Sacco System Documentation

One of the challenges that saccos face is access to timely and correct information. The FinITC Sacco Management Solution does not have this limitation because all information is found in one common database.

Yes, the product is cloud by design. No installation files are required. Using a Sacco Management System in the cloud means always being up-to-date with the latest version of the product.

This section introduces the general concepts of the user interface design of the Sacco Management System. With the user interface, you can focus, prioritize, and apply your expertise. Key data is visualized so that you better understand your business. The user interface has different components, which are discussed.

The General Setup window is used to specify a default setting for the general ledger and other application areas.The general setup must be completed for each sacco that is set up in the system.

Two main components of the General Ledger application area are the Chart of Accounts and General Journals. These will be discussed in this section.

Receivables are claims for payment held by the Sacco for services rendered to the sacco members such as loan disbursments and member registration fees that sacco members have ordered but not paid for.

The Sacco Management System allows sacco members to access their information and perform routine tasks with limited interaction with the sacco administrator. Sacco Members can download their member statements, make sacco deposits, withdraws and requistions for sacco loans.

Saccos transform member savings to investments. The FinITC Sacco Management Systeme ships with an investment module that allows sacco accountants to invest in Fixed Deposits, Treasury Bills and Treasury Bonds.

Explore a list of frequently asked questions (FAQs) and answers in relation to the FinITC Sacco Management System.