Vayak Add-on Modules
Photo & Signature
Store photographs and signatures of members and account holders in the software for easy access when needed. Loan societies can maintain photographs of guarantors, property, vehicles, gold, and other collateral.
Member photographs can be captured directly via webcam or imported from previously scanned images. The system supports multiple image formats and provides secure storage for all visual documentation.
SMS & Email Facilities
Send transaction information to members immediately via SMS for events like new account opening, transactions, and account balances. This creates a positive image of your society in the market.
Use promotional SMS to advertise new schemes or products to members. Many societies also send SMS greetings on birthdays and festivals like New Year, Holi, and Rakshabandhan.
Mobile Collection System for Agents
India's first mobile collection system eliminates the need to purchase agent collection machines. Agents only need an Android smartphone and internet connection. With decreasing mobile and internet costs, our Agent Collection Mobile App offers the most cost-effective way to work online efficiently.
Agents simply enter collections in the mobile app and sync data to the cloud server. Society staff can import all data into the software and automatically post to individual ledgers, general ledgers, and day books. SMS notifications can also be sent to customers.
Agent Collection M/C Connectivity Software
Agents can use daily collection machines to provide on-site printed receipts to members. When agents return to the society, simply connect their machine to the software to automatically post all data to individual ledgers, general ledgers, and day books. This eliminates manual data entry and reduces the possibility of errors in transaction recording.
Machine collection is a lengthier process compared to mobile apps, which is why societies are increasingly moving toward mobile app-based collection systems. However, both options are available to suit different society preferences and operational requirements.
Multi Branch Consolidated B/S
Societies with 5-10 branches can merge all branch balance sheets to generate an overall multi-branch consolidated balance sheet. This powerful feature provides management with a comprehensive financial overview of the entire organization across all locations.
The consolidation process automatically eliminates inter-branch transactions and generates accurate combined financial statements. Management can analyze branch-wise performance and make informed strategic decisions based on unified financial data.
Core Credit Solution (Like Core Banking)
Multi-branch or multi-state societies with more than one branch can provide customers the convenience of transacting from any branch with Vayak's Core Credit Society Solution. This facility allows members to deposit or withdraw money from any branch location.
The system maintains real-time synchronization across all branches, ensuring data consistency and accuracy. Members enjoy the flexibility of banking-like services with instant access to their accounts from any branch in the network.