Co-operative Banking System
Co-operative Banking System
A self-sufficient solution for cooperative societies
Branch Segregated GL integration
Increased Financial Discipline in Cooperatives
Customized Modularized System
Multiple Branch Support
Management of External Pay Methods
Overview
A Co-Operative society is a voluntary association of persons, whose motive is the welfare of the members. The EPIC Co-operative Banking System (CBS) is a Comprehensive banking system that is built to support the Co-Operatives in a particular region. It is intended to Increase financial discipline in Cooperatives with Multiple Branch Support & Branch Segregated GL integration. It comprises all core banking functions such as maintaining savings accounts, granting loans, and maintaining fixed deposits within a cooperative society. Out of the numerous advantages it offers, security is of utmost importance which is guaranteed through EPIC CBS.
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Key Modules
Membership Module
Loan Management Module
Deposit Management Module
Subscription-To-Savings Scheme (STSS) Module
Deductions Module
Payments and Receipts Module
Reconciliation Module
System Administration Module
Reference and Master Data Management Module
GL Interface Module
Value Enhancements
- Minimize frauds within cooperatives
- Reduced cost of operations through reduced workforce
- Centrally located member information
- Manage tasks efficiently using updated information
- Highly agile and customizable design
- Shortened lead time
System Attributes
- Runs 24*7 without human intervention
- Accommodates scalability in transaction volumes
- Supports different levels of logging to provide varying levels of information
- Generate alerts in the event of a system failure
- Built using industry-standard technology infrastructure
