7 Reasons Why CoopMIS Is The Best SACCO Core Banking System

CoopMIS sacco core banking system

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7 BENEFITS THAT  MAKES CoopMIS THE BEST SACCO CORE BANKING SYSTEM

Every SACCO has realized the importance and benefits of a SACCO core banking system.

So, you are sourcing for one that will serve your needs for many years to come, and you get to come across of many systems from different vendors.

I will tell you that CoopMIS is the best SACCO system, and here are some of the reasons why it stands out from the crowd.

 

1. Friendly user interface

One thing for sure, most system users in your SACCO are not technical people eg accountants, etc.

So, a user-friendly system interface is something they need. This makes it easy for them to make use of the system and handle their respective tasks.

A good user interface is not about how cute the system looks on the screen.

It is all about a good user experience.

Straight forward and familiar terms or language used to describe the different functions, quick loading, and ease to correct or undo errors.

 

 

2. Reliable reporting tools

Today every SACCO depends on reports.

For example, the SASRA reports that all SACCOs should share with SASRA on a weekly or daily basis.

Lucky for CoopMIS users, it offers automated SASRA reports. This is a benefit because you don’t have to do the manual work that may lead to errors or take a lot of your time.

You not only enjoy the automated SASRA reports, but many other reports you may need. As a matter of fact, you can even have your own custom reports unique for your SACCOs operations.

 

3. Easy Integration to 3rd party systems

Most likely you will want an omnichannel system for more convenience to your employees and enable smooth data sharing.

It takes advantage of APIs (Application Programming Interface) which act as a communication link between two or more different systems.
The great news is that, regardless of the other system vendor, CoopMIS can have very simple integrations and work with the other systems as one.

This integration helps you lower the costs of maintenance of the different systems and save you plenty of time involved in system maintenance.

This also helps you avoid unnecessary downtimes.

4. High-level security

For any financial institution, system security is one of the core priorities. I bet this is also the case for your SACCO.

Data stored on cloud services is instantly available to authorized users.

Due to the massive scale, we work with world-class security experts and put in place infrastructure security measures that only large enterprises can get. We also handle back up and disaster Recovery

So, you can be sure that your SACCO’s and members’ data are in a good place from the moment you implement CoopMIS as your core banking system.

5. Business Intelligence Tools

To serve your SACCO members better and stay on top of the market, you need to have a great insight into your members’ needs and market trends.

CoopMIS comes with analytics tools to help you understand your members’ needs, products they interact with most, frequencies in transactions, etc.

These details will help you know where to put more effort in and the products you need to develop or add more value.

This feature also comes with an executive dashboard, where the SACCO executive members can get insights at a glance.

Your SACCO executive members are busy working hard to grow the SACCO which involves decision making. These insights are what will help them make profitable decisions both for the SACCO and members

 

6. System Accessibility

CoopMIS cloud version gives you and your authorized team members access at any time from wherever you may be.

You can access the system on your smartphone, tablet, laptop, or desktop computer.

Since the covid impact, working from home has become a norm.

Today’s employee is one who is able to work from anywhere and is not defined by the 9-5 pm working hours as before.

Your members also want their needs to be addressed as quickly as possible regardless of your working hours. That’s why most of the biggest banks offer 24/7 customer support, which helps them win more customers.

7. Document management

I am sure you deal with a lot of documents in your daily SACCO operations.

A system that comes with an inbuilt document management system is a huge plus and is cost-effective for you.

You will be able to safeguard your documents and make them accessible and sharable to authorized personnel.

You can make use of the search and filter feature to find the exact information you are looking for in a matter of seconds. This saves you a lot of time and helps you focus on other important tasks like improving the quality of service you offer to your SACCO members.

Conclusion

You need a system that will address all your needs and help you serve your SACCO members better.

You are just a click away from interacting with the best and proven system from your SACCO. Book a free demo today and learn how CoopMIS SACCO Core Banking System will address your challenges and help you grow your SACCO.

 

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