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PrimeSoft Solutions (K) Ltd
SAVCO
All Versions
What is SAVCO?
SAVCO® is a complete integrated
software that has all essential
components to manage and run a
savings and credit organisation
It is easily learned and operates on Microsoft
Windows 2000, 2003 server, XP, VISTA,
Windows 7, 2008 server and any newer
versions. It is User Customizable and Fully
Parameterized
What Does SAVCO Contain?
Customer & Member Full Registers
Loans, Deposits & Shares Management
Remittances & Statements
Banking Services (FOSA)
ATM & SMS Banking Services
Fixed Deposits Accounts
Commercial Shares Management
Customer Products Management
Dividends &Saving Interest
General Ledger Accounting & Reporting
Customer & Member Details
•Official Details
•Identifications
•Classifications
•Beneficiaries
Loan Management - Application
•Loan Application
•Guarantors
•Commission Fees
•Amortization
Loan Processing Flow
Loan
Application
Loan
Applicant
Advised
Enters
Monthly
Check off
Loan
Approved
in SAVCO
by Loan
Officer
Entered
Into
SAVCO
Loan
Appraisal
Loan
Committee
Approves
or Rejects
Printed
Copy Sent
to Loan
Committee
Loan Management - Activities
►Workbench for Creating &Approving loans
►Appraisal & Approval Workbench
►Changing Loan Repayment Values
►Writing Off Loan Interest
►Changing Repayment Due Dates
►Enquiring on Guarantors
►Generating Due Interest/Principal Payments
►Penalizing Loan Defaulters
►Mass Data - Journal Transactions Entry
►Importing Loan Transactions
►+ Miscellaneous Related Activities
Loan Management – You Can Control/1
Loan Products to be Used
Maximum & Minimum Loan Amount
Maximum & Minimum No. of Guarantors
Maximum & Minimum Repay Periods
Loan & Shares Ratio
Loan & Savings Ratio (4.x)
Loan Full Guarantee Security
Number of Loans One can Guarantee
How Loan is Written Off
Loan Management – You Can Control/2
Interest & Principal are Separated
Loan Appraisals
How Loan Penalty is Calculated
Minimum Shares for Eligibility
Minimum Savings for Eligibility (4.x)
Who to Approve Loans
Loan Value a User Can Approve
Commissions ,Fees & Penalties
Many More User Defined Parameters
Remittances and Statements
Transactions Entry
for Each Individual
One by One or Bulk
Entry as Journals
Pay Remittances:
Loan & Interest
Shares , Deposits
& Others
Share Product Management – Commercial Shares
Business/Saleable Products & Market Activities
Business/Saleable Products & Valuations
You can (re)value what to pay the customers
for their products by either
•Between certain periods
•For only certain products
Then post money to customer accounts
Customer Banking Services
•Defining Accounts
•Teller Activities
•Unlimited Service Types
•Unlimited A/C Types
•Banking Controls
Customer Banking Services – You can Control /1
Minimum Operating Balance
Opening & Closing Fees
Interest Rate
Type of Services and Charged Fees
Maximum Balance
Dividend Earnings
Credit Charge on Outstanding Payments e.g. for Cards
Overdraft Processing, e.g. Maximum, daily
or Monthly Charge
Customer Banking Services – You can Control /2
Minimum Withdrawal in one Transaction
Maximum Withdrawal in one Transaction
Withdrawal Charges
Deposit Charges
Withdrawal Intervals in Days - From Last
Transaction
Minimum Interest Balance
Cashiers End of day Reconciliations
Many More User Defined Controls
Fixed Deposits Management
Ledger & Cash Book Menu
Ledger Accounting
Chart Of Accounts
Journal Transaction
Recurring Journals
Asset Register
Import Transactions
Approval Controls
Asset Register
Budget Planning
Initialize Budgets
Import From Excel
Original Budgets
Revise Budgets
Finalize Budgets
Fully Customizable Chart of
Accounts
Ledger entries are entered in
journal format
Banking Tellers are controlled
from their ledger accounts
Real-time Update of all master files
Transaction can be imported from
Excel
Automatic Accounting Reports:
Trial Balance, Balance Sheet,
Income & Expenditure Statements
etc
User Management
Controlled by User IDs and Passwords
User ID Can Be Define to Expire After a Certain Period
Can Control Whether they can Work Over Weekends
Can Control Whether they Should Sign After 5 PM
Users are Restricted to Windows and Activities They Perform.
They can be Allocated a Initial Default Window
They can be Allocated a set of Favourite Windows & Tasks
Cashiers can be Allocated an Account for Daily Balancing.
Cashiers can be Forced to Have Cash Before Operating.
Non Cashiers can be Denied Access to Teller Functions
User can be Restricted to Own Journals
More Restrictions and Controls are Available
Reports – Standard, Members & Customers
Standard Reports
Teller Driven
Member Driven
Customer Driven
Reports – Summary
•No Limit on Supported Reports
•Reports can be Exported to Word, Excel, PDF, etc
•Average of 280 Reports on a Single Installation
•Reports Menus Customized to What You Want
•During Implementation
•Own Reports Developed Without Charge
•Fit Reports to Special Printers Without Charge
•Train on How to Create/Modify Reports
•During Use
•New Reports can be sent Via Mail.
•Write Own Reports - Data Dictionary Available
Implementation
IMPLEMENTATION PLAN
INSTALLATIONS
DATA LOAD
TRAINING
LIVE USE
OWN SUPPORT
SUPPORT AGREEMENT
Implementation Tasks
•Data Loading for Big and Small Databases
•Import from Excel wherever Possible – Use Templates
•Training
•Own or Assisted Training on Own Data.
•Software Installation
•Client PCs and Database on Server
•Free Oracle 10g Express Server for members between
1000 and 3000
•Free IBM DB2 C9X for members over 3000 to 20000
•Can purchase licences for Oracle & DB2 Databases
•Maintenance & Support Agreement - Available
Cost Breakdown
Description
Money
Based on Size
Installation/Setup & Initial
Data Loading
Computers and Hardware
(Network, Printers etc)
Software Products
Customer Sourced
Expenses & Miscellaneous
Based on Location &
Size
Totals
Base Price
$$$$$$$$
PrimeSoft Solutions (K) Ltd
THE END