G8 Nexum Finance replaces spreadsheets and manual processes with a secure, cloud-based platform - built specifically for Nigerian cooperatives and microfinance institutions.
Most cooperatives and MFIs in Nigeria run on Excel, notebooks, and disconnected tools. The result is costly errors, untracked defaults, and audit-season panic.
Loan schedules computed by hand - wrong interest methods, missed payments, no audit trail when errors are found later.
By the time a member is 90 days overdue, the money is gone. No early warning means no time to recover.
Who paid? Who didn't? Handwritten registers, missing entries, and no way to generate a collection report for the board.
Approved loans wait days for manual bank transfers. No batch processing, no confirmation when funds land.
Financial statements stitched from scattered spreadsheets. No ledger trail, auditors find discrepancies.
Everyone sees everything. No approval workflow, staff errors go unchecked because there is no system to enforce controls.
One platform that handles your entire cooperative or MFI operation - from member onboarding to balance sheet.
Complete member profiles with savings accounts, loan history, contribution records, bank details, and tier-based classification. Search, filter, export in seconds.
Full loan lifecycle - from application to full repayment. Flat and reducing balance methods, automatic schedules, guarantor tracking, and collateral management.
Multiple savings account types per member. Thrift contributions tracked separately from savings. Batch entry for group collections.
Batch multiple loan disbursements with maker-checker approval. Direct bank transfer via Flutterwave or Monnify, real-time status updates and SMS.
Balance sheet, cash flow, loan book, PAR analysis, branch performance, audit trail - downloadable as PDF or CSV in real time.
Role-based access with branch-level data isolation. Each staff sees only what their role permits. Every action logged, fully reversible with reason.
G8.AI is built into every part of Nexum Finance - not bolted on as an afterthought. It watches your portfolio so you don't have to.
Flags members at risk of defaulting 30 days before it happens - based on payment history and savings trends.
AI scores each application before approval. Know the default risk before you disburse, not after.
Ranks your overdue loans by expected recovery value. Loan officers call the right members first.
Catches unusual patterns - high reversal rates, back-to-back loans, large outlier transactions - before they become problems.
Predicts which members will miss next month's contribution, so your secretary can follow up before due date.
Staff ask in plain language - "How is reducing balance calculated?" or "Which loans are overdue?" - and get instant answers.
See the difference G8 Nexum Finance makes in day-to-day operations.
| Situation | Without G8 Nexum Finance | With G8 Nexum Finance |
|---|---|---|
| Loan Interest | ✕ Calculated manually, errors common | ✓ Auto-generated schedule at application |
| Defaults | ✕ Discovered at 90+ days overdue | ✓ AI flags risk 30 days early |
| Disbursement | ✕ Manual transfers, 2-3 day delay | ✓ Batch transfer in minutes via Flutterwave |
| Contributions | ✕ Handwritten register, no reports | ✓ Batch digital entry, instant collection report |
| Audit Trail | ✕ Edits invisible, no accountability | ✓ Every action logged with timestamp and user |
| Balance Sheet | ✕ Compiled manually at year end | ✓ Real-time, as at any date, PDF ready |
Choose what works for your budget. One-time payment options available. No hidden fees.
Need a different combination? Contact our sales team for a custom quote.
We handle the full migration. Your team is trained, you go live without disruption.
30-min call to understand your current setup, member count, specific needs.
We configure your organisation, branches, products, user accounts in 3 days.
Member records, active loan balances, savings data migrated from your current system.
Role-specific training sessions for tellers, loan officers, managers. Help centre included.
Full cutover with our team on standby for the first 30 days post-launch.