More groups of people are coming together to form cooperative societies and SACCOs. The main aim being financial inclusivity for all, especially the low and middle income earners. Use of traditional management systems such as excel sheets may work to the disadvantage of these institutions. It is important for them to find the best SACCO software for their budding institutions. These will go along way to ensure efficiency, high productivity and growth.
Discussed herein are some of the top SACCO software for start up/ small & medium SACCOs in Kenya.
This is a software designed for small to medium financial institutions. The set up process is pretty easy and requires little to no training. The start up Sacco can manage its member registration, members savings accounts as well as loan accounts. Accounting reports such as balance sheet, trial balances, account statements among others. The entire loan process is digitized hence more accuracy and accountability. Other features available include transactional notifications through SMS, and a provision for mobile lending.
The sacco erp enables Saccos manage its operations such as loan application and disbursement. Others are financial accounting & reporting as well as management of savings and deposit accounts among other operations.
Their sacco software provides saccos a platform that automates their operations. The software provides both FOSA and BOSA operations. Some of the features are: SASRA reports, transactional notifications through SMS, Audit trails, accounting reports among others.
This is a cloud based lending software designed for the microfinance industry. It has comprehensive member registration and product set up modules. Loan disk allows the user to view and print our statements as well as schedules. Availability of charts and reports allows you to see the progress of your institution thus aiding in decision making.
Just like Jisort system and others, the software is web based. It runs on a windows based environment which is used by many SACCOs. It allows use in multiple branches and marker checker too. Features include; user management, teller facilities, account management and the general ledger.
The primary goal of a SACCO software is to ease the operations of a SACCO. With this the management is able to focus on other equally important things such as marketing and expansion. The above software do just that. Get one that works best for you.