Chit Fund Management Software: Chit Fund Software | Chit Fund Management Software...

Chit Fund Management Software: Chit Fund Software | Chit Fund Management Software...: Websoftex Software Solutions Private Limited, a Bangalore based Company, an authorized software service provider engaged in Chit Fund ...

Chit Fund Software | Chit Fund Management Software| Free Chit Fund Software

Websoftex Software Solutions Private Limited, a Bangalore based Company, an authorized software service provider engaged in Chit Fund Software Development This software is designed to systematize the work of the chit that is being organized by the person who conducts that chit. This software systematizes all the activities that are being carried out by the chits. As a whole this is efficient for all organization those organize chits.

Example: Functioning of Chit funds are better explained using an example. Take a typical chit fund with 25 members contributing Rs 100 per week. This fund will run for 25 weeks. On the first week all members will contribute Rs 100. An auction meeting will be conducted, and the foreman of the chit fund will preside over it. The total amount will be Rs 2,500. The auction will start with this amount. Bidders will start bidding by discounting this amount (reverse bidding). Let us consider that lowest any person bids is Rs 2,150 (a discount of Rs 350). This amount (Rs 2,150) is given to this winning bidder. Rest of the amount (Rs 350) is divided by 25, bringing the discount per person to Rs 14. This discount amount is returned back to each member. Sometimes a part of this may be kept by the foreman as service charges, usually in organised chit funds. 

How it Works ?

Different chit funds operate in different ways; and there are also many fraudulent tactics practiced by many private firms. The basic necessity of conducting a 'Chitty' is a group of needy people called subscribers. The foreman - the company or person conducting the chitty - brings these people together and conducts the chitty. Foreman is also the person responsible for collecting the money from subscribers, presiding the auctions and keeping records of subscribers. He is compensated a fixed amount (generally 5% of gross chitty amount) monthly for his efforts; other than that the foreman does not has any specific privileges, he is just a subscriber of the chitty.

General features:-

Subscriber Ledger.

Group Wise Outstanding Statements.

Collection Wise Outstanding Statements.

Branch Wise Outstanding Statements.

Company Wise Outstanding Statements.

This Allows The User Creation As Per The Permission Given By The Admin.

This Software Can Efficiently Handle Chit Details.

These Can Maintain Customer Details.

These Can Maintain The Chit Taken Details Of Every Individual Customer.

These Can Efficiently Handle Amount Collection Details.

 Prized Subscriber List.

 Report:-

 Reports Are Generated Instantly.

Date Wise Reports Can Be Generated.

 Loan Id Wise Reports Can Be Generated.

Customer Wise Reports Can Be Generated.

Monthly Wise Reports Can Be Generated.

Name Wise Reports Can Also Be Generated.

All Outstanding Report.

Prized Summarized Outstanding Report.

Non Prized Summarized Outstanding Report.

 Auction Dates List 

Utilities:-

Excel Data Import.

Excel & PDF Data Export.

 For More details log: http://chitfundsoftware.in/

Address:-

Websoftex Software Solutions Pvt. Ltd.
#240/A, 3rd Cross, Gokula 1st,
Stage, 1st Phase Mathikere, Bangalore - 560 054, Karnataka, India.

Contact Details:-

Santhosh kumar

9590355556

Info@websoftex.com