Understanding Flynta CBS as a Banking Software for SACCOs
Most Community-Based Organisations (CBOs) and Self Help Groups (SHGs) are rapidly growing and are in need of professional systems. Flynta has modelled Banking Software for SACCOs with all the necessary guidelines to manage the SACCO activities. It is designed to manage resources (members' contributions and loan management) and other administrative SACCO activities. We offer managed and outsourced services based on demand, and service the system to keep up with contemporary banking processes.
Managed Services
Flynta runs the software directly from our services, linked to our accounting processes. SACCO officials will create an account on our platform, allocate responsibility and manage the group's resources. Every transaction is recorded on the platform for accountability and posterity. This model works for groups that are still in their introductory phase and do not have the infrastructure to run the system on their own. We will offer all the technical and financial guidelines on what to do, and also educate group members on chama management best practices. Flynta considers this as the first step towards financial inclusion, guiding budding groups towards resource mobilisation and utilisation. It is a long-term engagement, with training on system usage, financial management theory, growth indications and opportunities that come with fully utilising the system.
Outsourced Services
We can also outsource the Banking Software for SACCOs to established organisations with the capacity to run the system. The organisation can set up a subdomain which we will onboard, customise the interface, link the organisation's bank account, and give them full access. The financial inclusion sessions are optional, and we charge a percentage of the proceeds as commission. This model works best with mid-sized SACCOs that are on a growth trajectory and require sustainable software to manage their processes. Based on their needs, we can custom-make the system to suit their needs by adding or removing some functionality. However, since the core principle for a Banking Software for SACCOs remains the same, most of the processes embedded in Flynta remain the same. If you need the software, reach out, and we will gladly assist.
Why We are the Best Banking Software for SACCOs in Kenya
The core mandate of Flynta is financial inclusion, and through this system, we have a head start. Offering this Banking Software for SACCOs, be it outsourcing or managed, allows more people to join the clamour for financial independence. Despite the fact that most of our target customers do not have enough to satisfy their needs, they can build the community as a group, one contribution at a time. Therefore, we are not your regular chama management system, but an ecosystem designed to alleviate communities from perennial poverty, using their resources. Welcome to Flynta, and let us help you unleash your group's potential.