Small Banking System
We have developed a software application which is meant to automate all the functions of the Co-operative Credit Societies. In today's world of Internet where Banking Sector is the first to harness the benefits of latest technology, Small Banks like Co-operative Credit Societies have to maintain a comparative service level towards their customers.
The functions of this Software Application are to:
- Providing a Single Entity to different branches of a Co-operative Bank through which all Administrative Staff, Working Staff, Members and Account Holders can interact and perform their daily activities.
- Automate all the activities of a Co-operative Credit Society
- The system will automatically generate and email Bank Transaction Statements on daily, weekly or monthly basis.
- All Financial Reports like Balance Sheet and Dividend Details will be automatically generated and emailed to the Management level users.
- Interest on Saving Accounts for all account holders will be automatically calculated and posted in the system.
- Interest and penal interest on different Loan Accounts will be calculated automatically.
- Keep track of all transactions.
- Generate reports and certificates like Bank Statements and Share Certificates, Fixed Deposit Certificates etc.
- Generate Final Balance Sheet with Profit and Loss Account.
- Distribution of Dividends to Members depending on their Share Values.