Chit Fund Financials

Industry vertical – Financial & Chit Funds Management

Description

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This Windows Desktop app helps in defining “Chit Groups” which are categories pertaining to the value of chits. The app assigns Chit Collection Agents/Executives to the respective Chit Customer with the status of outstanding amounts customer-wise.

Key Features

  • If the Chit Customer has paid his liable amount before the due date, incentive amount will be benefited by the ‘Chit Company’ to the customer as per the business requirement
  • If the Chit Customer has paid his liable amount after the due date, penalty amount will be charged by the ‘Chit Company’ to the customer as per the business requirement
  • Whenever chit is lifted by any customer, ‘Company Commission’, ‘Dividend to Other Chit Members’ will be posted to the respective accounts
  • Within a “Chit Group”, Chit lifted members will be highlighted in different color
  • Option to generate Outstanding amount Customer-wise

Developer Code: 01-01-001
Release Date: 12-09-2013