Communications

The Federation of Savings and Loan Societies Limited (FESALOS) is a national organisation formed by savings and loan societies throughout Papua New Guinea. Its mission is to promote and strengthen savings and loan societies to enable them enhance the socio economic and development needs of its members. FESALOS currently provide a bureau service to ten (10) small to medium sized societies administering savings and Loan products intergraded to General Ledger online. The membership of these ten (10) societies range from 138 members (smallest) to a large membership of over 20,000 members.

FESALOS has determined that it requires a new fully functional Banking/MIS to support the management of Loans, savings, financial reporting and administrative functions of all its member societies and Ultradata is pleased to confirm that FESALOS has selected Ultradata as the preferred supplier as the "best fit" solution after reviewing solutions for its unique circumstances from around the world.