A cooperative society is an organization owned and operated by its members. They engage in various business operations such as credit unions, consumer cooperatives, and agricultural cooperatives. A cooperative society software is a type of software that helps consolidate and manage all the activities of a cooperative society in one place.
Some common features of MFMS BD software include:
Member Information Management:
Assisting in storing members' information and providing helpful data to generally increase prosperity.
Helping in the storage of member information, including names, member numbers, addresses, contact details, financial status, and loan histories. This information aids the cooperative society in establishing financial services to enhance members' economic viability.
Savings and Withdrawals:
Assisting in the financial activities of members, establishing a streamlined system for deposits and withdrawals. The software maintains a record of these transactions, aiding the cooperative society in future analysis and making their loan repayment policies more effective.
Simplifying the application and approval of loans for cooperative society members, ensuring equality in the loan repayment process and aiding in the administration of members' financial responsibilities.
Managing the financial transactions of the cooperative society on a daily, weekly, monthly, and yearly basis. This software helps the cooperative society analyze their financial status and make their loan repayment policies more effective.
Assisting in the storage and management of employee information in the cooperative society, facilitating recruitment, training, and evaluation.
Creating various types of reports that are essential for the cooperative society.
MFMS BD software offers various conveniences for cooperative societies, including:
★ No need to invest in physical servers and other hardware components.
★ The MFMS BD software is mobile, tab, and computer-friendly for easy management of small microfinance institutions or cooperative societies.
★ Installation and implementation for your organization can be done physically or online. Services are provided from anywhere in the world.
★ Additional modules like HR and procurement are available in this software.
★ Only a link is needed for managing the software.
★ Managing savings, loans, DPS, and fixed deposits becomes very easy.
★ Customizable settings for loans and other organization policies.
★ Overdue notification and penalties for overdue loans.
★ Individual branch management for each user.
★ Easy management of income and expenditure.
★ Daily, weekly, monthly, and annual comprehensive reports for each branch.
★ SMS system.
★ 24/7 online support via Zoom, Skype, etc.
Cooperative society software is a powerful tool to make your cooperative successful. If you are looking to purchase new software for your cooperative, then the MicroFinance Management System BD - MFMSBD software is a good option.
Software Usage Cost:
We determine the cost of this software considering several factors related to your cooperative or organization (customer numbers being one of the significant ones). Because your requirements might frequently change—such as customer numbers, employee numbers, customization volume, data migration, etc.