{"id":23702,"date":"2024-07-23T14:21:40","date_gmt":"2024-07-23T09:21:40","guid":{"rendered":"https:\/\/asiancreditfund.com\/?p=23702"},"modified":"2024-07-23T14:29:25","modified_gmt":"2024-07-23T09:29:25","slug":"23702","status":"publish","type":"post","link":"https:\/\/asiancreditfund.com\/en\/23702","title":{"rendered":"Exciting Consultancy Opportunity at ACF! ACF is hiring!"},"content":{"rendered":"

Terms of Reference (TOR) for Consultancy Services to Select a Core System<\/strong>
\n22 July 2024<\/p>\n

1. Background<\/strong>
\nMFO Asian Credit Fund is dedicated to providing financial services to low-income individuals and small businesses. <\/p>\n

ACF Mission
\nACF’s mission is to improve the quality of life, well-being, and resilience of families and businesses, primarily in rural areas, through fast and convenient financial services.
\nACF Vision
\nTo be the preferred microfinance lender for households and micro businesses in Kazakhstan in their path to resilience to the shocks and their well-being.
\nCompany details can be found at https:\/\/asiancreditfund.com
\nACF seeks to enhance its operational efficiency, customer service, and data management by selecting and implementing a new Core Banking System (CBS) including the digital field applications. This TOR outlines the scope of consultancy services required for selecting an appropriate CBS.<\/p>\n

2. Objectives<\/strong>
\n– To assess the current operational and technical requirements of the MFO ACF LLC (ACF).
\n– To identify and evaluate suitable core banking systems.
\n– To recommend the most appropriate CBS based on the ACF needs.
\n– To provide a roadmap for the implementation of the selected CBS.
\n 3. Scope of Work
\nThe consulting company\/consultant will be required to undertake the following tasks:<\/p>\n

3.1 Needs Assessment
\n– Conduct a comprehensive analysis of the ACF current systems and processes.
\n– Identify gaps and inefficiencies in the current system.
\n– Conduct analysis the existing digital infrastructure in Kazakhstan and identify the future needs for CBS functionalities
\n– Engage with key stakeholders to understand their requirements and expectations.
\n-Prepare and sent out the RFP for the CBS providers\u2019 proposal collection. <\/p>\n

3.2 Market Research
\n– Identify potential core banking systems available in the market.
\n– Evaluate the features, functionalities, and scalability of each system.
\n– Assess the compatibility of each system with the ACF existing infrastructure.<\/p>\n

3.3 Evaluation Criteria Development
\n– Develop criteria for evaluating the potential core banking systems. Criteria may include cost, scalability, user-friendliness, support and maintenance, security, and compliance with regulatory requirements.<\/p>\n

3.4 System Evaluation
\n– Perform a detailed evaluation of shortlisted systems based on the developed criteria.
\n– Conduct demonstrations and proof-of-concept tests as needed.
\n– Obtain feedback from key stakeholders on the shortlisted systems.<\/p>\n

3.5 Recommendation
\n– Provide a comprehensive report with recommendations on whether to continue with the current system with integrated third-party front ends, upgrade the current system or adopt a new CBS. Outline the pros and cons of each option, including cost-benefit analysis.
\n-Provide a detailed report on the findings of the system evaluation.
\n– Recommend the most suitable core banking system for the ACF.
\n– Present the recommendation to the ACF management team and to the ACF Supervisory Board.<\/p>\n

3.6 Implementation Roadmap
\n– Develop a high-level implementation plan for the selected CBS.
\n– Outline the steps required for a smooth transition from the current system to the new system.
\n– Identify potential risks and mitigation strategies.<\/p>\n

4. Deliverables with the timelines from the start of the project <\/strong>
\n– Needs Assessment Report \u2013 by the end of 2nd week
\n– Market Research Report \u2013 by 2nd week
\n– Creation of RFP \u2013 by 3rd week
\n– Collection of RFP proposals \u2013 by 7th week (4 weeks for collection)
\n– Evaluation Criteria \u2013 by 3rd week
\n– RFP Proposals review and Evaluation Report \u2013 by 12th week (5 weeks for the review)
\n– Final Recommendation Report \u2013 by 13th week (6 weeks for the work)
\n– Implementation Roadmap[ All the reports are expected to be in English and Russian ] – by 14th week <\/p>\n

5. Duration<\/strong>
\nThe consultancy is expected to be completed within 4 months from the contract commencement date.<\/p>\n

6. Qualifications and Experience<\/strong>
\nThe consultant should possess the following qualifications and experience:
\n– Proven experience in evaluating and selecting core banking systems.
\n– Knowledge of the microfinance sector and its unique requirements.
\n– Strong analytical and problem-solving skills.
\n– Excellent communication and stakeholder engagement skills.
\n– Experience in project management and implementation planning.
\n– Russian and English language skills are required <\/p>\n

7. Submission Requirements<\/strong>
\nInterested consulting companies \/consultants are invited to submit the following:
\n– A proposal outlining their approach to the consultancy.
\n– A detailed work plan and timeline.
\n– A budget estimate.
\n– CVs of key personnel involved.
\n– Examples of similar work undertaken previously.
\nThe submission is to be sent to the following addresses:
\nz.zhakupova@acfund.kz; a.abdekeyev@acfund.kz; u.usenov@acfund.kz;
\nSubject: Terms of Reference (TOR) for Consultancy Services to Select a Core System
\nThe last day of collection of proposals will be 06 of August 2024.<\/strong> <\/p>\n

8. Evaluation of Proposals<\/strong>
\nProposals will be evaluated based on the following criteria:
\n– Understanding of the MFI\u2019s requirements.
\n– Approach and methodology.
\n– Relevant experience and qualifications.
\n– Proposed timeline and work plan.
\n– Cost-effectiveness.<\/p>\n

9. Confidentiality<\/strong>
\nThe consulting companies \/consultants must maintain the confidentiality of all data and information received from the ACF. Without the ACF’s written consent, they will not disclose such information to any third party.<\/p>\n

10. Contact Information<\/strong>
\nFor further information or clarification, please contact:
\nZhanna Zhakupova
\nCEO MFO ACF LLC
\nz.zhakupova@acfund.kz <\/p>\n","protected":false},"excerpt":{"rendered":"

Terms of Reference (TOR) for Consultancy Services to Select a Core System 22 July 2024 1. Background MFO Asian Credit Fund is dedicated to providing financial services to low-income individuals and small businesses. ACF Mission ACF’s mission is to improve the quality of life, well-being, and resilience of families and businesses, primarily in rural areas, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-23702","post","type-post","status-publish","format-standard","hentry","category-acf-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/posts\/23702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/comments?post=23702"}],"version-history":[{"count":3,"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/posts\/23702\/revisions"}],"predecessor-version":[{"id":23705,"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/posts\/23702\/revisions\/23705"}],"wp:attachment":[{"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/media?parent=23702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/categories?post=23702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancreditfund.com\/en\/wp-json\/wp\/v2\/tags?post=23702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}