Co-operative software websoftex bangalore

Websoftex Banking software has been developed to provide the following important features: • Modular design with proper integration to ensure trouble-free operations without undue complications. • Optimum security of operations which is very essential for financial transactions • Comprehensiveness in coverage - a feature absolutely necessary to meet all requirements • User-friendliness which ensures hassle free usage • High flexibility with expandability and upgradability. The software can be used by all societies and can be easily upgraded/expanded to cover more activities whenever required. • The software is capable of handling huge volumes of transactions without any difficulty. • State of the art technology has been used. • Control over operations with in-built checks and balances, authorization procedures, etc. • Elimination of scope for tampering of data • The system is designed to work for network environment to access the information & update the data by different users simultaneously Software Coverage: - Each module has been designed to cover a wide range of activities. Apart from comprehensive master details each module covers all transactions chronologically and systematically. A bird's eye view of the coverage of the modules is presented below. 1. Membership Management: - Enables customer to enroll as Member, Non-Member, Associate Member and Nominal Member and it consists of Enrollment, member assets and liability details o Member Profiles Queries(Share ,Deposits ,Loans of the member). o Photos & signatures of members are stores in data base are accessible when ever required o Closing of Membership o Member Address lists o Reports. 2. Share Accounting: - It enables issue of shares, withdrawal of shares, dividend calculation and posting, consolidate dividend report and share register, any time. o Issuing of shares. o Issuing of additional shares. o Dividend calculation and payment. o Withdrawal of shares. o Share Register. o Reports. 3. Operational Accounts: - It consists of SB o Account opening. o Transactions (credit/Withdrawal by cash). o Transfers (transfer to/from S.B. Accounts). o Transaction maintenance taking care of minimum balance in account. o Interest calculation & posting. o Schedule. 4. Term Deposits: - Consists of FD, RD, RICC, Cash Certificate, Pigmy and Thrifts deposits o Account opening. o Deposit Receipt printing. o Interest calculation and posting. o Closing before maturity (Pre Closure). 5. Loans and Advances: - Consists of Surety Loan (Unsecured), Crop Loan, Vehicle Loan, Gold Loan, Loan Against Deposit (like, FD, RICC / CC) Loan Ledgers & various types of reports. o Loan sanctioning. o Loan disbursement. o Creation Loan Parameters by user. o Borrower and Surety Details. o Interest calculation and posting as per the loan schemes