinfotech.com

Portfolio Plus includes modules for: loans, term deposits, investments, retail banking, point-of-sale (POS), ATM, web banking, accounting and more. Need to integrate with other banking systems? No problem. You can always utilize the advanced XML and messaging capabilities of Portfolio Plus to ensure you can bring your legacy systems into the future.