Softech Savings is designed to enable Micro Finance Institutions, SACCOs manage their day to day business undertakings smoothly by offering an easy to learn platform to execute their activities. Check some of the modules that come with the software below.
Softech Savings enables you register members to the SACCO or Micro Finance as it covers all Genders, Groups and Institutions. Softech Savings can handle unlimited number of members.
The software maintains a report showing the share capital held by the members. It allows to add up to the existing shares owned by the members as well as Awarding dividends.
Deposits and Withdraws
Softech Savings enables you manage deposits and Withdraws made by members on different accounts such as Regular, Fixed, Free and Board and Staff savings Daily, Weekly, Monthly and Yearly.
Softech Savings enables you Transfer Money from one account to another such as Fixed Deposits to Regular Savings or from one member to another within the institution.
Softech Savings enables you disburse loans with a computing methods such as Flat and Declining with different interest rates. It has options of disbursing with Grace Period.
Manage Loan Repayments for a single and multiple months, Prepaid and Postpaid payments, attach penalties on the payments that are over due and dynamic payment options.
Loan Installments and Arrears
Get Notifications and Reports about the Loan Installments due daily and Weekly and Loans into Arrears and loan status per client everyday.
Loan Portfolio Analysis
This report shows summaries of all the active loans. It shows Loan repayments, Pending payments for both principles and Interest and the Repayment Rates for each Loan.
Among the Automated processes the system does include Awarding Dividends, Interest to Shareholders and Deductions such as Annual contributions, Debiting Dormant Accounts.
Incomes and Expenses
Monitor incomes realized from the different sources as well as the Expenditure during the daily business operations. Review Daily, Monthly, Period and Yearly reports.
Softech Savings easily customizable by providing the reports you need basing on you taste. You can further export reports to PDF, MS Excel, Image and other file formats.
Generate Daily, Monthly and Period Financial reports such as Income Statement, Trial Balance and Balance Sheet and be able to view the Financial Performance of the Institution.