Sacco Software / Sacco ERP /Credit Co-operative Software

Our Sacco Software/Credit Co-operative Software (SACCO360 Web Express)is a solution designed on a web-based platform and mobile technology. The solution offers our clients scalability and implementation reprieve, especially in Sacco/credit management of multi-branches or regions over the “cloud” or on-premises. SACCO360 is tailor-made for startups, small, medium, and large SACCO(s) with both BOSA(back office) and FOSA(both back and front office). The solutions run on the following platforms; Web app, USSD, and Andriod App ideal to give your organization the best Sacco management system all fully integrated with the core banking. It's customized for Saccos around the world i.e. Africa Market; E.g. Kenya, Tanzania, Uganda, Rwanda and Burundi, Malawi, Ghana, Ethiopia, Zambia, Zimbabwe; and other markets that practice saving and credit organizations around the world. It encompasses different web technologies to offer you reliable, efficient, stable, and lightweight software to execute on different platforms. We bring in the expertise we have gained for the last 12 years since our inception.

Large Sacco with front office and back office

Start-up/small to medium Sacco with back office, e.g. Sacco formed by individuals or employees

Digital Lending through USSD

Matatu Saccos

Credit/Lending Organisation

Small Chamas

Any other credit cooperative society

Key Features

The following are the key features.

Sacco Members Management

Sacco Members Management encompasses a suite of functionalities designed to efficiently manage and maintain comprehensive member records within a Savings and Credit Cooperative (SACCO). It plays a central role in ensuring seamless member engagement and enabling targeted communication with members via email, SMS, or notifications within the software, and overall SACCO operations. Softeye Solutions empowers SACCOs to maintain organized and accurate member records since this feature contributes to efficient member engagement and effective SACCO operations.

Sacco Deposits

Sacco Deposits refers to the functionality within the software that enables efficient management, tracking, and recording of deposits made by members of a Savings and Credit Cooperative (SACCO). This feature is vital in helping SACCOs manage their members' financial contributions and ensure accurate record-keeping. Softeye Solutions assists SACCOs in effectively managing their members' financial contributions. This feature contributes to accurate financial tracking, improved member relations, and streamlined operations within the SACCO environment.

Sacco Loans

This feature facilitates the lending process within Sacco. Members can apply for loans, and the software should automate the loan application, approval process, calculate interest,repayment schedule, guarantors, disbursement, generate loan agreements, and track repayment schedules e.g. Recovery either through banking,aggregated payments or checkoffs Has the ability to support self-service operations e.g. members Applying for loans, managing their guarantors, etc. Thus, offers a complete loan management system for your Sacco.

Sacco Accounting

Sacco Accounting is designed to handle the financial management and record-keeping aspects of a Savings and Credit Cooperative (SACCO). It ensures accurate tracking, reporting, and analysis of financial transactions, enabling SACCOs to maintain their financial health and comply with accounting standards. Softeye Solutions empowers SACCOs to effectively manage their financial operations through this feature since it contributes to accurate financial reporting, streamlined accounting processes, and better financial management overall.

Digital Lending

Digital lending capabilities enable members to apply for loans online or through the software's interface such as USSD platform with an agile algorithm to determine lending criteria. The software assesses member eligibility, calculate loan amounts, process applications, and provide a streamlined borrowing experience.

ATM

ATM Integration: ATM integration allows Sacco members to access their funds conveniently through ATMs, just like they would with traditional banking services. The software manages ATM transactions, account balances, and security measures

Self Service Account

A self-service portal enables members to access their accounts independently. They can view balances, transaction history, and loan status, and even perform basic transactions without needing to visit a physical Sacco office. All members can access their accounts using phones, computer & tablets through individual accounts

Payment Aggregation & API Calls

This feature is crucial for integrating the Sacco software with external payment gateways, allowing members to make payments online. It involves aggregating different payment methods and securely making API calls to process transactions that facilitates real-time digital payments e.g. cards, Mpesa, Paypal,Banks API,Other Third Party etc and other API calls

Payroll Check-Off

Payroll check-off is a mechanism where employees can authorize deductions directly from their salaries for savings or loan repayments to Sacco. The software should facilitate this process, ensuring accurate deductions and timely transfers. The ability to support payroll check-off deductions from different employers/income centers through system imports through automated distribution to respective member's accounts i.e. savings./deposits, loans, and ledgers.

Agency Banking

Agency banking extends Sacco's services through third-party agents. The software enables agents to process deposits, withdrawals, and other transactions on behalf of the Sacco members while maintaining security and accountability. Supports organization-appointed agencies to assist in the provision of services to large clientele without physically visiting branches.