Mambu 3.2 provides brand new core functionality in accounting, loan schedule creation, pre-payment collections and dozens more improvements and minor bug fixes.
End of period accounting provides a simplified alternative to real-time straight through accounting in order to more consistently mirror branch and end of day activities. Additions of new combinations of schedule calculations, payment methods and interest application methods allow for a more diverse and customizable set of loan products. An all new powerful transaction lookup engine allows you to quickly find transactions of various sizes, corresponding to different bank accounts or identify any suspicious activity during auditing. New support for postdated payments allow simpler and more accurate captures of pre-payments for organizations who cannot collect deposits.
We’ve also introduced a notifications feed into the Mambu’s homescreen, allowing all users to be aware of events at Mambu, new releases and important announcements.