The Company’s principal place of business is the primary location for business operations and is created under Head Office.
The chit fund company has a single branch (or) multiple branches, and the branch or branches are created accordingly in the Masters. The bonus, penalty, interest and commission percentage are determined at the branch level.
A scheme is created based on the chit value. The number of members and months for the scheme will be mapped to the group. This scheme module is also used for commitment chit.
In the group, the schemes are mapped, based on the number of members in the scheme. Once the group is full, the auction process starts. At the group level, penalties, bonuses, and interest percentages are established.
Slabs are of multipleSlab Due
The due amount of the particular scheme is mentioned. The Slab Due is also used for commitment chits.Slab for Bonus
The bonus slab determines the bonus amount of a particular scheme and based on the levels, with effect from and to are mentioned.Slab for Penalty
The Penalty amount of particular scheme, based on various levels with effect from and to are mentioned.Slab for Interest
The Interest slab, establishes the Interest amount of a particular scheme and based on levels with effect from and to are mentioned.Slab for Payment
Slab for payment is used in commitment chits. The commitment chit payment amount is fixed in this slab.
The bank details of the Chit Fund Company for a particular branch, it’s transactions and payment modules are entered.
City and Pincode is added based on the district.
The collection areas can be assigned, based on the branch.
Enable mapping a particular employee to multiple collection areas. One collection agent can have multiple collection areas.
Helps maintain the charge type like Document charges,Enrollment Fee and it will be mapped to other receipt charges.
The relationship module is used to create a relationship and map it to the customer.
To create auction on holidays, alert messages are notified when auctions are conducted on holidays.
Petty cash expense type is used to add the heads of petty cash.
The customer module is used to add customers to a particular branch. The customer-wise penalty, bonus, and interest percentage is added. The referred type is entered once the customer is enrolled in a particular group and the commission percentage is added to the person who referred.
Guarantor module adds the name of the Guarantor to a particular customer.
Enroll the customer to a particular group, and once the group is full the customers will proceed to auction. A dummy customer can also be enrolled. While customer is enrolled, the payment type such as daily, weekly, monthly can be mentioned.
An auction is conducted to determine the lowest amount a customer is willing to take for the particular month.
The documents are collected from both customers and guarantors.
The monthly chit amount due from customers is collected, the receipt is generated and listed in the receipt report.
The role is designated for the staff for the particular branch. Based on the role given, access to the software is given to authorized employees.
Create a designation based on the role to be assigned to the employee. This module enables the entry of designation of each Employee
Add the employee to a particular branch and also assign “employee type”, whether business agent or employee. An employee’s incentive will be calculated based on their performance. A Business agent’s commission will be added once a customer’s enrollment is complete
A unique login can be created for every employee.
Daily attendance is recorded and captured in the employee attendance module.
The branch is provided with a specified amount for petty expenses and it is easy to view the amount spent and balance through petty cash income.
Daily expenses can be created and captured in the petty cash expense module.
The lead management module creates a lead and capture the follow up status.
Enrollment report is used to see all the enrollment details
The outstanding report for a customer, employee, and Groupwise can be viewed
Auction report is used to see the auction details of the branch and group.
Payment details are shown in this report.
Transaction details are shown in this report
Accounts details are shown in the Accounts Report module
Business development activities are shown in this module
Create user access on this module based on the roles we assign to the user.
This module enables us to assign the customers to conduct the commitment auction.
We can view the customer’s basic information and account information in one place.
The cancel dividend option is to use the canceled dividend amount for a particular customer.
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