Vinayak, Can you please elaborate on the business use case you are trying to support ?
While the approach you describe is certainly feasible, you would likely run into a number of issues with reconciliation depending on how the other loan management systems are used. Based on the kind of financial institutions whose data is tracked in the other LMS and the process they follow you might run into issues ranging from exotic products whose calculations you might not be able to match a 100% in Mifos to cascading effects around editing/ adding backdated transactions causing mismatches around appropriation of payments across different systems. IMO, if all you are trying to do is to get a consolidated view of loan portfolios across different systems and running an accounting process on top of them, skipping the need to reprocesses all transactions again in what is effectively a “Data warehouse” should simplify the process. Regards, Vishwas > On Apr 16, 2020, at 4:01 PM, Vinayak Javaly <[email protected]> wrote: > > Hello all. I hope this email finds you all well. > > I'm looking for general advice. > > I'm building a new system that will aggregate loan information from several > different Loan Management Systems. Some of these systems may be from other > LMS vendors (e.g. Mambu, LendFoundry). I'm planning to use Fineract as the > core LMS in my new system. Here's my planned workflow: > Each LMS will periodically send loan product, loan, repayment, etc. info in a > standardized format > Our system will receive each LMS' data and input it into Fineract > We're planning on performing the loan accounting for these loans in Fineract, > AND have a periodic reconciliation process with the source LMS' > My questions: > Is this a good idea? Does this seem feasible? > Do you see any major or minor issues with this plan? > Thank you in advance. > > Stay safe. > > Vinayak
