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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

For businesses that handle a substantial volume of transactions, a system is designed to foster seamless connections between banks and ERP systems. This approach has been shown to enhance cash flow, eradicate manual tasks, lower days sales outstanding (DSO), and boost cash visibility. By automating intricate financial tasks, it revolutionizes the finance department. Users have access to a unified hub where they can document notes, view lockbox images, eliminate deductions, and attach real-time information. The intelligent software predicts payment trends based on past performance, underscores overdue accounts, and automatically generates user-defined dunning letters. With these advancements, firms can anticipate increased efficiency in collections and a significant drop in DSO. Revenue and profits often dwindle due to the deduction process, which can be initiated by both large and small companies using specific customer codes and reasons. It allows for deduction management to be adjusted to any bank file or remittance format, facilitating quick review and approval of deductions. Additionally, users can devise reason and deduction codes directly from remittance data, irrespective of the ERP system in use. This comprehensive solution ensures that businesses can efficiently manage their financial operations and significantly reduce losses related to deductions.

Description

Affordable pricing with a straightforward structure allows for unlimited member additions alongside automated share distribution. The software facilitates compliance with all Nidhi regulations, enabling seamless preparation of returns and data reconciliation processes. It includes features such as all necessary Nidhi forms, interest rate tools, and calculators tailored for daily operational tasks. Users can easily manage the initiation of deposits and loans, along with member creation and modifications. Automated deposit and loan forms, as well as the generation of bank statements and passbooks, contribute to a comprehensive deposits module. The platform also offers auto-calculated interest rates, tax deduction at source (TDS) for clients, and online saving forms for fixed deposits (FD) and recurring deposits (RD). Additionally, an integrated internet banking feature streamlines transactions, while an automated employee module eliminates the need for manual paperwork, simplifying salary and incentive calculations. The software includes an auto Nidhi compliance module for efficient NDH-3 preparation, along with a reminder system for upcoming due dates and alerts regarding any compliance issues. Users can also benefit from a mobile application and robust reporting capabilities, alongside a complete loan module that encompasses everything from loan forms to procedures and calculators, ensuring an all-encompassing financial management solution. With these extensive features, the software significantly enhances operational efficiency for Nidhi institutions, making it an invaluable tool for managing finances effectively.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$300 per year
Free Trial Yes 
Free Version No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Cashbook

Founded

1992

Country

Ireland

Website

www.cashbook.com

Vendor Details

Company Name

Hubco Technologies

Founded

2016

Country

India

Website

www.hubco.in/nidhi-company-registration

Product Features

Accounting

Accounts Payable Yes 
Accounts Receivable Yes 
Bank Reconciliation Yes 
Billing & Invoicing Yes 
CPA Firms Yes 
Cash Management Yes 
Cryptocurrency Support No 
Expense Tracking Yes 
Fixed Asset Management No 
Fund Accounting No 
General Ledger Yes 
Government Yes 
Multi-Currency No 
Nonprofits Yes 
Payroll Management No 
Project Accounting No 
Purchase Orders Yes 
Tax Management Yes 

Banking

ATM Management No 
Compliance Tracking Yes 
Corporate Banking Yes 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch Yes 
Online Banking No 
Private Banking No 
Retail Banking No 
Risk Management No 
Securities Management No 
Transaction Monitoring Yes 

Financial Reporting

"What If" Scenarios No 
Audit Trail No 
Balance Sheet Yes 
Cash Management Yes 
Consolidation / Roll-Up No 
Forecasting No 
General Ledger Yes 
Income Statements Yes 
Multi-Company No 
Multi-Department / Project No 
Profit / Loss Statement No 

Payment Processing

ACH Check Transactions Yes 
Bitcoin Compatible Yes 
Debit Card Support Yes 
Gift Card Management No 
Mobile Payments Yes 
Online Payments No 
POS Transactions Yes 
Receipt Printing Yes 
Recurring Billing Yes 
Signature Capture No 

Product Features

Banking

ATM Management Yes 
Compliance Tracking No 
Corporate Banking No 
Credit Card Management Yes 
Credit Union No 
Investment Banking No 
Multi-Branch Yes 
Online Banking Yes 
Private Banking Yes 
Retail Banking Yes 
Risk Management No 
Securities Management No 
Transaction Monitoring Yes 

Alternatives

Alternatives

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