Vino Banking is designed specifically for Microfinance institutions and banks who seek a MIS one solution to help increase productivity and profitability. It provides a single fully integrated solution that provides you with deposit and withdrawal tracking through a complete branch banking module, detailed analysis of client profiles e.t.c Vino Banking competence and flexibility has made it a base for other banking Softwares in Nigeria. With the Vino banking background, other banking software which includes MacroFlex, Orange + and eTrak MicroFinance Banking System was created.
Vino Banking However still reserves the copyright of being the ‘parent’ and most comprehensive software for any other software created with it. The Latest version 20 called the Vino Banking Pro has enormous improvement in its features to make your bank’s operations, activities and reporting much more easier and fulfilling all expectations.
The Vino Banking Pro is the first indigenous Microfinance banking software in the country to comply with all IFRS and IAS reporting and financial standards. This Version complies fully with all reporting and financial standards that implies to the banking industry according to the International Financial Reporting Standards (IFRS) which are the IFRS 1, IFRS 2, IFRS 5, IFRS 7, IFRS 9, IFRS 10, IFRS 11 – For banks with more than one office location, IFRS 12 and IFRS 13. Vino Banking also complies fully with the International Accounting Standards (IAS) standards for the banking industry which are the IAS 1, IAS 7, IAS 8, IAS 10, IAS 12, IAS 16 – 21, IAS 23, IAS 26, IAS 27, IAS 32 – 34 and IAS 37 – 40.
Summarily, these reporting standards completely restructures your bank’s chart of account, Profit and Loss report (Statement of Comprehensive Income), Balance Sheet (Statement of Financial Position), each fixed asset is broken down into its separate components and each component is depreciated as a separate asset and also gives a comprehensive statement of Cash flow of your bank.