Chamasoft

About Chamasoft

Chamasoft is a bookkeeping tool for Investment Groups ( Chama ), commonly known as Chamas.

Chamasoft automates the operations of these groups, eliminating the need for complex Excel sheets and bulky write up, thereby making the work of financial book keeping within the group easier.

It achieves this in the following way:
1. It automates member invoicing,
2. Keeps an updated statement for each member,
3. Members can login to view their financial position within the group,
4. Reminds members to make payments, stores group data on the cloud (available 24/7 anywhere in the world) and
5. A cash book module for use by the Treasurer.

FEATURES:

Chamasoft E-Wallet
Chamasoft provides an online E-Wallet that chamas can use to manage their finances by making payments via M-Pesa and withdrawals to M-Pesa or any bank account.

Financial Management
Chamasoft acts as an online treasurer. All one does is record payments and Chamasoft reconciles the records.

Membership Management
Chamasoft allows one to register all members on the system where they access to their chama records online.

Bank Account Management
Chamasoft records withdrawals, transfers and deposits that are performed on the bank accounts.

Expense Management
Chamasoft allows users to track expenses as they occur, be it for land purchases or payments for services.

Project Management
One can track projects e.g. Expenses regarding purchase of land, and the contributions needed to carry out the project.

Loan Management
For chamas that do internal lending, Chamasoft provides a platform for recording these loans.

Financial Reports
Chamasoft generates the following reports; Member Statements, Loan Summaries, Expense Summary and Transaction Statements.

One Time Penalty Management
One can penalise members for issues such a late coming and this will be reflected on the members' statement.

For more information on Chamasoft, you can visit our documentation portal

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