HiCoops is a business management software for Cooperatives Society. Helping Cooperatives Societies manage all types Members Savings and Members Borrowing, Share Capital, Send emails etc. It keeps tracks of Members Loan History, Saving History, Withdrawal from Saving, Terminal Benefits and so on. Using the Application, you can also integrate the Interface with QuickBooks Desktop Accounting for automatic preparation of Final Accounts
Essential Edition
Price/License
₦195,000 ₦155,000 One-off
Key Features:
Security Area:
- User Name and Password
- Over 10 Levels of Security to protect Business Owner
- Limit Data Deletion to Advance Users Only
- Users Activities Monitor
- Database password protection
Operational Area: SAVERS:
- Ability to add member
- Ability to generate monthly deduction
- Ability to update Savers with monthly deduction automatically
- Ability to determine which monthly deduction should be posted
- Ability to change/Edit the amount of monthly deduction for member
- Ability to store the monthly deduction CHANGE HISTORY
- Ability to view monthly deduction CHANGE HISTORY per member
- Ability to pull/update registered members from online/offline Data location
- Ability to withdraw from savings
- Ability to pay off retiring members
Savers Report Area:
- Ability to view savers balances base on categories of savings
- Ability to export individual savers balances to excel file
- Ability to penetrate into details by double click (Saving history, savers membership details, Borrowing status, Monthly deduction changes, Retire or Not)
- Ability to view monthly deduction change Report
- Ability to Generate retired member Report/Payoff position
- Ability to view active members list
Operational Area: Borrowers:
- Ability to compute Loan Interest Annually/Monthly
- Ability to automate data for loan period
- Ability to generate Monthly/Annually principal Repayment
- Ability to generate monthly expected Principal/interest Repayment
- Ability to input penalty amount [which increases the Borrower’s Liability]
- Ability to view loan with outstanding Repayment- recode with IDENTIFIER
- Ability to dig deep individual loans with outstanding repayments
- Ability to accept pay off from Members/Borrowers
- Ability to delete/reverse transaction (In Case)
Borrowers Reports:
- Ability to view Individual Balances (using Loan Type, IDENTIFIER, Name & Date range)
- Ability to export individual Balances to Ms Excel file
- Ability to penetrate into details by double clicking.
- Ability to view completed loan principal & interest Repayment
- Total Principal collection for the period (Date Range)
- Total Interest collection for the period (Date Range)
- Total Individual Running Loan
- Total pay off Accepted for the period
- Ability to export principal collection and Interest collection for individuals into Ms Excel file
Deductions:
- Computing Members REGULAR-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members OVER-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members UNDER-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members OMITTED-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Loan Set-off/Cash Payment
- Members Claims – Direct Payback
Miscellaneous:
- Ability to track members retiring within one year
- Ability to track number of members with Expected Loan Not Paid (On Login)
- Ability to automatically Backup data once daily.
- Dynamic Reporting [Top X Savers and Borrowers, Oldest Member, Lower Savers and Borrowers, Youngest Member, Member retiring in X year etc]
Watch Demo on YouTube
Standard Edition
Price/License
₦350,000 ₦215,000 One-off
Key Features:
Security Area:
- User Name and Password
- Over 10 Levels of Security to protect Business Owner
- Limit Data Deletion to Advance Users Only
- Users Activities Monitor
- Database password protection
Operational Area: SAVERS:
- Ability to add member
- Ability to generate monthly deduction
- Ability to update Savers with monthly deduction automatically
- Ability to determine which monthly deduction should be posted
- Ability to change/Edit the amount of monthly deduction for member
- Ability to store the monthly deduction CHANGE HISTORY
- Ability to view monthly deduction CHANGE HISTORY per member
- Ability to pull/update registered members from online/offline Data location
- Ability to withdraw from savings
- Ability to pay off retiring members
Savers Report Area:
- Ability to view savers balances base on categories of savings
- Ability to export individual savers balances to excel file
- Ability to penetrate into details by double click (Saving history, savers membership details, Borrowing status, Monthly deduction changes, Retire or Not)
- Ability to view monthly deduction change Report
- Ability to Generate retired member Report/Payoff position
- Ability to view active members list
Operational Area: Borrowers:
- Ability to compute Loan Interest Annually/Monthly
- Ability to automate data for loan period
- Ability to generate Monthly/Annually principal Repayment
- Ability to generate monthly expected Principal/interest Repayment
- Ability to input penalty amount [which increases the Borrower’s Liability]
- Ability to view loan with outstanding Repayment- recode with IDENTIFIER
- Ability to dig deep individual loans with outstanding repayments
- Ability to accept pay off from Members/Borrowers
- Ability to delete/reverse transaction (In Case)
Borrowers Reports:
- Ability to view Individual Balances (using Loan Type, IDENTIFIER, Name & Date range)
- Ability to export individual Balances to Ms Excel file
- Ability to penetrate into details by double clicking.
- Ability to view completed loan principal & interest Repayment
- Total Principal collection for the period (Date Range)
- Total Interest collection for the period (Date Range)
- Total Individual Running Loan
- Total pay off Accepted for the period
- Ability to export principal collection and Interest collection for individuals into Ms Excel file
Deductions:
- Computing Members REGULAR-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members OVER-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members UNDER-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members OMITTED-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Loan Set-off/Cash Payment
- Computing NON-Members deduction
- Members Claims – Direct Payback
- Members Claims – Charge to Account
Miscellaneous:
- Ability to track members retiring within one year
- Ability to track number of members with Expected Loan Not Paid (On Login)
- Ability to automatically Backup data once daily.
- Dynamic Reporting [Top X Savers and Borrowers, Oldest Member, Lower Savers and Borrowers, Youngest Member, Member retiring in X year etc]
- Alternative Interest on Loan base on repayment period
- Generating Members Dividend base on formula – Addition formula can be added on request
- Ability to post Item Loan for Member
- Ability to use Loan Administrative Charge feature
- Ability to use Loan Surety feature
- Ability to Members Next of Kin feature
- Ability to Split Members Savings
Enterprise Edition
Price/License
₦500,000 ₦320,000 One-off
Key Features:
Security Area:
- User Name and Password
- Over 10 Levels of Security to protect Business Owner
- Limit Data Deletion to Advance Users Only
- Users Activities Monitor
- Database password protection
Operational Area: SAVERS:
- Ability to add member
- Ability to generate monthly deduction
- Ability to update Savers with monthly deduction automatically
- Ability to determine which monthly deduction should be posted
- Ability to change/Edit the amount of monthly deduction for member
- Ability to store the monthly deduction CHANGE HISTORY
- Ability to view monthly deduction CHANGE HISTORY per member
- Ability to pull/update registered members from online/offline Data location
- Ability to withdraw from savings
- Ability to pay off retiring members
- Ability to manually send monthly deduction to QuickBooks [ Alternative to automatic]
Savers Report Area:
- Ability to view savers balances base on categories of savings
- Ability to export individual savers balances to excel file
- Ability to penetrate into details by double click (Saving history, savers membership details, Borrowing status, Monthly deduction changes, Retire or Not)
- Ability to view monthly deduction change Report
- Ability to Generate retired member Report/Payoff position
- Ability to view active members list
- Ability to query the retiring members using data of retirement.
Operational Area: Borrowers:
- Ability to compute Loan Interest Annually/Monthly
- Ability to automate data for loan period
- Ability to generate Monthly/Annually principal Repayment
- Ability to generate monthly expected Principal/interest Repayment
- Ability to input penalty amount [which increases the Borrower’s Liability]
- Ability to view loan with outstanding Repayment- recode with IDENTIFIER
- Ability to dig deep individual loans with outstanding repayments
- Ability to accept pay off from Members/Borrowers
- Ability to delete/reverse transaction (In Case)
- Ability to update QuickBooks with Total Principal & Interest Repayment
- Ability to push periodic expected Principal/interest Repayment to QuickBooks
Borrowers Reports:
- Ability to view Individual Balances (using Loan Type, IDENTIFIER, Name & Date range)
- Ability to export individual Balances to Ms Excel file
- Ability to penetrate into details by double clicking.
- Ability to view completed loan principal & interest Repayment
- Total Principal collection for the period (Date Range)
- Total Interest collection for the period (Date Range)
- Total Individual Running Loan
- Total pay off Accepted for the period
- Ability to export principal collection and Interest collection for individuals into Ms Excel file
Deductions:
- Computing Members REGULAR-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members OVER-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members UNDER-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Computing Members OMITTED-Deduction for Loan, Saving, Admin Charges, Penalty, and Share Capital
- Loan Set-off/Cash Payment
- Computing NON-Members deduction
- Members Claims – Direct Payback
- Members Claims – Charge to Account
Online/Offline Area:
- Ability to extract Data for Online usage (Savers & Borrowers) – Coming Soon
- Ability to generate loan Request Online by Members – Coming Soon
- Ability to link up downloaded load approvals (Directing) – Coming Soon
- Ability to link up online site for viewing member’s loans and savings (Internet Required) – Coming Soon
Miscellaneous:
- Ability to track members retiring within one year
- Ability to track number of members with Expected Loan Not Paid (On Login)
- Ability to automatically Backup data once daily.
- Dynamic Reporting [Top X Savers and Borrowers, Oldest Member, Lower Savers and Borrowers, Youngest Member, Member retiring in X year etc]
- Alternative Interest on Loan base on repayment period
- QuickBooks Desktop Accounting Integration for preparation of Final Account
- Generating Members Dividend base on formula – Addition formula can be added on request
- Ability to post Item Loan for Member
- Posting of Dividend to QuickBooks Accounting Package
- Ability to use Loan Administrative Charge feature
- Ability to use Loan Surety feature
- Ability to Members Next of Kin feature
- Ability to Split Members Savings
- Ability to use member’s Loan Swapping
- Ability to use member’s Loan Voiding
- SMS Reporting for Individual Member – Coming Soon
