E-Horizon Front Office Services Activities (FOSA):

The e-Horizon FOSA is a semi-banking application providing savings, fixed and call deposits accounts services to its members. Also offers advances which can be viewed as small unsecured loans at low interest rates. The application credits salaries and/or periodic agricultural payments received from respective employees / institutions to the appropriate accounts. The e-horizon FOSA differs from normal banks as it does not offer current accounts, securities, secured loans, external cheque clearing or foreign exchange transactions. It was created to:

• Cater for small depositors who could not maintain the high minimum balance required by banks.
• Provide basic banking services in areas where banks are not available.
• Provide small, low interest, unsecured loans to its members.

The key features of the FOSA include:

• The FOSA setup.
• Customer set-up.
• Start of Day operation.
• Savings accounts.
• Fixed deposit accounts.
• Call deposit accounts.
• Advance accounts.
• Treasury activities.
• Integration with SACCO BOSA applications.

Other key features include:

• Backup and restore.
• Audit trail.
• Integration with the general ledger.

Contact Details
For more information on this management system, please contact us either by telephone on 7122971/2/3, or by email at marketing@stl-horizon.com