Maze Smart Chit logo

Maze Smart Chit

by MazeNet Tech · Since 2001
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Active1+ countriesCloud
Quick facts
VendorMazeNet Tech
Year launched2001
StatusActive
LocationNo. 312, 7-C, 7th Floor, Gee Gee Emerald Tower, Valluvar Kottam High Road, Nungambakkam, , Chennai, Tamil Nadu 600034 , IN
Countries served1+
Languages1
Integrations
Free tier
Free trial
Contact salesYES

About Maze Smart Chit

Maze Smart Chit is a chit fund management software from MazeNet Tech that aims to manage and simplify chit fund operations. It combines features such as bid online, manage accounts, and handle loans so users can efficiently oversee their chit fund activities. This software is designed for easy access and offers a comprehensive approach to managing multiple aspects of chit funds. Users can easily communicate with customer support through provided contact details. With functionalities tailored for chit fund organizations, Maze Smart Chit ensures a straightforward use in handling transactions. Key capabilities: bid management account tracking loan handling user support detailed reporting Best for: chit fund managers that need to manage and operate chit fund activities effectively.

Maze Smart Chit (MazeChit) is a highly specialized ERP solution designed to completely automate and streamline the complex operations of Chit Fund companies. Its core strength lies in its three-tiered mobile application suite (for admin, agent, and customer) which promotes transparency, efficiency, and on-the-go management of everything from group formation and online auctions to detailed accounting. With a focus on customization and instant SMS/email notifications, it significantly reduces manual errors and improves customer trust. While a crucial tool for its niche market, the software's high specialization and non-public, premium pricing mean it's primarily suited for established or rapidly growing chit fund businesses in the Indian subcontinent.

Pros & Cons

What users like
  • +The system can be modified to suit the unique flow and requirements of an individual chit fund firm.
  • +Automated SMS alerts and online access for customers
  • +Provides dedicated Mobile Apps for all three user types
  • +Perfectly tailored for the unique operations and regulatory needs of Chit Fund companies
What users flag
  • Public pricing is not clear
  • The primary focus is India
  • Highly specialized for the Chit Fund market

Features

Key features

Online Bidding & Auction Management
Facilitates the digital conduct of chit auctions and allows customers to make online bids directly, ensuring transparency and efficiency.
Integrated Mobile Application Suite
Provides three distinct mobile apps for the Owner/Admin, Collection Agents, and Customers. This enables all stakeholders to access real-time transactions, reports, and payments from anywhere.
Transparent Communication (SMS/Email Alerts)
Automates communication by sending instant SMS alerts and email services to subscribers for receipts, dues reminders, auction intimations, and dividend details.
Comprehensive Chit Fund Accounting
Manages all core financial processes unique to chit funds, including chit registration, group formation, penalty/bonus calculations, chit-wise ledgers, and general accounting features like Balance Sheet and Profit & Loss.
High Customizability
The software is designed to be highly customizable, allowing firms to add more facilities or develop the application in a way that specifically meets their unique operational requirements.

Additional features

Group/Member Management
Creation of chit groups, adding customers, assigning tickets, and managing prize/intimation.
Subscription Cheque Management
Tracking and management of customer payment cheques.
Auction Entries & Notifications
Recording auction details and notifying customers of auction intimation, participation, and dividend amounts via SMS/email.
Invoicing & Expense Tracking
Standard financial features for managing billing, expense recording, and overall financial reporting.
Payroll Management
Tools for managing employee payroll and incentives.
Bank Reconciliation
Process for reconciling company bank statements with the software's records.
Multi-Branch Management
Allows the firm to view and retrieve information from multiple branches from a single point of access.
Security Management
Includes encrypted passwords, user-based rights, auto-logout, and log monitoring to ensure data safety.
Document Management
Tools for managing customer and chit-related documents.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

1
Countries served
1
Interface languages
1
Billing currencies

Available in

India

Interface languages

English

Billing currencies

🇮🇳INR

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