Board Paper

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



ABC CAPITAL BANK










INTERNAL AUDIT REPORT
(REF: AD/01/006/2017)





INFORMATION TECHNOLOGY (IT)

DEPARTMENT




Update of Finacle Project Implementation

and Post Implementation Review






ABC CAPITAL BANK LTD











MARCH 2017













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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



TABLE OF CONTENTS Page No.

1.0 INTRODUCTION………………………………………………………………… 5

2.0 AUDIT OBJECTIVES ……………………………………………....…………. 5

3.0 WORK DONE…………………………………………………………..…………. 5

4.1 FINANCIAL BUDGET FOR FINACLE V 10.2………………………..… 5

4.2 STATUS OF THE IMPLEMENTATION OF FINACLE v10………….………… 6

4.3 CURRENT POST MIGRATION ISSUES………………………………..………………. 6

5.0 ABBREVIATIONS AND ACRONYMS USED………………………….… 11

6.0 APPENDIX…………………………....………………………………………….... 12














































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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


EXECUTIVE SUMMARY

FINACLE SYSTEM FINANCIAL BUDGET

The project financial Budget as presented to the Board in June 2016 is tabulated under
Appendix I. The project budget of approximately $1.5m was approved by the Board in June
2016. As at 15 January 2017, USD 996,064 had been paid as part of the project budget. The
th
actual expenses are still being analysed against the budget and the results will be presented
in the subsequent board meetings.

CURRENT POST MIGRATION ISSUES

There is a tracker for all the issues the different user are experiencing. The issues are resolved
as and when they are experienced. The issues that cannot be resolved by the bank’s IT team
are forwarded to the Simba technologies Ltd (Infosys) through Tech online as part of the offsite
support agreement with Infosys.

The current unresolved issues as at 16/03/2017 are attached in appendix II and from our
review, there are no showstoppers.

STATUS OF THE IMPLEMENTATION OF FINACLE SYSTEM

The bank went live on 06/02/2017 albeit with some issues that are being resolved but were no
showstoppers .The onsite post implementation support by Infosys ended a month after
implementation. The key issues still outstanding from the original plan are;
- Integration to other third party vendors like Infratech for Anti-money laundering
solution and Interswitch for ATMs and Utilities

- Review of bank wide policies and procedures in line with system changes

POST IMPLEMENTATION REVIEW

Internal audit carried out a review of the finacle system after migration. The main areas
reviewed were user access rights management and configuration, Migration figures,
Maintenance of charges, Regulatory reports, Credit loans and advances and policies and
procedures. Four exceptions were noted during the review and of the four exceptions, three
were resolved and one is still ongoing resolution as summarized below.

SNo. Finding Risk Resolution status at
rating 16.03.2017
1.1 Generation of periodic Regulatory reports Medium On-going
The process of having
It was agreed in the contract that 40 regulatory accurate reports in
reports would be automated by the Infosys Finacle is ongoing. One
implementation team however only 20 reports can Simba staff is still
be generated accurately as at 16/03/2017 onsite for the exercise

1.2 Post migration review of loans and advances

 we noted four (4) loan accounts where the
interest rates maintained in the system are Medium Resolved
different from the rates in the offer letter
Interest rates were
changed accordingly to
reflect the offer letters

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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


 Four current accounts (expired ODS) that
have been migrated and classified as over The account place
drafts holder for income is
now in place
 We noted that all overdraft products bar
overdraft normal were not mapped to any
income account place holders. Though the
income was being accrued, it was not being
reflected on nay account

1.3 Policies and procedures enhancement Medium On going

we noted that no review has been done on the key The bank has been
policies and procedures of IT, Finance , Operations engaged in system
and credit departments to reflect the changes in the stabilization exercise
new system and will embark on
updating the policies
and procedures. These
should be ready for
board presentation in
June 2016

1.4 System user access rights management Medium Resolved

we noted that staff were being assigned different User rights form is now
menu options/user rights without in place and an
documentation/user rights form authorized copy has to
be presented before
giving access rights



























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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



1. INTRODUCTION

ABC Capital Bank has been running Bankers Realm Core banking system (BR) Version 4.2
since inception and as part of the bank’s Core Banking System evolution, the management
decided to upgrade from BR to Finacle Core banking system Version 10.2x. A Core Banking
System Project Team was selected to oversee the project implementation and provide
appropriate leadership during the various stages. The Finacle Core Banking System Project
has two main stakeholders involved, namely, ABC Capital Bank) and Infosys who are the
Finacle vendors. Infosys was mainly represented by Simba Technologies Ltd who are their
official consultants in Uganda.

The project sessions started off on Monday 15 August, 2016 with Environmental set up and
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set up of the pre-configured solution, Business Requirements Definition (BRD) and Gap
Analysis (GA) and there after Training and various stages of testing. The bank went live on 06
February 2017

The Internal Audit Officer was a member of the Core Banking System Project team. In this
role, Internal audit participated in every phase of the project implementation mainly with a
view to ensuring that internal controls were not compromised during the project
implementation.
In addition, internal audit manager was co-opted as necessary during Product Walk through
(PWT), User Training, Product Design and Set-up, User Acceptance Testing (UAT), iterations
and sign-off.
2. AUDIT OBJECTIVES:
The main objectives of the audit review for the entire project are to: -

 To check that the project is completed successfully in line with the time plan and in budget
and that variations are approved at the appropriate level.
 To check that the controls required over every operational aspect was not compromised
throughout the project lifecycle.
 To ascertain that the Bank has a training program to facilitate user training on Finacle.
 To ascertain that there were documented processes and procedures incorporating the
required controls as well as with the Finacle system changes.
 To ensure accuracy and completeness of data migrated from BR to Finacle.
 To ensure a post-implementation review program was in place and is effected.

3. WORK DONE
In order to achieve the above objectives, we took active part in the following phases of the
project:-
 Finacle core banking system product walk through
 Base functionality testing in conjunction with the vendors and the product experts drawn
from various departments of the Bank.
 Participated in the User Acceptance Testing (UAT) and the other testing stages
 Participated in the iterations and post migration review


4.1 FINANCIAL BUDGET FOR FINACLE CORE BANKING SYSTEM

The project financial Budget as presented to the Board in June 2016 is tabulated under
Appendix I. The project budget of approximately $1.5m was approved by the Board in June
th
2016. As at 15 January 2017, USD 996,064 had been paid as part of the project budget. The

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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


actual expenses are still being analysed against the budget and the results will be presented in
the subsequent board meetings

4.2 STATUS OF THE IMPLEMENTATION OF FINACLE SYSTEM

The baseline project plan as presented to the board is in the completion stages. Refer to
Appendix II below for a tabulation of the current status on each activity along with IAD’s
observation and conclusions.

4.3 CURRENT POST MIGRATION ISSUES

The post live review is still on going and issues are being addressed as they arise by the Core
team and the OFSS team. The current list of the issues being experienced by the different
departments as at 06/03/2017 obtained from the core team are detailed in Appendix III

4.4 POST IMPLEMENTATION REVIEW

4.4.1 Finacle user rights/roles review

On 6 Feb 2017 ABC Capital Bank Uganda carried out a system upgrade on the core banking
th
application. Subsequently internal audit reviewed the user rights and roles held by all staff
after the realignment exercise of user rights conducted by the ICT Department in the new
banking application. The bank purchased only 40 licences mean a maximum of only 40 users
can access the system at a point in time

A user profile in Finacle incorporates User ID, a password, work class or role profiles. The role
profile, which includes the accessible functions within each module in the application
browser/ menu, determines the activities that a User can perform on a transaction within each
function. The work class is linked to the menu options, which is in turn linked to the User ID.
The password is then linked to the User ID for login purposes.

4.4.2 Password and User IDs:

Only authorized Users can access the system. Creation and modification to User profiles is
input by one ICT staff and authorized by another. These are supported by a System User Access
Profile (SUAP) form signed by the User and approved by the respective Unit Head. In order to
login to Financle, the User must specify their unique User ID (as per the naming convention
– First letters of first and surname followed by employee number) and password. Passwords
must be changed at regular intervals, currently on a monthly basis, and comprise of specified
characteristics of strong passwords (i.e. minimum length of 8 characters, mixture of
alphanumeric characters etc.) thus further reducing security risk. One exception was noted in
this area

4.4.3 Review of the data migration from BR to Finacle

During the system implementation, all the data from the previous system (Legacy system)
bankers Realm had to be migrated to the new system Finacle. Internal audit checked the
integrity and accuracy of data post migration. We compared the general legder figures in BR
as at end of 5 Feb 2017 to the opening balances on 6 February 2017 in Finacle. Nothing of
th
th
concern was noted during the review

4.4.4 Review of credit advances and loans

Loan Interest income contribute well over 85% of the bank’s total earnings. We therefore
selected to review the loans and advances migrated to Finacle to verify the following;


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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



- Confirmed that the interest rates maintained in Finacle system agree to the rates per
the customers offer letters
- Checked that the loans are grouped under their respective classes of term loans, Over
drafts, Off balance sheet, Staff loans
- That the amounts outstanding migrated agree to the amounts in Bankers realm at
migration date
Two exceptions were noted during this review and were subsequently resolved by the post
implementation support team with support from bank credit support.

4.4.5 Regulatory reports

Finacle system was procured with aim that the system would allow automation of the
periodical regulatory reports that the bank staff used to spend on a lot of time while preparing
them. From the scope of works and contract with Infosys, it was agreed that the bank would
be provided with 60 automated regulatory reports. Internal audit reviewed Finacle system to
check whether the reports were now automated, and being used appropriately.

4.4.6 Review of policies and procedures.

The Bank’s procedures are always driven by the core banking system and therefore needed to
be reviewed by the respective operating departments to ensure they were aligned to the Finacle
system functionality. The banks policies and procedures need to be enhanced to reflect the
changes that came with the new system. One exception was noted in this area.


We explain in detail the areas summarized under the executive summary that require
improvement in the following pages.







































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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


5.0 DETAILED FINDINGS

Below are the detailed results from our review of Finacle Post implementation;
ACTIVITY CONTROL RISK AUDIT FINDINGS AND RISKS RECOMMENDATION MANAGEMENT COMMENTS
OBJECTIVE
1.1 Generation of periodic Regulatory
reports.

Generation To check M As per the FIA, the bank is supposed to prepare The Simba team together On-going.
of that the E daily, monthly, weekly, quarterly reports and with bank staff from
regulatory periodic D submit to BOU. The inadequacies of the previous Finance, Credit and IT The process of having
reports regulatory I system (BR) never used to allow auto generation should ensure that all the accurate reports in Finacle
reports are U of such reports and staff had to spend a lot of time reports are made is ongoing. One Simba
auto- M preparing them. available to the bank staff is still onsite for the
generated exercise
in Finacle It was agreed in the contract that 60 regulatory
system reports would be automated by the Infosys
implementation team however only 15 reports can
be generated accurately

The credit, Treasury, management and finance
reports are necessary for proper decision making
and for submission to BOU

If the reports are not available to staff, this may
affect decision making and ultimate fines owing
from non-submission of the regulatory reports
1.2 Post migration review of loans and
advances.

Loans and To check that M We reviewed the loans and advances in the new The Credit department Resolved
advances the loans and E system for completeness of amounts disbursed, should ensure the correct
post advances D accuracy of maintained of interest rates, proper interest rates are Interest rates were
implemen were I classification and accurate generation of demand maintained in the system changed accordingly to
appropriatel U reflect the offer letters



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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


5.0 DETAILED FINDINGS

Below are the detailed results from our review of Finacle Post implementation;
ACTIVITY CONTROL RISK AUDIT FINDINGS AND RISKS RECOMMENDATION MANAGEMENT COMMENTS
OBJECTIVE
1.1 Generation of periodic Regulatory
reports.

Generation To check M As per the FIA, the bank is supposed to prepare The Simba team together On-going.
of that the E daily, monthly, weekly, quarterly reports and with bank staff from
regulatory periodic D submit to BOU. The inadequacies of the previous Finance, Credit and IT The process of having
reports regulatory I system (BR) never used to allow auto generation should ensure that all the accurate reports in Finacle
reports are U of such reports and staff had to spend a lot of time reports are made is ongoing. One Simba
auto- M preparing them. available to the bank staff is still onsite for the
generated exercise
in Finacle It was agreed in the contract that 60 regulatory
system reports would be automated by the Infosys
implementation team however only 15 reports can
be generated accurately

The credit, Treasury, management and finance
reports are necessary for proper decision making
and for submission to BOU

If the reports are not available to staff, this may
affect decision making and ultimate fines owing
from non-submission of the regulatory reports
1.2 Post migration review of loans and
advances.

Loans and To check that M We reviewed the loans and advances in the new The Credit department Resolved
advances the loans and E system for completeness of amounts disbursed, should ensure the correct
post advances D accuracy of maintained of interest rates, proper interest rates are Interest rates were
implemen were I classification and accurate generation of demand maintained in the system changed accordingly to
appropriatel U reflect the offer letters



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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


ACTIVITY CONTROL RISK AUDIT FINDINGS AND RISKS RECOMMENDATION MANAGEMENT COMMENTS
OBJECTIVE
tation y and M notes on loans. We found out the following and the normal current
review accurately exceptions; accounts reclassified The account place holder
migrated - we noted three (3) loan accounts where the for income is now in place
interest rates maintained in the system are
different from the rates in the offer letter
(REF APPENDIX IV)
- We noted 39 current accounts (expired
ODS) that have been migrated and
classified as over drafts (APPENDIX IV).
We noted that all overdraft products bar
overdraft normal were not mapped to any
income account place holders. Though the
income was being accrued, it was not being
reflected on nay account

Inappropriate interest rates would lead to
misrepresentation of the banks interest income.
Products without account place holders would
lead to non-recognition of the income

1.3 Bank’s CRB procedures enhancement

Policies To check M With the new finacle system, the bank’s policies Management should On going
and that the E and procedures need to be reviewed to reflect ensure that banks
procedures procedures D changes in the core banking system however we policies and procedures The bank has been
and policies I noted that no review has been done on the key are reviewed in line with engaged in system
have been U policies and procedures of IT, Finance t, system changes stabilization exercise and
updated in M Operations and credit departments. will embark on updating
line with the the policies and
new system It’s the good practice the procedures are reviewed procedures. These should
every time there is a major change in the core be ready for board
banking system for consistency presentation in June 2016




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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


ACTIVITY CONTROL RISK AUDIT FINDINGS AND RISKS RECOMMENDATION MANAGEMENT COMMENTS
OBJECTIVE
tation y and M notes on loans. We found out the following and the normal current
review accurately exceptions; accounts reclassified The account place holder
migrated - we noted three (3) loan accounts where the for income is now in place
interest rates maintained in the system are
different from the rates in the offer letter
(REF APPENDIX IV)
- We noted 39 current accounts (expired
ODS) that have been migrated and
classified as over drafts (APPENDIX IV).
We noted that all overdraft products bar
overdraft normal were not mapped to any
income account place holders. Though the
income was being accrued, it was not being
reflected on nay account

Inappropriate interest rates would lead to
misrepresentation of the banks interest income.
Products without account place holders would
lead to non-recognition of the income

1.3 Bank’s CRB procedures enhancement

Policies To check M With the new finacle system, the bank’s policies Management should On going
and that the E and procedures need to be reviewed to reflect ensure that banks
procedures procedures D changes in the core banking system however we policies and procedures The bank has been
and policies I noted that no review has been done on the key are reviewed in line with engaged in system
have been U policies and procedures of IT, Finance t, system changes stabilization exercise and
updated in M Operations and credit departments. will embark on updating
line with the the policies and
new system It’s the good practice the procedures are reviewed procedures. These should
every time there is a major change in the core be ready for board
banking system for consistency presentation in June 2016




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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


ACTIVITY CONTROL RISK AUDIT FINDINGS AND RISKS RECOMMENDATION MANAGEMENT COMMENTS
OBJECTIVE
The real operations of the bank may not be
consistent with the policies and procedures which
act as a point of reference.

1.4 System user access rights management

User To confirm M We reviewed the system access rights and noted Management should Resolved
rights that all the E no exception as regards to user names and ensure that a user access
review users have D passwords and accuracy of the work classes vis-a- form is designed and User rights form is now in
been I vis the user role/responsibility always signed by unit place and an authorized
accorded U heads before allowing copy has to be presented
access M However, we noted that staff were being assigned access to the system or before giving access rights
rights in different menu options/user rights without adding any menu options
line with documentation/user rights form
their roles
and The current IT policy requires all users to first fill
responsibili in user rights form ad get it signed by the
ties supervisors before being allowed access.

The user rights access forms help in combating
unauthorised access to the system.



















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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


ACTIVITY CONTROL RISK AUDIT FINDINGS AND RISKS RECOMMENDATION MANAGEMENT COMMENTS
OBJECTIVE
The real operations of the bank may not be
consistent with the policies and procedures which
act as a point of reference.

1.4 System user access rights management

User To confirm M We reviewed the system access rights and noted Management should Resolved
rights that all the E no exception as regards to user names and ensure that a user access
review users have D passwords and accuracy of the work classes vis-a- form is designed and User rights form is now in
been I vis the user role/responsibility always signed by unit place and an authorized
accorded U heads before allowing copy has to be presented
access M However, we noted that staff were being assigned access to the system or before giving access rights
rights in different menu options/user rights without adding any menu options
line with documentation/user rights form
their roles
and The current IT policy requires all users to first fill
responsibili in user rights form ad get it signed by the
ties supervisors before being allowed access.

The user rights access forms help in combating
unauthorised access to the system.



















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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



6.0 ABBREVIATIONS AND ACRONYMS USED

Product Walk-through (PWT), Business Requirements Definition (BRD), Gap Analysis (GA),
User Acceptance Testing (UAT), Customer Information File (CIF), ATM (Automated Teller
Machine). Bankers Realm (BR), Annual Maintenance Contract (AMC)














































































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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


APPENDICES.

APPENDIX I: FINANCIALBUDGET FOR FINACLE SYSTEM PROJECT AS APPROVED
IN THE BOARD MEETING HELD IN JUNE 2016.

A. Core Costs Cost -USD Total Spend
- USD as at
15/01/2017

Sr No Item Total (VAT,
WHT Inc)
A1 Licenses (40 Users) 85,710.52 76,044
A2 Implementation Cost 537,556.08 268,778
A3 AMC (19% of License Value) 16,285.00 14,448
A4 Hardware Costs 305,957.19 255,090
A5 Oracle Software 179,819.26 137,192
A6 Other Software (VMWare, Vsphere etc) 23,352.67 23,353
A7 Training, Configuration, Data center Support 22,125.00 22,125
Sub Total 1: 1,170,805.72 797,029.94
B. Additional Costs
B1 Travel, work permit & Accommodation 29,399.65 35,250
B2 Per-diems and other costs (Edgeverve) 13,300.00
B3 Miscellaneous Costs including staff training costs , extra 66,500.00 64,095
customizations by infosys
B4 Per-diems for Simba Technologies 53,200.00 23,600
Sub Total 2: 162,399.65 122,944.98

Totals: 1,333,205.37 919,974.92

Third Party
1 OMNI Enterprise AML- InfrasoftTech 106,200 53,100
2 Cheque Truncation- Global Software Solutions 30,482 17,679
3 Inter-Switch 17,700 5,310
Total : 154,382 76,089

Grand Totals: 1,487,587 996,064

















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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


APPENDIX II: STATUS OF THE IMPLEMENTATION OF FINACLE CORE BANKING SYSTEM
Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
Solution 12/09/2016 15/10/2016 Appropriate user groups were taken through the Completed The Product Walk Through sessions were
workshop based - Finacle v 10.2x modules that the Bank had intense and focused especially because
on preconfigured 28/10/2016 acquired. This critical activity in the each Finacle Module was reviewed by the
solution/ product implementation project required a detailed product specialists. Gaps between what
walkthrough analysis of the Bank’s current and expected Finacle provided and what the Bank
operations. The exercise also involved required were identified and were logged
understanding and translating the existing into the PWT Gap list. These were
system process methodologies as well as classified into critical gaps and those
suggesting and exploring the possibilities of others where appropriate work-around
better and improved workflow so as to exploit were provided without significant system
the full potential of Finacle. enhancements.

In this phase, the Infosys team also familiarized The Core Banking System Project is
themselves with the Bank’s current workflow of maintaining a worksheet to ensure that
operations, Bank products and Bank’s what was agreed with Infosys is delivered
expectations. before the go-live date.

This enabled gap analysis and customization of
Finacle to the Bank’s needs.


Preparation of 15/08/16 - 15/09/2016 Defined the scope of the project, task schedules, Completed A detailed project schedule was designed
the Project Plan. 28/08/16 time frames, deliverables and budget, and communicated to Management and
incorporating the views of the Bank and of the signed off.
Infosys Consultants.
The progress and changes in the plan are
A detailed project schedule detailing the activity communicated regularly to Management.
and expected execution dates was designed and
communicated to Management and signed off.


10/09/2016 Completed



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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


APPENDIX II: STATUS OF THE IMPLEMENTATION OF FINACLE CORE BANKING SYSTEM
Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
Solution 12/09/2016 15/10/2016 Appropriate user groups were taken through the Completed The Product Walk Through sessions were
workshop based - Finacle v 10.2x modules that the Bank had intense and focused especially because
on preconfigured 28/10/2016 acquired. This critical activity in the each Finacle Module was reviewed by the
solution/ product implementation project required a detailed product specialists. Gaps between what
walkthrough analysis of the Bank’s current and expected Finacle provided and what the Bank
operations. The exercise also involved required were identified and were logged
understanding and translating the existing into the PWT Gap list. These were
system process methodologies as well as classified into critical gaps and those
suggesting and exploring the possibilities of others where appropriate work-around
better and improved workflow so as to exploit were provided without significant system
the full potential of Finacle. enhancements.

In this phase, the Infosys team also familiarized The Core Banking System Project is
themselves with the Bank’s current workflow of maintaining a worksheet to ensure that
operations, Bank products and Bank’s what was agreed with Infosys is delivered
expectations. before the go-live date.

This enabled gap analysis and customization of
Finacle to the Bank’s needs.


Preparation of 15/08/16 - 15/09/2016 Defined the scope of the project, task schedules, Completed A detailed project schedule was designed
the Project Plan. 28/08/16 time frames, deliverables and budget, and communicated to Management and
incorporating the views of the Bank and of the signed off.
Infosys Consultants.
The progress and changes in the plan are
A detailed project schedule detailing the activity communicated regularly to Management.
and expected execution dates was designed and
communicated to Management and signed off.


10/09/2016 Completed



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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
Structure of the 25/08/2016 A Core Project Team with representatives drawn IAD noted that the composition was
Implementation - from the following departments was composed adequate to achieve the expected
Team. 09/09/2016 to work with the infosys Team;- leadership and management for a
successful implementation.
 Information and Communication
Technology Department
 Operations department
 Compliance, Audit and Risk Departments.
 Credit Department


Software 17/10/16 - 30/10/2016 The installation of Finacle by the Simba/Infosys Completed Software installation was signed-off by
Installation 28/10/16 Consultants in conjunction with the ICT ICT Department.
department was done as per the plan.

This included creation and set-up of various
UAT environments during the project cycle.


Parameterization 12/9/2016- 30/11/2016 This involved maintenance of Finacle Completed The base functionality testing was
and Base 28/10/2016 parameters and testing of intended functionality conducted between 12/09/2016 and
Functionality to ascertain that the products set-up was correct 28.10.2016. The following modules were
Testing and accurate. This was premised on the tested;-
following;
1. CIF and Savings Products
- Product features for the modules existing in 2. Customers Information File (CIF)
the BR and therefore required changing. maintenance
- Set-up of the new modules in Finacle 3. Customer Accounts (CASA)
namely, demand drafts and trade finance, 4. Clearing
clearing, mapping to SWIFT and ATM 5. Loan products
(Interswitch) 6. General Ledger
7. Trade finance and demand drafts



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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
Structure of the 25/08/2016 A Core Project Team with representatives drawn IAD noted that the composition was
Implementation - from the following departments was composed adequate to achieve the expected
Team. 09/09/2016 to work with the infosys Team;- leadership and management for a
successful implementation.
 Information and Communication
Technology Department
 Operations department
 Compliance, Audit and Risk Departments.
 Credit Department


Software 17/10/16 - 30/10/2016 The installation of Finacle by the Simba/Infosys Completed Software installation was signed-off by
Installation 28/10/16 Consultants in conjunction with the ICT ICT Department.
department was done as per the plan.

This included creation and set-up of various
UAT environments during the project cycle.


Parameterization 12/9/2016- 30/11/2016 This involved maintenance of Finacle Completed The base functionality testing was
and Base 28/10/2016 parameters and testing of intended functionality conducted between 12/09/2016 and
Functionality to ascertain that the products set-up was correct 28.10.2016. The following modules were
Testing and accurate. This was premised on the tested;-
following;
1. CIF and Savings Products
- Product features for the modules existing in 2. Customers Information File (CIF)
the BR and therefore required changing. maintenance
- Set-up of the new modules in Finacle 3. Customer Accounts (CASA)
namely, demand drafts and trade finance, 4. Clearing
clearing, mapping to SWIFT and ATM 5. Loan products
(Interswitch) 6. General Ledger
7. Trade finance and demand drafts



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IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
On successfully completion, a sign off was
prepared by the Core Project

User Training 10/11/2016- 20/01/2017 This was intended to ensure training is done for On-going The training was done and completed on
21/12/2016 the Bank staff starting from those in branches 20/01/2017 New staff members will be
and thereafter other Head Office departments. trained as and when they join

The trainees were selected from various The user hands-on training is still
branches. These staff in turn trained the Users ongoing for the system users by the
in branches (train-the-trainer concept). These respective Branch management.
trainers are anticipated to become a System
support team.

The hands-on training for HO staff was
conducted with the support of the Core Project
Team.

User Acceptance 10/11/16- 25/01/2017 User Acceptance Testing (UAT) is the validation Completed Internal audit reviewed the UAT Test
Testing (UAT) 1 07/12/2016 that a system or application will meet user needs Plans between 30/10/2016 and
in the operational or business environment. 07/011/2016. AD’s recommendations for
enhancement of test data were
UAT involved inputting of test data on all the incorporated into the final test plans.
Bank’s products, simulating all reasonable
product variations, to check whether Finaclev Each of the modules was tested by the
10.2 could adequately handle the product and respective operating unit experts in
achieve the expected results. conjunction with the Core Project Core
Team.
The test scenarios used were prepared by the
respective product specialists in the Bank. During the UAT, all errors and exceptions
were logged into the issues tracker and
enabled further simulation and
resolution by the vendors.




15

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
On successfully completion, a sign off was
prepared by the Core Project

User Training 10/11/2016- 20/01/2017 This was intended to ensure training is done for On-going The training was done and completed on
21/12/2016 the Bank staff starting from those in branches 20/01/2017 New staff members will be
and thereafter other Head Office departments. trained as and when they join

The trainees were selected from various The user hands-on training is still
branches. These staff in turn trained the Users ongoing for the system users by the
in branches (train-the-trainer concept). These respective Branch management.
trainers are anticipated to become a System
support team.

The hands-on training for HO staff was
conducted with the support of the Core Project
Team.

User Acceptance 10/11/16- 25/01/2017 User Acceptance Testing (UAT) is the validation Completed Internal audit reviewed the UAT Test
Testing (UAT) 1 07/12/2016 that a system or application will meet user needs Plans between 30/10/2016 and
in the operational or business environment. 07/011/2016. AD’s recommendations for
enhancement of test data were
UAT involved inputting of test data on all the incorporated into the final test plans.
Bank’s products, simulating all reasonable
product variations, to check whether Finaclev Each of the modules was tested by the
10.2 could adequately handle the product and respective operating unit experts in
achieve the expected results. conjunction with the Core Project Core
Team.
The test scenarios used were prepared by the
respective product specialists in the Bank. During the UAT, all errors and exceptions
were logged into the issues tracker and
enabled further simulation and
resolution by the vendors.




15

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
Simulation 1 06/12/2016 24/01/2017 The Bank planned to carry out simulation 1 with Completed The process was completed though with
the objective of allowing all the FC users to log- issues that were to be monitored in the
in and post transactions for a particular day and proceeding simulations
thereafter compare the Transaction Journal
from the 2 systems and the resultant balances All exceptions noted were escalated to the
incorporating migrated balances. Infosys Consultants for their review and
correction as required.
The process also involved a comparison of
reports s extracted before the EOD in Finacle
and BR

Simulation 2 08/12/2016 29/01/2017 The Bank planned to carry out simulation 1 with completed There was an improvement in the success
the objective of allowing all the FC users to log- rate for the testing carried out and the
in and post transactions for a particular day and system performance compared to
thereafter compare the Transaction Journal experience in simulation 1
from the 2 systems and the resultant balances
incorporating migrated balances. All exceptions noted were escalated to the
Infosys Consultants for their review and
The process also involved a comparison of correction as required.
reports extracted before the EOD in Finacle and
BR.


Live migration 12/12/2016 06/02/2017 The Bank went live on 06/02/2017 and this was Signed off The system Finacle V 10.2x went live
preceded by post live review successfully. The issues experienced are
still being reviewed as and when they
arise









16

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Activity Planned Execution Scope and Objectives Status as of IAD Remarks
Date Date 16.03.2017
Simulation 1 06/12/2016 24/01/2017 The Bank planned to carry out simulation 1 with Completed The process was completed though with
the objective of allowing all the FC users to log- issues that were to be monitored in the
in and post transactions for a particular day and proceeding simulations
thereafter compare the Transaction Journal
from the 2 systems and the resultant balances All exceptions noted were escalated to the
incorporating migrated balances. Infosys Consultants for their review and
correction as required.
The process also involved a comparison of
reports s extracted before the EOD in Finacle
and BR

Simulation 2 08/12/2016 29/01/2017 The Bank planned to carry out simulation 1 with completed There was an improvement in the success
the objective of allowing all the FC users to log- rate for the testing carried out and the
in and post transactions for a particular day and system performance compared to
thereafter compare the Transaction Journal experience in simulation 1
from the 2 systems and the resultant balances
incorporating migrated balances. All exceptions noted were escalated to the
Infosys Consultants for their review and
The process also involved a comparison of correction as required.
reports extracted before the EOD in Finacle and
BR.


Live migration 12/12/2016 06/02/2017 The Bank went live on 06/02/2017 and this was Signed off The system Finacle V 10.2x went live
preceded by post live review successfully. The issues experienced are
still being reviewed as and when they
arise









16

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review








APPENDIX III: CURRENT ISSUES YET TO BE RESOLVED IN FINACLE v10.2 AS AT 06/03/2017

FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017
S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
1 Report Trail Balance, Simba/ Correction entry is Defect - S1 Open Thiona 09/02/2 24/02/20 Trial Balance
mismatch Balance sheet and Infosys being passed in with 017 17 sorted,
P&L report are not Finacle Test Bank balance sheet
matching. environment and and P&L yet
post EOD, Bank to to be
check the TB report confirmed
and confirm.
2 Revaluation Revaluation report Bank Finance team has Defect - S1 Open Aziz 09/02/2 20/02/20 Aziz to check
not showing correct been advised to pass with 017 17 reports and
values correction entry in Bank confirm status
Test system and on
confirmation it will
be passed in
production.
3 ATM The integration and Bank All test cases as per Defect - S1 Open Reuben 13/02/20 Bank to sign
deployment of ATM the certification plan with 17 contract with
has not been completed in TEST Bank provider.
concluded system. Bank to take Testing
it up with inter- signoff are
switch and confirm done and CR
on production for live
deployment. deployment to



17

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review








APPENDIX III: CURRENT ISSUES YET TO BE RESOLVED IN FINACLE v10.2 AS AT 06/03/2017

FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017
S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
1 Report Trail Balance, Simba/ Correction entry is Defect - S1 Open Thiona 09/02/2 24/02/20 Trial Balance
mismatch Balance sheet and Infosys being passed in with 017 17 sorted,
P&L report are not Finacle Test Bank balance sheet
matching. environment and and P&L yet
post EOD, Bank to to be
check the TB report confirmed
and confirm.
2 Revaluation Revaluation report Bank Finance team has Defect - S1 Open Aziz 09/02/2 20/02/20 Aziz to check
not showing correct been advised to pass with 017 17 reports and
values correction entry in Bank confirm status
Test system and on
confirmation it will
be passed in
production.
3 ATM The integration and Bank All test cases as per Defect - S1 Open Reuben 13/02/20 Bank to sign
deployment of ATM the certification plan with 17 contract with
has not been completed in TEST Bank provider.
concluded system. Bank to take Testing
it up with inter- signoff are
switch and confirm done and CR
on production for live
deployment. deployment to



17

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
be
documented







4 Business Bank need to Bank Bank need to validate Clarificatio Open Beatrice 17/02/20 All products
Parameter validate the the parameters in n with 17 to be reviewed
needed to be parameters in production Bank by the
validated in production environment. operations
production environment. team on
Tuesday 7th
Mar.
5 Clearing Signature API Issue veracious Webex session Defect - Open Ivan/ 09/02/2 24/02/20 Bank is
Interface currently under way S2 with Raymond 017 17 engaging
with Infosys product veracio veracious to
team. us test signature
API
HFTR Blank report is Simba/Infos Infosys team is Defect - Open 09/02/2 20/02/20 Patch has
Report generating while ys checking with S3 with 017 17 been availed
executing HFTR product team Simba awaiting
menu testing.















18

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
be
documented







4 Business Bank need to Bank Bank need to validate Clarificatio Open Beatrice 17/02/20 All products
Parameter validate the the parameters in n with 17 to be reviewed
needed to be parameters in production Bank by the
validated in production environment. operations
production environment. team on
Tuesday 7th
Mar.
5 Clearing Signature API Issue veracious Webex session Defect - Open Ivan/ 09/02/2 24/02/20 Bank is
Interface currently under way S2 with Raymond 017 17 engaging
with Infosys product veracio veracious to
team. us test signature
API
HFTR Blank report is Simba/Infos Infosys team is Defect - Open 09/02/2 20/02/20 Patch has
Report generating while ys checking with S3 with 017 17 been availed
executing HFTR product team Simba awaiting
menu testing.















18

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
Loan The system MUST Simba/Infos This issue has been Defect - S1 Open 13/02/20 TBD Awaiting
Demand NOT credit a loan ys raised with Finacle with 17 Product Patch
Satisfaction account and MUST product team for Simba
NOT debit proxy solution.
suspense account
when the operative
account has no
funds but instead it
should reserve /
mark lien on the
operative account
for the demanded
amount. If the
balance in the
operative account is
not sufficient to
satisfy the full
installment, the
system should
recover the
available balance
from the operative
account and credit
the loan.













19

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
Loan The system MUST Simba/Infos This issue has been Defect - S1 Open 13/02/20 TBD Awaiting
Demand NOT credit a loan ys raised with Finacle with 17 Product Patch
Satisfaction account and MUST product team for Simba
NOT debit proxy solution.
suspense account
when the operative
account has no
funds but instead it
should reserve /
mark lien on the
operative account
for the demanded
amount. If the
balance in the
operative account is
not sufficient to
satisfy the full
installment, the
system should
recover the
available balance
from the operative
account and credit
the loan.













19

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
Interest For Migrated Simba/Infos Linking of CASA Defect - S1 Open Beatrice 15/02/20 Beatrice and
Table code account, interest ys account with newly with / 17 Ivan to test
table code need to opened interest table Bank Claude the updated
be uploaded. code has been data.
completed in Test.
Bank has tested the
interest calculation
for 1 Saving accounts
had reported that
system is calculating
interest correctly.
Simba team is
checking this.
Clearing Outward Clearing Simba/Infos Issue has been raised Defect - Open 20/02/2 Awaiting for
Interface cheques cannot be ys with Infosys product S2 with 017 Patch, to be
posted. System team. Simba availed by
indicates Monday
instrument number
has already been
passed.
EFT While processing Simba/Infos Simba team is Defect - Open 23/02/2 Finacle team
Processing Outward EFT for ys checking the setup S2 with 017 to update on
USD currency got Simba their tests.(By
the error Monday)
"instructed amount
must be the same
as base currency"








20

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
Interest For Migrated Simba/Infos Linking of CASA Defect - S1 Open Beatrice 15/02/20 Beatrice and
Table code account, interest ys account with newly with / 17 Ivan to test
table code need to opened interest table Bank Claude the updated
be uploaded. code has been data.
completed in Test.
Bank has tested the
interest calculation
for 1 Saving accounts
had reported that
system is calculating
interest correctly.
Simba team is
checking this.
Clearing Outward Clearing Simba/Infos Issue has been raised Defect - Open 20/02/2 Awaiting for
Interface cheques cannot be ys with Infosys product S2 with 017 Patch, to be
posted. System team. Simba availed by
indicates Monday
instrument number
has already been
passed.
EFT While processing Simba/Infos Simba team is Defect - Open 23/02/2 Finacle team
Processing Outward EFT for ys checking the setup S2 with 017 to update on
USD currency got Simba their tests.(By
the error Monday)
"instructed amount
must be the same
as base currency"








20

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
Cheque System does not Simba/Infos Checking on patch Open
processing allow processing of ys feasibility on this. with
inward and Simba
outward cheques
on a scheme
without parameter
change at scheme
level
Finacle The files generated Simba/Infos Simba team to check Open Ivan/ Veracious to
Clearing files by finacle contain ys and resolve with Raymond check on
spaces causing Bank possibility of
issues while resolving this
processing in technically.
veracious
Value date The latency for Simba/Infos Simba team to check Open Raymond
for outwards outward cheques is ys and resolve with
setting cheques to Bank
clear in more than a
week
Monthly Monthly charges of Bank Bank to share list of Open Ivan ICT to
charges and current accounts monthly charges not with maintain
interest and interest applied and the Bank parameters
payment not payment on respective test and
applied accounts was not schemes.Same to present for
effected interest approval
before
applying in
production

KEY



21

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


FINACLE CORE IMPLEMENTATION - POST GO-LIVE OUTSTANDING AS ON 06/03/2017

S.No Issue Issue Responsibili Remarks Type Status Owner Issue Tentativ Additional
Description ty Raised e Remarks
On Closure
Cheque System does not Simba/Infos Checking on patch Open
processing allow processing of ys feasibility on this. with
inward and Simba
outward cheques
on a scheme
without parameter
change at scheme
level
Finacle The files generated Simba/Infos Simba team to check Open Ivan/ Veracious to
Clearing files by finacle contain ys and resolve with Raymond check on
spaces causing Bank possibility of
issues while resolving this
processing in technically.
veracious
Value date The latency for Simba/Infos Simba team to check Open Raymond
for outwards outward cheques is ys and resolve with
setting cheques to Bank
clear in more than a
week
Monthly Monthly charges of Bank Bank to share list of Open Ivan ICT to
charges and current accounts monthly charges not with maintain
interest and interest applied and the Bank parameters
payment not payment on respective test and
applied accounts was not schemes.Same to present for
effected interest approval
before
applying in
production

KEY



21

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



Very Critical & Urgent
Critical but not Urgent

APPENDIX IV: VARIANCE IN BR INTEREST RATES (LEGACY SYSTEM) AND FINACLE INTEREST RATES.

SO ACCT SCHM ACCTOUNT CURRENC SANCTIO SANCTIO FINACL OFFER VARIANCE
L NUMBER CODE NAME Y CODE N LIMIT N DATE E INT LETTER INT.
ID RATE RATE
001 300000004 ODNOR WAMBEDE UGX 500,000,00 07/30/2015 20.50 21.5% -1
0 MAUNGO 0
001 300000005 ODNOR FRANCIS P UGX 130,000,00 11/21/2013 22.50 23.5% -1
9 NTABAAZI 0
003 700000004 LAFLT EAST UGX 36,000,000 01/15/2015 -9.5 14 -23.5
5 COLLEGE
LTD





APPENDIX V: CURRENT ACCOUNTS (EXPIRED OVER DRAFTS) THAT WERE MIGRATED.

Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
1 004 3000000087 ODNOR PREMIER CREDIT USD 07/04/2016 10/01/2016 20,591 11.00 11.00 0 Expired on
LIMITED 02/02/2017
2 001 3000000021 ODNOR DETAIL UGX 10/21/2013 10/21/2014 53,286,798 24.50 23.50 -1 Expired on
PROTECTION 28/01/2017
SERVICES LTD
3 001 3000000055 ODNOR NAMAKULA UGX 12/09/2014 06/09/2015 37,019,047 28.50 23.50 -5 expired
RASHIDAH
4 005 3000000094 ODNOR ONE SOLUTIONS USD 07/12/2016 08/12/2016 9,881 0.00 0 Expired on
LTD 12/09/2016
5 001 3000000026 ODNOR NTINDA VIEW UGX 11/28/2013 12/26/2013 27,837,465 30.00 -30 Expired on
COLLEGE LTD 24/11/2016



22

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review



Very Critical & Urgent
Critical but not Urgent

APPENDIX IV: VARIANCE IN BR INTEREST RATES (LEGACY SYSTEM) AND FINACLE INTEREST RATES.

SO ACCT SCHM ACCTOUNT CURRENC SANCTIO SANCTIO FINACL OFFER VARIANCE
L NUMBER CODE NAME Y CODE N LIMIT N DATE E INT LETTER INT.
ID RATE RATE
001 300000004 ODNOR WAMBEDE UGX 500,000,00 07/30/2015 20.50 21.5% -1
0 MAUNGO 0
001 300000005 ODNOR FRANCIS P UGX 130,000,00 11/21/2013 22.50 23.5% -1
9 NTABAAZI 0
003 700000004 LAFLT EAST UGX 36,000,000 01/15/2015 -9.5 14 -23.5
5 COLLEGE
LTD





APPENDIX V: CURRENT ACCOUNTS (EXPIRED OVER DRAFTS) THAT WERE MIGRATED.

Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
1 004 3000000087 ODNOR PREMIER CREDIT USD 07/04/2016 10/01/2016 20,591 11.00 11.00 0 Expired on
LIMITED 02/02/2017
2 001 3000000021 ODNOR DETAIL UGX 10/21/2013 10/21/2014 53,286,798 24.50 23.50 -1 Expired on
PROTECTION 28/01/2017
SERVICES LTD
3 001 3000000055 ODNOR NAMAKULA UGX 12/09/2014 06/09/2015 37,019,047 28.50 23.50 -5 expired
RASHIDAH
4 005 3000000094 ODNOR ONE SOLUTIONS USD 07/12/2016 08/12/2016 9,881 0.00 0 Expired on
LTD 12/09/2016
5 001 3000000026 ODNOR NTINDA VIEW UGX 11/28/2013 12/26/2013 27,837,465 30.00 -30 Expired on
COLLEGE LTD 24/11/2016



22

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
6 001 3000000056 ODNOR LUMINSA EDWARD UGX 07/10/2014 12/12/2016 27,272,839 23.50 -24 Expired on
12/12/2016
7 003 3000000081 ODNOR NAKYEJWE ROSE UGX 02/28/2015 03/31/2016 18,852,484 23.50 -24 Expired on
31/03/2016
8 003 3000000080 ODNOR RANJAN PATEL UGX 05/09/2014 05/09/2015 11,488,025 27.50 -28 Expired on
08/07/2016
9 001 3000000037 ODNOR PENTAGON UGX 10/21/2015 10/28/2015 5,652,061 30.00 23.50 -7 Expired on
COMMUNICATIONS 28/10/20165
GROUP LIMITED
10 001 3000000031 ODNOR SAMEER UGX 12/19/2013 01/19/2014 5,614,772 21.00 21.00 0 Expired on
AGRICULTURE AND 21/02/2014
LIVESTOCK LTD
11 001 3000000006 ODNOR FINANCE & TRADE UGX 10/07/2010 04/07/2011 3,838,192 24.00 23.50 -1 Expired on
PUBLICATION LTD 07/04/2011
12 003 3000000071 ODNOR KARO EMPORIUM & UGX 12/18/2012 03/13/2013 2,164,131 21.50 -22 Expired on
GEN. 13/03/2013
MERCHANDISE
13 001 3000000005 ODNOR KAPCO GENERAL UGX 05/28/2014 07/27/2014 1,619,400 30.00 30.00 0 Expired on
SUPPLIES LTD 30/11/2015
14 001 3000000063 ODNOR MUSOKE .W .ESERO UGX 10/17/2014 11/16/2014 1,193,074 30.00 23.50 -7 Expired on
16/11/2014
15 003 3000000084 ODNOR BAKETUNGA UGX 12/22/2016 01/05/2017 1,189,607 23.50 23.50 0 Expired on
FREDRICK 05/01/2017
16 001 3000000058 ODNOR MR & MRS UGX 07/14/2014 07/14/2015 929,316 25.00 23.50 -2 Expired on
MUHINDO .E. 27/07/2016
NGENE
17 001 3000000001 ODNOR SEBUGWAWO UGX 01/04/2014 04/04/2014 711,401 25.00 23.50 -2 Expired on
MARVIN PAUL 04/04/2014
18 001 3000000065 ODNOR MUWEMBE J.C UGX 11/07/2015 02/07/2016 435,096 25.00 23.50 -2 Expired on
KALANDA 09/09/2016
19 003 3000000082 ODNOR KALYANGO RASHID UGX 03/14/2015 03/14/2016 339,102 27.50 23.50 -4 Expired on
ABUDALLAH 14/04/2016
20 001 3000000068 ODNOR BAROT MIRAJ USD 05/24/2016 06/15/2016 90 13.00 11.00 -2 Expired on
15/06/2016




23

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
6 001 3000000056 ODNOR LUMINSA EDWARD UGX 07/10/2014 12/12/2016 27,272,839 23.50 -24 Expired on
12/12/2016
7 003 3000000081 ODNOR NAKYEJWE ROSE UGX 02/28/2015 03/31/2016 18,852,484 23.50 -24 Expired on
31/03/2016
8 003 3000000080 ODNOR RANJAN PATEL UGX 05/09/2014 05/09/2015 11,488,025 27.50 -28 Expired on
08/07/2016
9 001 3000000037 ODNOR PENTAGON UGX 10/21/2015 10/28/2015 5,652,061 30.00 23.50 -7 Expired on
COMMUNICATIONS 28/10/20165
GROUP LIMITED
10 001 3000000031 ODNOR SAMEER UGX 12/19/2013 01/19/2014 5,614,772 21.00 21.00 0 Expired on
AGRICULTURE AND 21/02/2014
LIVESTOCK LTD
11 001 3000000006 ODNOR FINANCE & TRADE UGX 10/07/2010 04/07/2011 3,838,192 24.00 23.50 -1 Expired on
PUBLICATION LTD 07/04/2011
12 003 3000000071 ODNOR KARO EMPORIUM & UGX 12/18/2012 03/13/2013 2,164,131 21.50 -22 Expired on
GEN. 13/03/2013
MERCHANDISE
13 001 3000000005 ODNOR KAPCO GENERAL UGX 05/28/2014 07/27/2014 1,619,400 30.00 30.00 0 Expired on
SUPPLIES LTD 30/11/2015
14 001 3000000063 ODNOR MUSOKE .W .ESERO UGX 10/17/2014 11/16/2014 1,193,074 30.00 23.50 -7 Expired on
16/11/2014
15 003 3000000084 ODNOR BAKETUNGA UGX 12/22/2016 01/05/2017 1,189,607 23.50 23.50 0 Expired on
FREDRICK 05/01/2017
16 001 3000000058 ODNOR MR & MRS UGX 07/14/2014 07/14/2015 929,316 25.00 23.50 -2 Expired on
MUHINDO .E. 27/07/2016
NGENE
17 001 3000000001 ODNOR SEBUGWAWO UGX 01/04/2014 04/04/2014 711,401 25.00 23.50 -2 Expired on
MARVIN PAUL 04/04/2014
18 001 3000000065 ODNOR MUWEMBE J.C UGX 11/07/2015 02/07/2016 435,096 25.00 23.50 -2 Expired on
KALANDA 09/09/2016
19 003 3000000082 ODNOR KALYANGO RASHID UGX 03/14/2015 03/14/2016 339,102 27.50 23.50 -4 Expired on
ABUDALLAH 14/04/2016
20 001 3000000068 ODNOR BAROT MIRAJ USD 05/24/2016 06/15/2016 90 13.00 11.00 -2 Expired on
15/06/2016




23

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
21 001 3000000017 ODNOR ZIROBWE UGX 05/31/2014 06/14/2014 305,881 30.00 23.50 -7 Expired on
DEMONSTRATION 07/06/2015
FARM LTD
22 001 3000000062 ODNOR GWAYAMBADDE UGX 01/23/2014 02/23/2014 243,874 21.00 21.00 0 Expired on
MUSA ADAM 23/02/2014
23 001 3000000016 ODNOR VERMA JIVRAM & UGX 12/20/2011 02/28/2012 176,496 0.00 23.50 24 Expired on
ASSOCIATES (FIRM) 17/10/2012
24 001 3000000019 ODNOR KOMOLO UTILITY UGX 08/27/2013 08/27/2014 135,511 21.50 23.50 2 Expired on
SERVICES LIMITED 27/08/2014
25 001 3000000060 ODNOR WILSON WERE UGX 05/25/2015 08/23/2015 127,773 28.50 23.50 -5 Expired on
26/04/2016
26 001 3000000011 ODNOR KOMOLO UGX 05/20/2011 07/20/2011 119,371 0.00 26.50 27 Expired on
ASSOCIATES 08/03/2012
LIMITED
27 001 3000000009 ODNOR LOTUS UGX 12/22/2014 03/22/2015 116,980 24.50 -25
TECHNOLOGIES
LTD
28 001 3000000028 ODNOR METRO EXPRESS UGX 08/28/2015 08/28/2016 93,166 23.50 23.50 0 Expired on
LTD 00:00:00 07/10/2016
29 001 3000000070 ODNOR KADDU DAVID & UGX 11/14/2011 11/30/2011 51,860 0.00 23.50 24 Expired on
ARYEIJA KELOI 30/11/2011
30 001 3000000053 ODNOR EDITH KITAKA UGX 06/21/2012 07/22/2012 46,531 42.00 23.50 -19 Expired on
22/07/2012
31 001 3000000007 ODNOR MUKONO UGX 03/22/2016 05/30/2016 31,672 28.50 23.50 -5 Expired on
BOOKSHOP 30/05/2016
PRINTING & PUB.
CO. LTD
32 001 3000000057 ODNOR SERUBIRI YUSUF UGX 04/08/2014 07/07/2014 19,047 23.50 23.50 0 Expired on
29/03/2016
33 001 3000000043 ODNOR NABOTH UGX 04/23/2013 05/22/2013 17,961 22.00 23.50 2 Expired on
BARAHIRE 22/05/2013
34 001 3000000023 ODNOR KIRINYA HIGH UGX 06/13/2014 07/03/2014 6,715 23.50 23.50 0 Expired on
SCHOOL LIMITED 20/03/2015
35 001 3000000018 ODNOR MASAKU TRADING UGX 08/27/2011 11/27/2011 2,633 23.50 23.50 0 Expired on
CO LTD 27/01/2013



24

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
21 001 3000000017 ODNOR ZIROBWE UGX 05/31/2014 06/14/2014 305,881 30.00 23.50 -7 Expired on
DEMONSTRATION 07/06/2015
FARM LTD
22 001 3000000062 ODNOR GWAYAMBADDE UGX 01/23/2014 02/23/2014 243,874 21.00 21.00 0 Expired on
MUSA ADAM 23/02/2014
23 001 3000000016 ODNOR VERMA JIVRAM & UGX 12/20/2011 02/28/2012 176,496 0.00 23.50 24 Expired on
ASSOCIATES (FIRM) 17/10/2012
24 001 3000000019 ODNOR KOMOLO UTILITY UGX 08/27/2013 08/27/2014 135,511 21.50 23.50 2 Expired on
SERVICES LIMITED 27/08/2014
25 001 3000000060 ODNOR WILSON WERE UGX 05/25/2015 08/23/2015 127,773 28.50 23.50 -5 Expired on
26/04/2016
26 001 3000000011 ODNOR KOMOLO UGX 05/20/2011 07/20/2011 119,371 0.00 26.50 27 Expired on
ASSOCIATES 08/03/2012
LIMITED
27 001 3000000009 ODNOR LOTUS UGX 12/22/2014 03/22/2015 116,980 24.50 -25
TECHNOLOGIES
LTD
28 001 3000000028 ODNOR METRO EXPRESS UGX 08/28/2015 08/28/2016 93,166 23.50 23.50 0 Expired on
LTD 00:00:00 07/10/2016
29 001 3000000070 ODNOR KADDU DAVID & UGX 11/14/2011 11/30/2011 51,860 0.00 23.50 24 Expired on
ARYEIJA KELOI 30/11/2011
30 001 3000000053 ODNOR EDITH KITAKA UGX 06/21/2012 07/22/2012 46,531 42.00 23.50 -19 Expired on
22/07/2012
31 001 3000000007 ODNOR MUKONO UGX 03/22/2016 05/30/2016 31,672 28.50 23.50 -5 Expired on
BOOKSHOP 30/05/2016
PRINTING & PUB.
CO. LTD
32 001 3000000057 ODNOR SERUBIRI YUSUF UGX 04/08/2014 07/07/2014 19,047 23.50 23.50 0 Expired on
29/03/2016
33 001 3000000043 ODNOR NABOTH UGX 04/23/2013 05/22/2013 17,961 22.00 23.50 2 Expired on
BARAHIRE 22/05/2013
34 001 3000000023 ODNOR KIRINYA HIGH UGX 06/13/2014 07/03/2014 6,715 23.50 23.50 0 Expired on
SCHOOL LIMITED 20/03/2015
35 001 3000000018 ODNOR MASAKU TRADING UGX 08/27/2011 11/27/2011 2,633 23.50 23.50 0 Expired on
CO LTD 27/01/2013



24

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
36 001 3000000025 ODNOR SIGMA MEP UGX 05/30/2014 06/28/2014 1 36.00 23.50 -13 Expired on
SERVICES (U) LTD 28/06/2014
37 001 3000000027 ODNOR THE DEPO LTD UGX 11/08/2013 12/08/2013 0 30.00 23.50 -7 Expired on
14/09/2014
38 003 3000000076 ODNOR KAFULUMA UGX 07/30/2013 07/30/2014 0 23.50 -24
CHARLES
39 005 3000000093 ODNOR OKECH AMOS UGX 09/16/2016 09/23/2016 0 25.00 -25 Expired on
OPOYA & OWOR 23/09/2016
OBBO KWACH







































25

IA Report Ref AD/01/006/2017 – Update of Finacle Project Implementation and post implementation review


Ref Sol Acc No Scheme Acc Name Currency Sanction Expiry Net Finacle Br Variance Audit
no Id Code Date Date Balance Interest Interest Remark
Rate Rate
36 001 3000000025 ODNOR SIGMA MEP UGX 05/30/2014 06/28/2014 1 36.00 23.50 -13 Expired on
SERVICES (U) LTD 28/06/2014
37 001 3000000027 ODNOR THE DEPO LTD UGX 11/08/2013 12/08/2013 0 30.00 23.50 -7 Expired on
14/09/2014
38 003 3000000076 ODNOR KAFULUMA UGX 07/30/2013 07/30/2014 0 23.50 -24
CHARLES
39 005 3000000093 ODNOR OKECH AMOS UGX 09/16/2016 09/23/2016 0 25.00 -25 Expired on
OPOYA & OWOR 23/09/2016
OBBO KWACH







































25