Locus

Mandate Profiling

The Mandate Profiling feature allows the CU to implement the members' instructions for disbursal of, in particular, electronic funds.

Each source of incoming funds can be defined by the CU, and for each of these sources, different rules can be applied by means of a Member Profile, which determines the split of funds across the multiple account schemes.

The system is aware of the status of (multiple) loans, and can cascade the funds in a Member-determined sequence.This also includes Family Member and Group Schemes.