Financial Accounting,
Auditing and
reporting system
Built for MFIs and Banks, our platform simplifies monthly closures, reconciliations, trial balance consolidations, supports sesame spectra reporting, and ensures audit-ready compliant operations all in one secure platform.
How it work?
Simplify Accounting, Strengthen Compliance, Stay Audit-Ready. A purpose-built financial platform for Microfinance Institutions (MFIs) — manage trial balances, automate sesame reporting, and ensure seamless regulatory compliance, all from one secure, centralized system.
Create Account
First you have to create an account here
Import Trial Balance
Import trial balance for error verification
Generate Error Reports
Download trial balance errors for correction
Do Corrections
Get in touch with your accountant and correct
All-in-One Platform for Microfinance Compliance and Insights
Generate reports, monitor financial health, and ensure regulatory compliance — everything your institution needs in one place.
Trial Balance Consolidation
For Decentralized MFIsSESAME Spectra Reporting
Supports SESAME Spectra 4Accounting Situation
Financial reportsAccounting Situations
Statement AnnexesData Validation
Verify report accuracyAudit Trail & Logs
Track all reports actionsData Analytics
FAARSYS user performanceExplore All
More 20+ Features
Let’s Talk About Transforming
Your Financial Operations
Whether you're a Microfinance Institution, bank, or regulatory body, FAARSYS is built to streamline your accounting, auditing, and reporting needs. Have questions, need a demo, or want to explore partnership opportunities?
Contact USOur Solution
Solving Critical Financial Operations Challenges
Addressing the most common pain points faced by MFIs and financial institutions.
-
Time-Consuming Monthly Closures
Automated trial balance processing that reduces monthly closing from days to hours.
-
Multi-Branch Consolidation Headaches
Centralized platform for seamless multi-branch trial balance consolidation.
-
Audit Preparation Stress
Comprehensive audit trails and always-ready compliance documentation.
Frequently Asked Questions
Get answers to common questions about FAARSYS
We protect your data with mandatory two-factor authentication for all user accounts, combined with comprehensive access controls and continuous security monitoring to ensure only authorized personnel can view or modify your financial information.
Yes, FAARSYS supports multiple import formats including Excel (.xlsx, .xls), CSV, and XML. Most accounting systems can export trial balance data in these formats. We provide templates and guidance for seamless data migration.
Most institutions are fully operational within 3-5 business days. The process includes onboarding (1 day), data migration and training (2-3 days), and first report generation (1 day). Complex multi-branch setups may require additional time.
FAARSYS includes intelligent error detection that identifies common trial balance issues before report generation. The system provides detailed error reports with guidance on corrections, and our support team is available to help resolve any complex issues.
Yes, we provide comprehensive training sessions for your accounting team, including live demonstrations, hands-on practice, and detailed documentation. Training is typically completed within 2-3 days and includes ongoing support.
We continuously monitor regulatory changes and update our platform accordingly. All updates are automatically applied to your instance, ensuring ongoing compliance without requiring action from your team. We notify institutions in advance of significant changes.
Still have questions? We're here to help.