Dear all,
I have come up with a DRAFT version of the FS for this functionality and have
tried to cover as many scenarios as I can taking into consideration the inputs
from Mifos 3384 and other general Mifos requirements. Here is the wiki link to
the FS
http://mifosforge.jira.com/wiki/display/MIFOS/Functional+Spec+Automatic+Application+of+Late+Payments+Penalties
I am sure this will undergo more changes based on feedback from the users. Can
you please go through the Wiki and let me know if there are changes required or
if some feature which you as an user wanted but has not been addressed ?
I do have a couple of open issues which I have marked red and also have listed
below the issues.
1) How can we adjust Penalties for loans which are closed? ( this
requirement is being requisitioned by multiple users) . Any pointers
/workarounds here will be useful.
2) Need to review the savings penalty calculations? If two consecutive
mandatory deposits are missed, do we apply one single penalty or multiple
penalties?. For loans, we have clear use cases which we can look up to from the
banking scenario but not sure for savings.
3) Batch job for penalty calculations : do we create a new batch job or
modify one of the existing batch jobs for this ?
4) How do we want to handle the minimum and maximum penalties ? Should we
have a cumulative limit on the penalties or a limit per penalty application ?
Right now I have added the cumulative case and made the use case examples for
it.
Kindly review the FS and let me your feedback so that we have comprehensive FS
for this functionality.
Thanks
Chetan
From: Ed Cable [mailto:[email protected]]
Sent: Friday, December 30, 2011 11:53 PM
To: A good place to start for users or folks new to Mifos.
Subject: [Mifos-users] Functional Requirements for Automated Penalties/Late Fees
Mifos Users,
The community is coming together in strong force. One of the oft-requested
features they are currently tackling is the need for automated late
fees/penalties.
SolDevelo will be taking on development of this feature for the next major
release, Release H. Chetan from SunGard Technology Services in India (cc'd on
this email) is going to be consolidating requirements and drafting a clear
functional specification.
There are many variations in which the MFIs assess, accrue, and collect
fees/penalties for being late so we want to build the feature to be as
comprehensive as possible while minimizing complexity.
Currently inputs are being tracked through this issue -
http://mifosforge.jira.com/browse/MIFOS-3384. We'll also have a wiki page up
soon for the functional spec.
Any users who will be using this feature, please share your processes and
requirements for assessing late penalties by commenting on the issue,
responding to this thread, or attaching a requirements document to the issue.
Thanks,
Ed
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