Chamasoft is a book keeping 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, there by 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.
Focus on your Group Investments (chama, sacco) as we handle your group financial adminstration
Chamasoft acts as an online treasurer. All one does is record payments and Chamasoft reconciles the records.
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.
Chamasoft allows users to track expenses as they occur, be it for land purchases or payments for services.
One can track projects e.g. Expenses regarding purchase of land, and the contributions needed to carry out the project.
For chamas that do internal lending, Chamasoft provides a platform for recording these loans
Chamasoft generates the following reports; Member Statements, Cashflow, Balance Sheet and Profit & Loss
One Time Penalty Management
One can penalize members for issues such a late coming and this will be reflected on the members' statement
Do not wait — Download and automate your group, chama or sacco now!