Nigeria’s largest system integration company, CWG Plc has again given reasons it decided to create the Unified Cooperative platform, a technology solution that meets the operational needs of Cooperative Societies in Nigeria.
Making a presentation at the 4th Annual Digital Masterclass and Symposium for Corporative Leaders, Regulators and Managers in Nigeria, organized Cooperative Support Services Limited in Lagos, Mr. Lateef Fadeyi, Product Manager, Unified Cooperative Platform at CWG Plc explained that the solution was created to rejig the cooperative sector, which is commonly classified as the minority in Nigeria today because of its inconsistency in data representation and exclusion in the financial ecosystem.
He noted that CWG along with the National Co-operative Financing Agency of Nigeria (CFAN) has developed the Unified Cooperative Platform (UCP) to offer a robust all-in-one platform that supports access to financial inclusion and cooperative services.
“The Unified Cooperative Platform (UCP) is an integrated core operations solution with front and backend access to both members and administrators. It automated loan management and reporting with secured access,” he said at the forum with the theme ‘Cooperative Business Model Disruption in the era of Digital Technologies and Innovations.
Lateef also highlighted the benefits of the solution, which many stakeholders in the cooperative ecosystem agreed has changed the status quo to include worldwide accessibility, ease of operations, up to date and efficient data and enhanced knowledge for planning.
Other benefits, according to him are ease of payment and collections, increased productivity, data security, complete visibility and transparency and no complexity of infrastructure setup.
The Pan-Africa ICT Company with operations in four African countries added that the platform allows for efficiencies in diving Member, Accounts and Credit Risk Management processes; with high-end security features and access to a centralized financial services ecosystem; amongst other benefits.
“UCP creates visibility to the Cooperative Societies and its members; closing the gap on access to key benefits like access to healthcare, food, insurance, pension, affordable housing and so much more. Details on how to join the movement were simply by the registration of individual Cooperatives via www.cooplatform.com.ng and follow the set-up process to get the best support from the solution,” he noted.