Sacco management free download. OpenBaraza SACCO The Open Baraza Sacco Management System allows for easy management of member contributions, loans. If you download the free Sacco management software and you are unable to implement, kindly contact us so that we can implement the free Sacco ERP software online at no charge. Also we have the web based online Sacco management system for those who want to use as they pay. To build good reputation in the field of SACCOS, MFIs, Rental, Property and Real Estate Management Information Systems(MIS) and become a key player in the industry. We are Ready to Visit your Premises to showcase our Software Products, Free of Charge! PHONES +254-737-283-113 +254-728-876-994. Solution Sacco Mobile Application Infographic DOWNLOAD Goods and Services advertisement for the year 2020-2021 DOWNLOAD Supplier registration 2020-2021 DOWNLOAD.

SACCO Management System (Savings & Credit Cooperatives)

It’s one of the most common form of cooperative organization. The name SACCO is an acronym for Savings And Credit Cooperative Organization. Main activities include accumulation of member deposits, reinvestment of the deposit in low risk investments like Treasury Bonds, Fixed Deposit Schemes, and Real Estate among others. SACCOs also advance low interest rates and flexible credit facilities to her members. Interest from loan repayment forms one of the main sources of income. Profits at the close of a financial year may be paid back to members as dividends. SACCOs are the most common financial institutions in Eastern and Southern Africa. Esacco Microfinance system started as a SACCCO management system, among the first clients to adopt it were public transport SACCOs, Farmers SACCOs, Employees SACCOs and Multipurpose SACCOs. Esacco has revolved to accommodate all kinds of SACCOs, promoting accountability, transparency and easy compliance to regulatory policies.

Some of the Sacco Management Software Features include:

Member Registration

Client Registration Module (KYC) – Know your Client – allow capture of Client bio data, social economic data and any other important information about the Client. Including Client’s beneficiaries, bank details and identification documents

Member Personal Account

This module manages all Members transactions related to Accounting, Payments and Receipts.

It provides a means of processing and extraction of the information relating to Members transactions in a precise, accurate and effective manner of extracting and displaying or printing the same for analysis and decision making process.

Members payments can be received in the against

1. Deposits
2. Interest
3. Loan principal.
4. Share capital
5. Lump sum charges
6. Loan clearance charges
7. Loan application charges
8. Insurance fee
9. Entrance fee
10. Loan scheduling fees
11. Others

Loan Processing Transactions

This module integrates seamlessly with other modules in the system

1. It is possible through this module to receive, apply, appraise, endorse, track, monitor and evaluate Client’s transactions, and connect to the DMS source of documents.
2. It’s able to generate loans guaranteed by the applicant and their statuses.
3. It also generates number of loans guaranteed by guarantors and their statuses.
4. The system also generates a loan application number in a specified format
5. The module can generate an automated electable SMS/email alert as the loan is processed.
6. When an application is received inform the borrower and the timelines expected.
7. Inform the guarantors to a loan of the extent of their guarantee.
8. Inform the borrower when the loan is approved and any fees payable before disbursement.
9. Inform the borrower when funds are disbursed.
10. The system provides for a maker, checker and approver in all loan processes. The person who appraises may not approve. – Committee approval where a loan has to be approved by specified persons.
11. The system allow for a full loan approval up to payment through the system. Once a loan is fully approved the system notifies accounts department of pending payments from loans department.
12. The system allows for an online approval (by loans committee) and disbursement of funds (by authorized signatories).

Reports

The system generates the following reports:

1. Total loans collected in a period.
2. The loans projected/actual report.
3. The system generates defaulters report in periods/ days/ months.
4. Loan ageing Report
5. Loan portfolio at Risk
6. Loans cleared report.
7. Loan repayment schedule.
8. Loans due for payment on a given date.
9. Loans balances as per Client and per loan at a given date.
10. Relevant reports can bear makers/checkers/approvers/authorisers/signatories, times and dates.
11. The system generates an appraisal report.
12. Loans rejected/deferred citing reason for such.
13. Loans issued/pending (full/partial) in a particular period.
14. Loans approved in a particular period and the amount approved.
15. Loans applied in a particular period.
16. The system allows addition/modification of new loan products/parameters.
17. The system allows an authorized user to make exemptions on some loan parameter using marker checker principle

Disbursement

1. The system can automatically lock the appraisal report for further modification once the loan is disbursed.
2. The system supports direct loan fund transfer to recipient bank once the loan has been approved.
3. The System supports early repayment and lump sum loan repayment.
4. The system calculates interest charged on loans products on either daily or monthly basis and allow for user to select a particular method. – reducing balance, straight-line/flatline, microfinance, custom methods as well
5. The system supports loan rescheduling based on Credit policy.
6. The system can generate an appraisal report clearly summarizing the entire appraisal requirement and their statuses for ease of approval.
7. The system allow for adjustments on loans balances such as;

Transfers

Write-offs

Offset

Waiver of partial/full interest

Discontinue loading of interest./interest freeze

Risk Management/Guarantor Security Management

Guarantors Management.

1. Tracking of guarantors, the loaned and the amount they have guaranteed is as critical as approving the loans.
2. The system allows a Client to guarantee a specified maximum number of loans.
3. The system allows for release and replacement of a loan guarantee.
4. System can utilize an algorithm of managing liability a Client can have as stipulated by the Microfinance to avoid over guaranteeing.
5. The system can be set to only allow a subsequent guarantee if the guarantor loan account or any of the previous accounts guaranteed are not in arrears.
6. The system can notify the guarantors any moment their shares are tied to guaranteeing a loan via email/sms.
7. The System can provide a method of calculating defaulted loans charges, offsetting from loanee account and apportioning any balance to guarantors in ratio of their guarantee and recover.
8. System can generate demand notices in the following order
9. 1st demand notice when an account falls in arrears of over 30 days (1 month)
10. 2nd demand notice when an account falls due for over 60 days (2 months) and copied to guarantors. A notice to offset an overdue account from the loanee deposits account copied to guarantors.
11. 3rd notice offsetting own deposits account and giving guarantors notice of offset from their own accounts of any loan balance after 21 days.
12. 4th notice offsetting guarantors and notice to sue for the outstanding balance.
13. System can generate Special notice to management when an existing loan secured by guarantors becomes exposed due to;

Death of the guarantor

Guarantor losing his/her deposits

Guarantor deposits become attached.

The system keeps records and gives reminders when notices given on accounts in arrears expire.

Securities /Collateral Management.

The system manages securities.

1. The system automatically alerts on expiry of insurance policy for motor vehicles.
2. The system provides a way of the Microfinance paying insurance premiums on expired and non-renewed policies and debiting the Client loan account.
3. The system can have a provision for renewing land rates and rent as applicable on loans secured with title deeds.
4. The system can prompt for a biannual census of all securities held and confirm their applicability on a taker-confirmer basis.System allows for

release of security on loan completion.

1. The system can generate a report of all loans secured by securities, their performance, the value of the securities and relevant journal notes/memos.

Loan recovery management.

1. The system has a loan recovery management method.
2. It indicates the due dates for all loans.
3. The system has a memo of indicating all actions taken on due loan accounts and by who on individual loan accounts and en mass.
4. The system allow for select of preferred mode of payment and date for a Client loan.
5. It can link to DMS with loan repayment details and other correspondence with the Client on his/her loan account.
6. A journal of actions taken can be there and visible.
7. It can link to the loanee Client physical addressees.
8. It can generate and send alerts to individual or bulk or selected Clients with available templates for:

Due accounts.

Overdue accounts.

Defaulted accounts

Laxmi publication for comprehensive biology lab manual. General Ledger

1. Chart accounts with level of account hierarchy collapsible and expandable.
2. Ability to add, modify by an authorized user.
3. General Ledger settings allows linking of default account to regulatory reports, standard operation procedure as per the organization
4. Integrate seamlessly with other modules and capture details of all transactions, making it possible to drill to sub ledgers and source documents.
5. Account codes make it easy to identify account group, sub ledger account e.t.c

Online Banking/ Web Portal/ Clients Dashboard

1. System allow some level of service delivery online such as clients statements,
2. loan applications, loan eligibility and self-appraisal, guarantorship
3. Submission and approval and communication with the organization
4. Allow client to update personal details
5. Can be used for an online registration of clients.
6. The dashboard securely delivers accurate and real time client data.

Reporting

After the period transactions are carried out various reports are then available from the system.

System produces report that are printable, exportable to excel and PDF

System reports includes date range provision

Reports have relevant generation fields like by branch, by loan officer, by client, by account

Reports are sortable, filterable

Reports include:

Financial related reports

1. Trial balance
2. Balance sheet
3. Reconciliations
4. General ledger vs. Actual balances (Clients listing) report
5. Journal report passed in the system
6. Fixed asset register and movement report
7. Debtors/creditors schedule and age analysis
8. Budget vs. Actual analysis report
9. Interest charged and interest refund report
10. Overpayment refund report
11. Imprest replenishment report
12. Dividend /interest processing report
13. Month and close of yearend report
14. Payroll report and all HR related reports like PAYE P9 forms, statutory deduction reports, leave days reports e.t.c
15. Inventory management reports- e.g. stock movement reports

Registry – Client data/ Accounts

1. Client register by category, date opened, status, ( customized to give Client register by key fields like ID, gender, station, employer
2. Dormant Client Accounts
3. Deceased Client Accounts
4. Closed Client Accounts
5. Duplicate Account reports
6. Client accounts with Bosa accounts and no Fosa account and vice versa
7. Client withdrawal report
8. User activity log on Client records i.e.record user name, Record date and time of creation / modification of Client record

File management system

1. Client file movement Deposits/ Savings
2. Deposit / saving balances by category, amount
3. Deposit refund report
4. Deposit used to offset loans report
5. Deposit /savings refund report
6. Saving s account report by category and amount
7. Closed and Dormant Fosa Account
8. Flagged accounts report
9. Negative balances
10. Fixed deposit report (matured accounts report e.tc)

Tellering and others

1. Teller cash report
2. Cash excess and shortage report
3. End of day report
4. Cash summary report
5. Treasury report
6. Mobile reports
7. Cheques cleared and un presented reports
8. Atm and ABC banking report(balance enquiry,withdrawal, deposit, declined transaction
9. Bankers cheque reports
10. Fosa authorization report
11. Standing order reports by date, department/category-
12. Failed standing orders
13. Loans without standing order
14. Expired standing order

Loans

1. Loan application report
2. Loan approved report
3. Approved loans but pending disbursement
4. Rejected loan report
5. Disbursed loan report- able to show loan disbursed partly
6. Repayment schedule of all loans (whether paid/not paid)
7. Loan delinquency report ( ability to give reports based on time/period , employers, station e.tc
8. Loan underpayment report
9. Negative loan balances / overpaid loan reports
10. Client loan listing – detailed and summary and be categorized by employer, station, period
11. Loan movement schedule
12. Loan issued beyond the appraisal parameters
13. Guarantors report
14. Notification/flagging of defaulted loans not transferred to guarantors on stipulated time.
15. The system can provide a drop down menu where one can be able to select/tick the type of loan

Customization/ Support & Enhancement

1. System is customizable to clients’ preference
2. System supports client driven enhancement and customization of the system
3. Provides ability of client to create applications and integrate with the core.
4. A well-documented API to be provided for customer driven system customization.
5. System is integral-able with other systems, Mobile Money, SMS gateway, e.t.c
6. System is integrated with international SMS gateways, mobile money services, banking platforms, CRM, DMS
7. Advance Customization and System enhancement may be billed separately.

User Manual /Help

1. System has an in built user manual with sufficient depth.
2. System supports online forum or platform where users can get help for their queries.
3. System has an online training, examining and certification service.

Support / Service Level Agreement

1. System includes a SLA on the hours of support and detailing how support department operate.
2. SLA details channel of support including online support, ability to provide support via Skype, team viewer, email, chat, phone lines

System Requirement

a) Any PC or Device with Standard Web Browser with Internet will access the system online.

b) Internet source

Sacco Management Software / Sacco system / loan system / chama software /sacco erp software in kenya

Our Sacco management software is the Best Sacco Micro Finance Software provider in Kenya, South Sudan, Uganda and Tanzania and whole East Africa. We provide the best Sacco software in Kenya – Micro Finance Management Software in Kenya. Contact us immediately for a free demo. There are more than a hundred fields to enter a client’s information. For credit products on our Sacco management software in Kenya, one can enter unlimited products. Our Sacco ERP management software is an integrated microfinance and Sacco management software which helps sacco’s to automate core functions such as a chama, Sacco or microfinance. This Sacco Software in Kenya has 3 Types of interest calculation: flat, Declining Balance-Equal monthly installment (EMI) and Declining Balance – Equal principal installment.

NOTICE: From 15th July 2017 we will be installing all saccos that have less than 100 members Sacco software in Kenya for free.All Sacco, Microfinance, chama’s Loan or credit companies having less than 100 members kindly contact us using our Contact US form. This is a small microfinance free software greatly being used many microfinance institutions around the world.

Why free accounting software for saccos?

Some are asking why free accounting software for saccos? We are supporting the growth of Saccos, Chamas, micro finance and Loan companies. Looking at other accounting software for saccos providers you will determine that their Sacco software system price doesn’t match with the size of the Sacco. They charge almost the same price for small startup Saccos and Large and established Sacco’s. Although our open source Sacco management system doesn’t include the payroll part and document management system all the major modules on the Sacco management information system are well catered for. This free accounting software for saccos is the most advanced as it has hundreds of reports.

Sacco Management Software – Microfinance Software Company Provides advanced services in Micro Finance Software solutions of all types. Sacco management software in Kenya helps hundreds of Sacco and microfinance enterprises, Sacco’s, banks, loan companies, credit financiers in Kenya. Our various services are website design, Software Development and Mobile application development; we are one of the best Java, Php & .Net Development.

Our Sacco management software or Micro Finance software in Kenya will print collection sheets. It can restructure and reschedule the loan repayment. There are unlimited numbers of savings products that can be managed through the Sacco management software which can be associated with any type of customer. The current account can be managed, with or without interests.

Many Saccos in Kenya are using our sacco management software for free as they buy bulk SMS for Sacco and Loan companies or they pay as they use the Sacco system. Our Sacco management software in Kenya is best suited for small Sacco’s and micro-finance institutions although we have large Sacco organizations and financial NGO’s using the accounting Sacco software.

sacco management software

Our Sacco Software Company Provides advanced services in Micro Finance Software solutions of all types. There are unlimited numbers of savings products that can be managed through the software which can be associated with any type of customer. The current account can be managed, with or without interests.

Microfinance Software Company has participated in the mission through developing Software is more effective and efficient money management software for these Microfinance companies are trying their best to offer these Villages and Rural Areas Peoples. Microfinance Software’s innovative design is flexible, user-friendly and features a very high-level automation. This gives the excellent customer service and operates very efficiently with a minimum number of staff. It is a web-based, module-driven, system specifically for Microfinance software companies. The Sacco accounting software system is powered by modules and reports which facilitate and monitor group transactions but also take considerations of transactions by individual customers.

Micro Finance Software Features: –

•SASRA Reports
•SMS alerts on all transactions.
•Deposits, Loans, Shares.
•Centralized database and single server control point for all branches.
•Core Banking and ATM access for all members/clients.
•Branch Managers dashboard.
•Daily summaries and performance reports
•Audit Trail
•Members/Customers & Transactions
•Balances, Statements etc
•Automated guarantors value calculator
•Ledger & Cash Book
•All General Ledger Reports
•Reconciliations to Banks
•Recovery from guarantors and offsetting
•Member Details & Transactions
•Loan Appraisal & Processing
•Ledger Book -Integrated
•FOSA -Customers
•Teller & Back Office Activities
•Unlimited Members & Customers
•Supports Multiple Databases
•Oracle, Mysql, IBM DB2 & MS Access
•Security on Database & Users
•Users are grouped into Roles
•Unlimited Users in the Networks

Our Sacco ERP Software gives you all microfinance software functionalities enabling you to concentrate on other Sacco/microfinance areas of your business operations. From deposit, withdrawal, Loans management, Shares and Dividends management to Customer and banking management are all cater in our sacco erp software in kenya.
If you are looking for the best Sacco software in Kenya to serve Chama, Sacco cooperative, co-operative union, community banks, housing cooperatives, microfinance institutions, Sacco system Kenya, Microfinance software then call us because we serve all Sacco’s and microfinance with latest Sacco management software in Kenya. We the best Sacco management software company in Nairobi, Kenya providing you the latest Sacco erp software in Kenya. On this sacco erp software in Kenya we have extended the modules to have HR and Payroll Software and Document Management system.

We just realized clients are looking for free or open source Sacco management system, Sacco management software, free download, Sacco management system source code, Sacco system documentation and we have ensured all clients are catered for when looking for the best Sacco management software in Nairobi, Kenya. We can give you link to download the free Sacco software in Kenya or download the loan management system – kindly contact us for Sacco Management system download and the Sacco management software documentation. If you also need Sacco management system proposal we can send you. Just contact us as we can integrate the Sacco system with any document management system. Our Sacco software Kenya caters for Sacco’s, microfinance, chama and loan companies. If you download the free Sacco management software and you are unable to implement, kindly contact us so that we can implement the free Sacco ERP software online at no charge. Also we have the web based online Sacco management system for those who want to use as they pay. The online Sacco software in Kenya has the cheapest rate compared to other Sacco management system Kenya or Sacco Erp software in Kenya.

Our Sacco system is the best as it is integrated with the cheapest bulk sms and sacco sender ID. Every transaction on the Sacco ERP software is sent to client directly by SMS.

MoveSacco proposal [download id=”2982“]

The Sacco software Kenya documentation and Sacco software proposal can be emailed to you upon request but you can download brief – download the sacco management system proposal
our SACCO Management system is a web-based application providing micro-finance institutions, loan companies and SACCOs and with tools required to manage the needs of Sacco savings and Sacco loan Management. Where our Sacco ERP Software helps Sacco’s automate all Sacco operations from Front office, members registration, members savings, shares and dividends, Financial accounting and Reporting, Asset management, loans processing, bulk sms messaging, Payroll and HR modules and all the Sacco management system administration.

Sacco Software implemetation

Our Sacco system is implemented in 4 ways
1. Self Hosted On-premise – Clients hosts the Sacco system in the oofices on local machine or server.
2. Database Online System local – Database is hosted online for easier access. Sacco system is installed in local machines to access only database online. Best for Multi locational and multi brances Sacco’s and Microfinance institutions.
3. Deep freeze license key 8.53. Database and System online – System and Database is hosted online. Sacco system is accessed through web browser.
4. SAAS- Sacco system is hosted in Movetech servers and lients will be paying as they use. Clients is billed monthly or annually.

online sacco management system
For many sacco’s we have implemented this as a online sacco system. You will be able to access all sacco system functionalities online. Access lans, savings, apply, guarantors online. The advantage of online sacco system is that you can access it while on teransit, or any where a long as connected to internet. Especially the matatu Sacco system rely on this online sacco management system.

Sacco Management System Security

Our Major concern in the Sacco management system is the overall system security. The Sacco system is developed from the best Java programs with Oracle database which is the best in the world. The security system module is well configured for audit trail and all lock and unlock security features in our Sacco Management system.
Best Sacco software in Kenya Cheapest Sacco system software in Kenya Microfinance software in Kenya Sacco system software in Kenya Sacco Management system in Kenya Microfinance management system software Loan system chama software management system Sacco management software, free download

Sacco Management software, free download. software

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