Systems for savings and loan cooperatives and business cooperatives
A cooperative is run together, so every figure must be traceable and accountable to members. We build systems that record savings, loans, and instalments with a clear trail.
Problems we run into most often
Manual savings books
Member balances are recalculated by hand and prone to differences when audited.
Late instalments go unnoticed
Managers only learn of arrears after they have grown large.
Annual meeting reports take weeks
Preparing financial statements and surplus distribution takes weeks of recapping.
Systems we can build
Members and savings
Principal, mandatory, and voluntary savings recorded per member with full history.
See the service: Custom SoftwareLoans and instalments
Instalment schedules, interest or service fees, and late penalties calculated automatically.
See the service: ERP DevelopmentFinancial reports and surplus
Balance sheet, profit and loss, and surplus distribution built from the same transactions.
See the service: Dashboard & ReportingMember app
Members check their savings balance and remaining loan from their phone.
See the service: Mobile ApplicationOur clients in this industry
Articles for this industry
Audit Trails and Internal Control in ERP Systems: Growing Without Losing Control
What an audit trail is, what deserves recording, segregation of duties, approval flows, exception reports, and preparing for an external audit in an ERP system.
A Faster Monthly Close with ERP: From Late Reports to Figures You Can Use
A slow close comes from upstream. How to set up a close calendar, record at the source, reconcile throughout the month, apply cut off rules, handle inventory and recurring journals, review, and lock the period.
Ready to build a system that grows with your business?
Discuss your needs with the AG·SORA team, no cost, no commitment.