Insync Sacco

Products

System provides Maintenance of different share types.

Members

Registration, Activation and deactivation of accounts, Creation and Maintenance of
Member Subsidiary Ledger Accounts in Insync Accounts. Maintenance of Member share
Contribution types and Loan types.

Withdrawals

Member withdrawal and Refund Management.

Loans

Set up of Loan Types and Interest Types and percentages, Member Loan Application,
specification of collaterals and Guarantors, Authorization and Disbursement, Generation and
Maintenance of Loan Repayment Schedule.

Loan Interest Accruals

Posting of the same to respective General Ledger and Subsidiary
Ledger accounts.

Payments

Generation of Deduction advice to employers, capturing of Member Share
Contribution and Loan Repayments, posting to respective General Ledger and Subsidiary
Ledger accounts.

Reports

Member Share Contribution Statements, Loan Repayment Statements, and various
analytical and accounting reports.