We have developed a software application, which is meant to
automate all the functions of Co-operative Credit Societies. In today's world of Internet where Banking Sector
is the fisrt 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 activities.
• Automate all the activities of a Co-operative Credit Society
• The system will automatically generate and email Bank Transaction Statements on daily or weekly or monthly basis.
• All Financial Reports like Balance Sheet and Dividend Details will be automatically generated and emailed to the Management level users.
• Interests on Savings 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.
• Generate Final Balance Sheet with Profit and Loss Account.
• Distribution of Dividends to Members depending on their Share Values.