CoopMIS SACCO Management System (Core Banking System)
The SACCO management system (core banking system) that helps you reduce operational costs, offer members better services, and increase your revenues.
Benefits to your SACCO
- Reduce operational costs
- Empower your employees to serve members from anywhere
- Offer members timely convenient services
- Stay compliant to SASRA regulations with automated reports
- Easy access to relevant reports by authorized personnel
- Easy integration to third party systems making resource sharing and work easier for you and your team.
- Only pay for what you use
- User friendly interface making it easy for your team to complete their tasks quicker and efficiently.
To grow your SACCO and members interests, you have to stay relevant to them forever. We are here to help you achieve that.
Benefits to your members
- Convenient services from the SACCO
- Get tailored products that serve their needs
- Growth in SACCO revenues means more dividends for members
- Experience secured digital banking
- Reduces expenses for the SACCO means members will enjoy higher dividend rates and low transaction costs.
Offer your members more convenience and give them more reasons to stay loyal and active to the SACCO.
CoopMIS Benefits To SACCO Departments
CoopMIS is the SACCO management System that benefits evry core department of your SACCO
• CRB integration helps you in creating credit scoring models for risk assessments.
• Credit reports and the availability of vast data helps you in approving and rejecting loans.
• Change logs enable you to ensure all loans and lending procedures comply with regulations.
• With detailed loan reports, you can maintain records of all loans and monitor loan payments and bad debts.
• Monitor how members repay loans using credit reports.
• Onboard new members at any time from wherever you may be. CoopMIS is cloud-based and accessible at any time from anywhere by authorized users.
• Easily monitor loan performance.
• Faster loan processing and disbursement.
• Save on costs associated with computer hardware.
• Secured environment on the cloud to give you peace of mind from cyber threats.
• Automatic backups keep your data safe as you save time and resources involved in manual backups.
• User sessions are well-secured in HTTPS protocol.
• 2FA to ensure only authorized users can access the system.
Automated SASRA reports – The system has a submodule of account schedules that enables you to map reports to specific ledgers from the chart of accounts.
Makes financial management easier – Through the generation of financial reports and the availability of change logs, CoopMIS enables you to follow through with various transactions, such as payments and receipts.
Bank reconciliation is automated – CoopMIS enables the transfer of unposted entries from the statement to the journal for reconciliation purposes. This makes it easier to reconcile entries from the cashbook (bank ledger) with those from the bank statement manually or automatically with the click of a button.
Get real business insights with reports. CoopMIS is well vested with financial reports ranging from the trial balance, balance sheet, and budget analysis to the income reports, etc.
The maker checker/change log, which allows you to monitor the approval process, keeps track of the various approval levels across the departments.
The dividend process is automated and calculates all parameters involved, i.e., qualifying shares, withholding tax, dividends, interest for the year, and interest on deposit contribution.
Offers complete dividend reports, i.e., dividend register, dividend statement, and dividend receipts.
Calculation of depreciation of the fixed assets is automated, saving you time.
Close income statement is automated. It can record your retained earnings in their preferred accounts and transfer the respective closing entries to the final accounts destination.
Plan your budgeting better. CoopMIS can check for budget availability whenever a payment is to be given.
You can deposit to your accounts and repay loans under receipting.
Availability of multiple receipting – The receipt submodule also enables you to raise one receipt and use it to distribute funds to more than one member’s accounts.
Reports can be pulled according to departments or responsibility centers. The reports can either be filtered according to branches or different departments.
Automated unit pricing to avoid fraudulent activities.
Keeping track of item movements into and out of the store, including cost changes, inventory tracking, and physical inventory calculation, has made maintaining inventory and store administration easier.
Why Choose Us
- 20 Years of success working with SACCO's
- Success stories from other SACCOs like yours
- Modern and future proof Core Banking System trusted by 29+ SACCO's across Africa
- A professional support team at your service
- We will help your SACCO reduce operational costs and increase revenues
CoopMIS SACCO Management System Modules
Core Banking
- Membership & Account Management
- Deposits & Withdrawals
- Day end activities
- Loans & Recovery
- Dividend & Interest Management
Financial Management
- General Ledger
- Budgeting
- Cash & Bank Management
- Invoicing
- Fixed Asset Management
- Inventory Management
HRM & Payroll
- Recruitment Management
- Jobs
- Employee Management
- Leave
- Training
- Appraisal
- Payroll Management
Electronic Document Management System
- Documents Scanning
- Indexing
- Referencing
- Archiving Management
Business Intelligence
- Business Analytics & Executive Dashboard
- Business Reporting
Micro-Finance
- Membership & Account Management
- Lending
Investment
- Project Accounting
- Property Management
- Share Trading
Q trade
- Inventory management
- Production Management
- Integrated Point of Sale
- Cash & Credit Sales Management
SACCOs Using CoopMIS
The Best SACCO Management System Trusted by 29+ SACCOs Across Africa
Looking for the best SACCO Management System?
Testimonials
What other SACCOs say about CoopMIS SACCO management system
Simple Process To Your SACCO System Implementation
Understand Your Challenges
We will discuss with you to understand the challenges facing your SACCO and your goals for the SACCO.
System Demo
We conduct a practical and interactive demo of CoopMIS to show you how you can solve the challenges and achieve the SACCOs objectives using CoopMIS
System Implementation
After you are fully convinced that we are your best partners and approved by relevant authorities, we start implementing CoopMIS
Training & Support
Your team will be trained on how to use the system to achieve their tasks.
From here, we will also start giving you the full support you need in regards to the system
Case Studies
Some of the success stories from other SACCOs with similar challenges and goals like yours
Fortitude SACCO needed a system with better reporting features , that can integrate with other systems.
Total SACCO wanted to offer their members convenient services hence needed a flexible and easily accessible solution.
FAQ
Most frequent questions and answers
Yes CoopMIS is available for both on-cloud and on-premise models
We don’t have a fixed price. Our pricings depends on a number of factors which are determined after the demo.
CoopMIS uses one of the most sophisticated cybersecurity technologies.
We have partnered with the best cybersecurity specialists to keep SACCOs safe at all times
SACCOs using CoopMIS can serve unlimited number of members conveniently
CoopMIS can support unlimited number of branches in different locations.