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Chit Fund Management system is a web based application for Chit Fund Companies, which systemizes all the activities that are being carried out by the chits. As a whole, this application is efficient for all organizations; those organize chits.
CFMS Application is equipped with full data security and features which speed up your work and reduce your operational time which directly helps you in concentrating on your marketing and customer management activities.
CFMS uses automation; thereby reducing manual work, time and Human power. Maintenance of software is easy, and resources consumed by the use of the software is less so which makes this application cost effective. a lot of advanced features are incorporated in CFMS; which will aid organisations to improve quality, speed and efficiency in business. The best of industry practices are implemented .
Chit Fund , The Best You Can Get!
Objectives
Objectives
Cloud based solution built on Restful API’s along with Mobile application.
Reduce the chances of human errors & workflow mess-ups to encounter
Transformation : Digital documentation
Automation of Business Functions.
Online Auction Process
Payment Gateway Integration.
Capture the entire Subscriber KYC and Enrolment related information in one unified data repository.
Ensure high availability to all the stakeholders at all times.
Advantages
Advantages
Fully designed as per Chit Fund Act1982
Start new branches quickly
Manage multiple locations
End to end management
Safe & secure
Great ROI
Friendly support
Reduce / Remove paper work
Easy customization
Mobile Module for Subscriber
Conceptualization
Conceptualization
Functional Modules
Functional Modules
Finance & Accounting System
Fiscal Year and General Ledger Configuration
Sub-Ledgers (Accounts Ledger)
Accounts Transactions
Accounts Reports
Customer Management Module
Fiscal Year and General Ledger Configuration
Sub-Ledgers (Accounts Ledger)
Accounts Transactions
Admin Module
User Creation
Roles Management
Access Management
Password Management
Subscriber Management Module
Subscriber KYC
KYC Documents: Digitalization
Nominations
Securities
Group/Scheme Management Module
Group Configurations
Enrollment
Intimation
Auction
Members Receipt
Prize Money Payment
Management Information System
Reports
Dashboards
Mobile App
Features
Features
All features are incorporated as per Chit Fund Act 1982 and Amendments.
Easy procedure for chit registration and administration.
Designing any type of chits like weekly, monthly etc.
Keeps details of chit registration and commencement date of chits.
Calculation and payment of TDS and GST.
Provision to enter/alter the opening balance of each schedule after auditing works.
Online SMS on receipt of instalment, daily collection and auction entry.
Automatic calculation of auction discount.
Aids in achieving savings by cleaning up the beneficiary accounts under various Government schemes.
Mobile application for subscriber (Member), Pigmy Agent and Agent (chit collector).
Analytics can be built from the repository.
Separate instalment amount calculation for prized & non-prized subscribers; normal & delayed payments; Automatic late-fee payment calculation (Penalty).
Provision for advance receipt of future instalments and its automatic accounting. Multiple entries of instalment receipts and printing.
Collection of documents and entry on document release.
Automatic late-fee payment calculation (Penalty).
Automatic accounting of chit payment on auction/prize entry.
Provision for daily Collection and Subscriber wise (Pigmy).
Easy entry of auction /prize and automatic calculation of next instalments.
Subscriber history during auction/prize entry.
Various charges against ticket like documentation charges, admission fees, penalty & Verification Charges etc.
Flow Diagrams
Flow Diagrams
Process Flow Diagram
Process Flow Diagram
Data Flow Diagram
Data Flow Diagram
Supported Browsers
Supported Browsers
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