Employee Credit Co-operative & Consumer Society Software

Specialized software solutions for employee welfare societies with advanced recovery and management features

Special Features for Employee Societies

Vayak Software provides specialized features designed specifically for employee co-operative societies, including dynamic recovery sheets and automated posting systems.

Recovery Sheet: Perfect branch, department, or division-wise recovery sheets sent to HR for automatic deduction. Reduces 10-15 days of work to just 10-15 minutes with automatic posting.

Policy-Based Software: Fully customizable recovery sheet headers, footers, and columns. Modify entire software in 1 minute when schemes change.

Division Transfer: Easily transfer employees between branches or divisions during transaction posting.

Group-wise Receipts: Print personalized receipts group-wise for distribution through departments.

Comprehensive Reports: Division-wise recovery sheets before and after collection, plus short recovery reports.

Questions to Ask Before Purchasing Software

Critical questions to evaluate before selecting software for your employee society to ensure long-term success and support.

User Base: How many employee societies are using this software?

Experience: How many years of experience does the supplier have in developing employee society software?

Support Duration: Will service and support be available for a minimum of 10-15 years?

Complete Features: Does the software include accounting, recovery modules, all deposit schemes, and loan management?

Warning: If fewer than 100 societies are using the software, avoid purchasing it - even if offered for free. You may not receive upgrades and service support in the future.

Employee Co-operative Society Concept

Employee Credit Societies are financial institutions governed by their by-laws and registered at the district level. They function as mini-banks for employees of a single company, organization, or government department.

These societies collect deposits through various schemes like Compulsory Saving, Fixed Deposits, Recurring Deposits, Savings Accounts, Member Shares, and Insurance Schemes. The collected amount is provided as loans to needy members, with the interest margin serving as the society's profit for member welfare.

Why Computerization Often Fails

Many employee societies attempt to use local software or develop solutions through company staff members. While this may seem cost-effective initially, it often leads to project failure.

Developers become tired of providing free or low-cost social services, and staff transfers can completely derail computerization projects. Professional, proven software is essential for long-term success.

Importance of Professional Software

Choosing the right software is the most critical decision for employee societies. Improper software can cause significant suffering for the organization.

Always select software used by many employee societies, ensuring the developer has maximum knowledge of society operations, accounting, and regulations. Leverage their experience and software depth for your success.

Trusted by Leading Organizations

Vayak Software is widely used across India by employee co-operative societies, including major corporations and government departments.

Our clients include Tata Chemicals, Videocon, Amul Dairy, Novino, Gujarat Glass, Voltas, Asian Paints, Ambuja Cement, numerous bank employee societies, and teachers' co-operative societies.