CO-OPERATIVE SOCIETY SOFTWARE

CO-OPERATIVE SOCIETY SOFTWARE

A credit cooperative society could be a style of credit society that's controlled by and closely-held by its members.Credit cooperative societies are registered with the first goal of advancing the economy and society via the availability of cheap credit and monetary services to their members. Compared to other registrations, the credit cooperative society registration needs less work. These societies do lend cash to their members for social and economic advancement.

You gain access to those loaning services because of the registration of credit cooperative societies. everybody prefers legal societies on top of different sorts.

Functions of a credit cooperative society

Once a credit cooperative society is formed it can perform the following activities,

(i) Provide financial support to the members

(ii) Preserve the rights of the consumers and the producers

(iii) Intake deposit from the members of the organization

(iv) Prohibit the middlemen from earning profit in the business

(v) Allow the members to get loans at affordable interest rates


Types of loans that a credit cooperative society can provide

As a credit cooperative society serves financial support to its members, here are some of the loans that they are capable of providing to their clients,

(i) Personal loan

(ii) Credit loan

(iii) Home loan

(iv) Equipment loan

(v) Business loan

(vi) Mortgage loan


Classifications of credit cooperative society

The credit cooperative society is decided into subsections and they are as follows,

(a) Primary credit cooperative society
It is a group of borrowers and non-borrowers of a particular place. In this case, the members of the organization check out the business undertakings of each other.

(b) Central credit cooperative
A central credit cooperative is a group of people, where the working of the central credit cooperative is bound to the fundamental social orders as it had been. It is also known as financial banking.

(c) State credit cooperative society banks
State credit cooperative is the arbitrators between cooperative developments and joint-stock banks. They also accept deposits from the urban classes.

SOFTWAREFEATURES

  • Branch Master
  • Region Master
  • State Master
  • Plan Master
  • Rank Master
  • Commission Master
  • Relation Master
  • Bank Master
  • Configuration Master
  • Target Master
  • Prize Master
  • Voucher Master
  • Account Master
  • Dividend Master
  • Maturity Master
  • Loan Master
  • Interest Master
  • Financial Year Master
  • Member / Advisor Entry
  • Member / Advisor Search
  • Member / Advisor Joining Report
  • Member / Advisor Detail Report
  • Member / Advisor Wise Search
  • Advisor Chain
  • Member / Advisor Down line
  • Member / Advisor Transfer
  • Member / Advisor Rank Promotion
  • Active & Inactive Member / Advisor
  • I-card Print
  • Investment Entry
  • Renewal Entry
  • Multi-renewal Entry
  • Multi-investment Multi-renewal Entry
  • Investment / Investment Renewal Approve
  • Renewal Pending List Branch / Associate Wise
  • Search Investment
  • Business Report
  • Business Report Plan Wise
  • Business Report Summary
  • Business Certificate / Bond Approve
  • Business Certificate / Bond Print
  • Spot Commission Payment
  • Certificate / Bond Dispatch Tracking
  • Account Opening Entry
  • Account Approval
  • Account Transaction
  • Account Transaction Approval
  • Auto Interest Calculation
  • Auto Interest Payment
  • Account to Account Transfer
  • Account Search
  • Account Ledger
  • Account Report (All Category)
  • Account Passbook Print
  • Loan Master
  • Loan Group Master
  • Single Loan Entry
  • Group Loan Entry
  • Loan Requisition
  • Loan Approval
  • Loan Disbursement
  • Loan EMI Payment
  • Loan Payment / Approval Report
  • Loan Disbursement Report
  • Loan Search Member / Branch Wise
  • Loan Account Ledger
  • Maturity Master
  • Maturity Requisition
  • Maturity Approval
  • Maturity Payment
  • Maturity Part Payment
  • Maturity Re-investment
  • Maturity Search (All Category)
  • Maturity Report (All Category)
  • Member Joining Approval
  • Associate Joining Approval
  • Investment Approval
  • Investment Renewal Approval
  • Certificate / Bond Approval
  • Savings Account Approval
  • Savings Account Transaction Approval
  • Loan Approval
  • Maturity Approval
  • Payment Approval
  • Cheque Business Approval
  • Other Approvals

Admin Module

  • User Management
  • Create User ID and Password
  • User Type Master
  • User Tracking
  • User Block / Unblock
  • Modify & Delete Any Data
  • User Activity Report
  • Send Notifications to Members and Associates
  • Inter Branch Communications
  • Voucher Master
  • Voucher Root
  • Voucher Generation
  • Voucher Search and Print
  • Voucher List Search and Print
  • Voucher Summary Associate Wise
  • Voucher Status Report Print and Pay
  • Voucher Payment
  • Advance Payment and Adjustment
  • Voucher Payment Transfer to Savings Account
  • Commission / Voucher Payment
  • MIS Payment
  • Spot Commission Payment
  • Maturity Payment
  • Advance Payment and Adjustment
  • Loan Payment
  • Prize Payment
  • General Account Related Payment
  • All Payments Transfer to Savings Account
  • Member Modify
  • Associate Modify
  • Investment Modify
  • Investment Renewal Modify
  • Savings Account Modify
  • Savings Account Transaction Modify
  • Loan Modify
  • Loan Approval Modify
  • Account Related Entry and Payment Modify
  • All Payment Modification
  • All other kinds of Modification
  • Cash Book / Bank Book
  • Account Head Creation
  • Expenditure Group Creation
  • Budget Creation
  • Expenditure Entry Requisition
  • Expenditure Entry Approval
  • Expenditure payment
  • Other Income Entry
  • Budget Expenditure Requisition
  • Budget Expenditure Approval
  • Budget Expenditure Payment
  • Budget Expenditure Report
  • Branch Fund Transfer
  • Branch Fund Transfer Approval
  • Day Book
  • Trail Balance
  • Auto Cash / Balance Sheet
  • Cash Sheet Summary
  • Bank Deposit Entry
  • Bank Withdrawal Entry
  • Bank Account Ledger
  • Day End Denomination Entry
  • Branch Day End Closing
  • Joining Acknowledgement Print
  • I-card Print
  • All Kinds of Money Receipt Print
  • Bond and Certificate Print
  • Passbook Print
  • Voucher Print
  • CLD Print
  • Member / Associate Search
  • Investment Search
  • Total Business Search (All Category)
  • Associate Self and Team Business Search
  • Loan Search
  • Savings Account Search
  • Approval Search
  • All kinds of Payment Search
  • All kinds of Print Pending and Due List Search
  • Maturity Search (All Category)
  • Team Wise Search (All Category)
  • ?.. and many more (Upto 50 types of search)
  • All kinds of Member / Associate Report
  • Business Report (All Category)
  • Business Report Plan Wise
  • Business Report Summary
  • Associate Collection Report Branch Wise
  • Associate Collection Report Rank Wise
  • Associate Self and Team Business Report
  • Savings Account Report
  • Loan Report (All Category)
  • Income Expenditure Report
  • Bond / Certificate Print and Dispatch Report
  • Cheque Business Report
  • All kinds of Approval Report
  • All kinds of Payment Report
  • All kinds of Investment Report
  • All kinds of Modification Report
  • TDS Report
  • All kinds of Account Related Report
  • All kinds of Print Report
  • Auto SMS
  • Individual SMS
  • Group SMS
  • Notification SMS
  • Automatic Dividend Calculation
  • Automatic Interest Calculation
  • Automatic Voucher Generation
  • Automatic Installment Generation
  • Automatic Penalty Calculation
  • Automatic EMI Calculation
  • Automatic Cash sheet Generation
  • Modify Password
  • Update Some Information
  • Check Their Self and Team Business
  • Send Joining Requisition
  • Send Investment Requisition
  • Send Investment Renewal Requisition
  • Loan Apply
  • Loan EMI Payment
  • Send Account Opening Requisition
  • View Their Account Summary
  • Transfer Fund to Other Account
  • View Their Loan Status
  • View Last 6 Months Voucher
  • Utility Bill Payment
  • View & Print Money Receipt
  • Last Activity
  • My Notification
  • HR Master
  • a. Department Master
  • b. Designation Master
  • c. Holiday Master
  • d. Salary Master
  • Employee Master
  • Weekly Off-day Setup
  • Off-day Settings
  • In and Out Timing
  • Employee Leave
  • Employee Leave Approval and Confirmation
  • Attendance In and Out
  • Leave Adjustment
  • Salary Generation
  • Salary Payment
  • Print Salary Slip
  • Employee Search
  • Block / Unblock Employee
  • Appointment and Offer Letter Print
  • Attendance and Leave Report
  • Stock Master
  • Category Master
  • Item Master
  • Supplier Master
  • Purchase Order
  • Stock Received
  • Order Book
  • Scrap Items
  • Distribution Requisition
  • Distribution Requisition Approval
  • Distribute Stock
  • Sale Invoice
  • Invoice Lookup
  • Report
  • a. Inventory Report
  • b. Purchase Report
  • c. Distribution Report
  • d. Warning Report
  • e. Sale Report
  • f. Scrap Report
  • g. Stock and Out-of-Stock Report
  • Real Time Update
  • Highly Secured
  • All data are Encrypted
  • Mass SMS /E-mail
  • SMS / E-mail Notifications
  • Fully Customizable
  • All Reports for Audit Purpose
  • User Friendly GUI
  • Easy to Handle (Without having any computer knowledge)
  • Bar Code Facilities
  • 24*7 Online Support