Dolphin announces a
fully integrated EFT system and new improvements to MIC MANAGER END to END financial platform
Dolphin announces the first financial platform built for MICs that executes all financial transactions for any Canadian lending institution. MIC Manager with its latest EFT function in the Accounts Payable module provides MIC Managers full capacity to execute all MIC payments electronically to any financial institution.
The latest MIC Manager EFT update delivers a fully integrated electronic banking system throughout the entire
software for any function and any type of financial transaction. With the new EFT function, MIC Managers can now send monies to any vendor and any financial institution and receive monies from any Canadian banking system. MIC Manager has full capacity to electronically receive and send funds for payments to vendors, investors, agents and borrowers while also able maintaining the ability to receive any type of loan transaction fully integrated to a Chart of
Accounts for real-time accounting.
Shannon Dolphin CEO states,"MIC Manager software enables private funds to execute all banking electronically by removing the dependence on paper and cheques while providing a full real time accounting system. The EFT function will work with any Canadian financial institution for all types of financial transactions. This is the first time a MIC specific software can manage all electronic transactions for all
Canadian banks without any internal transaction fee or 3rd party software. We are pleased to offer this solution especially at a time when there is a need for more electronic commerce."
Dolphin's MIC Manager has been implemented for 18 years and has been built for MICs and enhanced by requests from clients and changes in the industry with new features and improvements. MIC Manager is the only End to End solution with a customizable back end
Accounting system. With the ability to send monies electronically from all functions in MIC Manager the system now includes all financial requirements in a software for MICs.
Current updates in MIC Manager include:
- EFT from the CASH module for any vendor directly from MIC Manager
- EFT for Accounts Payable to view details including show invoice posted and payment posted
- The ability to export specific Ledger details from the General Ledger to excel for audit purposes
- Arrears reports with the ability to export to PDF and excel
- Pending payments and interest outstanding report for arrears management
- Added business type (e.g. retail) to Mortgage Balance as requested during COVID
- Introduced new field for Paid out date with supporting "Estimated Paid Out List" report
- Enhanced Search
criteria by multiple criteria for theMortgage Portfolio
MIC Manager with its internal email capability and EFT function offers private lenders a complete electronic banking system to manage all required MIC transactions fully configurable and customizable for any private lender.
These are just a few of the latest updates in MIC Manager. Please contact shannon@dolphinent.com to discuss MIC Manager or discuss new developments.
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