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CEN Systems and Technologies Corp. (CENTECH) was established in 2002 to support the promotion of social equity and development. CENTECH designs and develops software products for MFIs, cooperatives, banks and non-government organizations (NGOs). It also provides similar services and products for small and medium-size businesses. The products and services are intended to enable clients/partners to provide better and faster services to its customers as well as provide information support for better decision-making.
CommonCents 101 Micro Finance is CENTECH's window-based system, designed for Micro-Finance Institutions (MFIs) with Grameen and/or ASA methodologies. It is highly differentiated from a banking software because it is powered by modules and reports which facilitate and monitor group transactions but also take considerations of transactions by individual clients. It integrates the loan tracking system, the savings system, and the general ledger system. thus eliminating data-entry redundancy.
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