Only five steps is required to set up the platform and start using!
Our platform is in a secure environment and all your data is safe.
All-time available support team ready to help you with any question.
WebSacco is a platform that will provide your sacco, your digital lending business or your microfinance with all the tools you need to run a profitable and digitally aware enterprise.
We provide a cloud version which you can test drive here and we also provide a solution you can install.
We have member tools which will enable your Sacco member to save, borrow and repay through their mobile phones. We provide an omnichannel toolset which encompass:
When it comes to managing your SACCO finances, one needs a tool that eases the workload, is accurate, secure and accessible. Financial information stored on Websacco is done securely ensuring your information is only visible to authorized users. We are available anywhere 24/7 as long as you have a reliable Internet connection.
Websacco provides an enterprise-class security architecture which enables your SACCO account to be integrated with core banking, also designed and engineered for large scale SACCOs, which possesses high sophistication and great performance.
Captures all necessary details about a SACCO, system administrator and members.
Allows members to contribute to their savings and or shares accounts on a daily, monthly, etc. basis, depending on the system configurations. Contributions can also be backdated, and can be configure to be for an outstanding loan. The system also allows for SMS and email notification to the member after transaction completion.
The system automates loan applications, repayment, interests, guarantees, and guarantors. This is usually defined by the SACCOs by-laws. A loan application process can capture: Amount applied for, Reason for the loan, Type of the loan, Repayment period, Disbursement method, Allow addition of guarantors to cover for the amount above member’s available share balance, Display loan repayment schedule/ amortization, Check all organization’s by laws before finalizing the application and much more!
Enables SACCOs to automate certain bulk activities such as loan deductions, special contributions, fees and penalties etc.
Here, the system performs basic bookkeeping activities for the SACCO based on the information captured. This can be: Addition of assets accounts, Addition of liability accounts, Profit and Loss statements, Bank Reconciliations, General Ledger, Trial Balance & Balance sheet, among others.
All reports and statements in the system can be exported to other software applications like, MS Excel and Adobe PDF Reader, and printed out when necessary. Some of the statements include: Member Account Statement, Member account mini statement, Individual saving plan account statement etc. Some of the reports also include: Loan repayment report, Guarantors report, Guaranteed report, SACCO Issued Loan Report, SACCO Loan balances report, SACCO savings report, SACCO available balances report, SACCO daily transactions report, SACCO periodical transactions report, Income report, Expenses report, Bank (statement) transactions report etc.
SACCO administrator has powers to regulate members and their activities on the system.
• Create, update, delete, suspend members
• Assign, Deny member permissions and roles
• Create, Update, Delete SACCO details like Bank Accounts etc.
• Other administrative capabilities.
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