Locus

Budgeting

This module, which integrates tightly into Core, Mandate Profiling and Bill Payments, allows the users to offer a FULL budgeting facility to their members.

Specifically, it allows the member to perform a 'MABS'-like function whereby members can bring in their bills, and predict their expenditures for the following year.The computer will then build in a contingency, and work out the amount which should be paid back over the one-year term.

The CU can charge for this service by permitting 'overdrawn' balances, (like a loan), a set amount for the service itself, and so much per transaction.