KPF was established in 1980 as an investment arm for Felda for its members and settlers respectively. This co-operative enables the citizens of Felda to own equity shares in the various Felda organizations as part of the welfare and concern of the Federal government of Malaysia.
BACKGROUND OF ENGAGEMENT
iAC is involved in the implementation of the SAP Loans (Islamic Financing) for Koperasi Permodalan Felda (KPF). The project took approximately 6 months to complete.
SCOPE & VALUE DELIVERED
Our scopes of work includes:
- The implementation involves SAP Loans Management (Islamic) where Islamic products were developed in the module
Most data on Customer and Loans are on excel. Data collection, compilation and reconciliation effort was intensive in this area.
We delivered the following value to the client:
- Customer information can now be viewed centrally and managed in a single database. This will minimise errors and duplicates
- Better management and control of customer loans in terms of collection, repayments and disbursement
- Improved cash flow monitoring as a result of the on-line financial information available from the system