Eurosat Group continues to innovatively use technology to serve the underserved and unserved. Among its solutions is a Financial Management system that supports Savings and Credit Co-operatives (SACCOs) mainly those that run the Islamic finance business model.
It’s latest innovation is Edusat ERP; a robust School Management platform designed for Academic institutions of all levels. It offers features for managing Academic records, Finance records, discipline records, budgets, staff, and sickbay records, streamlining Administrative tasks and enhancing efficiency.
“We have developed Edusat ERP which combines both FinTech and EduTech. We are looking at providing a complete solution that enables schools engage parents and also manage their day to day processes like finances and academics. Edusat is an academic ERP. ERP to mean enterprise resource planning system. Edusat has so many resources within it. These include finance – school fees, accounting, payrolls and other components. It also has the academic model that is able to manage and flexibly try to integrate a number of curriculums that are being provided in the Uganda education system,” Mr. Alawi Mutebi, the Founder and CEO of Eurosat Group said, adding;
“Edusat is integrated with different school fees payment systems so parents can pay fees and schools receive it directly in addition to following up on their kids’ performance. We have created a mobile APP through which parents can access the Edusat platform. After we enroll a school on to this platform, each parent that downloads the APP and registers is automatically mapped to their kids’ education details – finances and academics. We have so far onboarded over 20 schools with each school having an average of 500 students. Our target is to onboard more than 100 schools by the end of the year.”
Mr. Mutebi highlighted that even though Uganda is still a fresh ground for innovators, limited awareness, high internet and devices costs are the main obstacles to mass uptake and usage of digital solutions.
He noted that active collaborations among industry players are key to curing most of these obstacles and positively impact society.
Edusat by Eurosat Group was featured on Day Three of 40 Days 40 FinTechs initiative, Season Five.
Run under HiPipo’s Include Everyone program that also encompasses other initiatives such as FinTech Landscape Exhibition, Women in FinTech Hackathon, Summit & Incubator, and the Digital and Financial Inclusion Summit and Digital Impact Awards Africa; the #40Days40FinTechs platform aptly provides a setting for the various players and stakeholders involved in digital and financial technology to exhibit their products and services. It also gives players a platform to share their ideas on how the unserved and underserved by the present financial systems can be brought into the fold.
With over 150 participants in the last four years, #40Days40FinTechs continues to be the world’s premier showcase event for innovations that are enabling underserved populations to join the digital economy space. We know that this can only get better owing to the inspiration and collaboration of our partners; Level One Project, Mojaloop Foundation, INFITX, Cyberplc Academy, Ideation Corner, and Crosslake Technologies. Most importantly, the initiative owes its continued success to the generous support of the Bill and Melinda Gates Foundation.