MOU signed for Spandana Information Management Systems between Sathguru and Spandana.

Spandana - Spoorthy Innovative Financial Services, one of the fastest growing micro finance institutions in India, has signed a memorandum of understanding with Sathguru to collaborate in development of effective Management Information System.

The MOU signed recently for design, development and implementation of Spandana Information Management Systems (SIMS) is a result of Spandana’s endeavor to develop an effective electronic portfolio tracker to facilitate decision making process relevant to its objective, growth, and outreach coupled with Sathguru’s decade long experience in providing solutions to Micro Finance Institutions.  The solution will address portfolio tracking of over one million micro credit borrowers to which Spandana currently serves, on a scalable model for catering to robust growth that Spandana has experienced in the past.

SIMS, a holistic software solution, will capture data transaction from close to 300 Spandana units across India and consolidation at their head office at Hyderabad.  The solution will be co-owned by Spandana and Sathguru