SACCOs (Savings & Credit Co-operative Societies) play an important role in uplifting lives in the community through financial inclusion. BR SACCO is a robust tech architecture that helps drive market access in diverse geographies with multi-channel, multi-currency and multi-lingual features.
New age technology for the next generation SACCOs provides –
- Enterprise-class security architecture
- Flexible solution with integration capabilities across diverse systems
- Low cost solution with high performance
- Key ratios and indicators that are documented in the MIS guidelines from World Council of Credit Unions (WOCCU) and CGAP.
- Centralised web-based application for better control.
- Can operate independently of the platform and in any standard browser
Driving future-ready SACCOs
Integration of all products and services for improved operations
Effective risk management tool with features for reconciliation of financial data
Multiple communication channels and payment options for faster transaction processing
Inbuilt financial reports exportable to multiple formats
Low learning curve for SACCO users
Easy management of business operation
Faster processing of transactions
Monitor user transactions to prevent suspicious activities
Craft Silicon’s range of solutions supported the digital transformation for the SACCO by reconciliations, receipting and interbank transfers among the operations that the system has automated.
For more than 5 years, Paramount Bank has worked with Craft Silicon to implement the most innovative ways to help with the banks day to day running and to help with efficient and effective ways for our customers to bank digitally. With this Craft Silicon has provided a full suite web based core banking system and channels system to cater for both retail and corporate customers. We are satisfied with the continued support accorded by Craft Silicon to ensure smooth business operations.