Sacco Members Management encompasses a suite of functionalities designed to efficiently manage and maintain comprehensive member records within a Savings and Credit Cooperative (SACCO). It plays a central role in ensuring seamless member engagement and enabling targeted communication with members via email, SMS, or notifications within the software, and overall SACCO operations. Softeye Solutions empowers SACCOs to maintain organized and accurate member records since this feature contributes to efficient member engagement and effective SACCO operations.
Sacco Deposits refers to the functionality within the software that enables efficient management, tracking, and recording of deposits made by members of a Savings and Credit Cooperative (SACCO). This feature is vital in helping SACCOs manage their members' financial contributions and ensure accurate record-keeping. Softeye Solutions assists SACCOs in effectively managing their members' financial contributions. This feature contributes to accurate financial tracking, improved member relations, and streamlined operations within the SACCO environment.
This feature facilitates the lending process within Sacco. Members can apply for loans, and the software should automate the loan application, approval process, calculate interest,repayment schedule, guarantors, disbursement, generate loan agreements, and track repayment schedules e.g. Recovery either through banking,aggregated payments or checkoffs Has the ability to support self-service operations e.g. members Applying for loans, managing their guarantors, etc. Thus, offers a complete loan management system for your Sacco.
Sacco Accounting is designed to handle the financial management and record-keeping aspects of a Savings and Credit Cooperative (SACCO). It ensures accurate tracking, reporting, and analysis of financial transactions, enabling SACCOs to maintain their financial health and comply with accounting standards. Softeye Solutions empowers SACCOs to effectively manage their financial operations through this feature since it contributes to accurate financial reporting, streamlined accounting processes, and better financial management overall.
The platform allows collections and reconcilliation of Field contributions by Field operators making it very easy to manage operations with a sacco, the investor gets instant alert on all these transactions using SMS(s).
ATM Integration: ATM integration allows Sacco members to access their funds conveniently through ATMs, just like they would with traditional banking services. The software manages ATM transactions, account balances, and security measures
A self-service portal enables members to access their accounts independently. They can view balances, transaction history, and loan status, and even perform basic transactions without needing to visit a physical Sacco office. All members can access their accounts using phones, computer & tablets through individual accounts
This feature is crucial for integrating the Sacco software with external payment gateways, allowing members to make payments online. It involves aggregating different payment methods and securely making API calls to process transactions that facilitates real-time digital payments e.g. cards, Mpesa, Paypal,Banks API e.g.Equity, KCB and COOP,Other Third Party etc and other API calls
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