A Standing Order is an order where Loan Performer withdraws a fixed amount from a particular client's savings account and transfers it to the account of another existing client or makes a payment to a 3rdparty.
There are charges associated with the invocation or amendment of the standing order and these should be set at System->Configuration->Savings->Savings Accounts Settings.A screen like one below will be displayed:
The Loan Performer Standing Ordersmodule can be used to track and manage standing order features that include the following:
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