Why should i have to computerize my Credit Co-op. Society?
by computerized your society you can get many benefits like
A. Manual workload will get reduce: If you computerized your society you don’t have to maintain records Manually. Just do transaction entry and all posting in General ledger, Daybook, Balance sheet, Trial Balance, Tarij etc. will be done by software automatically. It also has so many other functionality like interest & penalty calculation, MIS reporting for management and Audit, Printing of so many reports as required, it reminds you for payments and receipts etc. Daily 8 Hours of 4 persons work will be done by computer software in just 2-3 hours of data entry.
B. Work get speedy & accurate: If your society is having computer your work will get speedy and accurate. Calcuation of intreset, dividend of more than 600 members can be done with in one minute. You have to give only one command of Recovering posting and automatically the entries will shown in loan, monthly recurring, savings without any mistake.calcuation will be 100% accurate.
C. Accouants will be clear & transprent: By computerized your society you don’t have to face frauds.it will be easy for operator to calcuate intrest as per showing in computer. No body can change in opening balance due to faclity of date lock & password protection.
D. Automation calcuation: by giving only one command in your software it will automatic calcuate intrest, dividend etc.all work get speedy due to computerized of society.
E. Members can get more benefits with speedy work: Members can get last balance report, member can see the loan intrest on any date, members can get compuertized statements, passbook, reports etc. They can get details of their balance, intrest, dividend etc. On phone or by sms.
F. Management cost gets reduce: by computerized your society you don’t have to keep books and buy stationeries item. By this you can reduce your cost of management.