Credit-only microfinance start-up Premier Credit Limited has expanded rapidly. By automating its business intelligence and financial reporting, BankBI has helped Premier manage strategic growth and support decision-making using analytics.
Premier Credit Limited was established in Kenya in 2013 and now, less than three years later, has over 35,000 clients, spread across Kenya, Uganda and Tanzania. Such rapid growth has its challenges, and Premier was increasingly struggling to maintain performance visibility across its multiple operations and to produce timely, accurate month-end reporting with Excel. The business also needed a smart and easy way to perform historical trend analysis to enable the team to pinpoint future sweet spots to focus upon.
As a busy startup, the MFI had neither the time nor the financial resources to employ external consultants, nor additional IT staff and get them up to speed with their business.
We were able to implement our BankBI financial performance and banking performance applications by integrating with Premier’s existing Mambu core banking systems using the Mambu APIs. This has enabled Premier to automate the calculation of their key financial performance ratios, loan yields, portfolio growth and revenue analysis.
Since partnering with BankBI for financial performance and banking performance analytics, Premier now enjoy daily financial analysis, timely month-end reporting packs, both in PDF format and via interactive dashboards enabling drilldown analysis within the BankBI applications.
To find out how Premier Credit took advantage of our Financial Performance and Banking Performance applications to overcome the challenges arising from its quick growth, download our case study.