Somity Keeper logo

Somity Keeper

by Software Bazar · Since 2018
No reviews yet
Active1+ countriesCloud
Quick facts
VendorSoftware Bazar
Year launched2018
StatusActive
LocationHouse 3, Road 9/B, Sector 5, Uttara, Dhaka
Countries served1+
Languages1
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesN/A

About Somity Keeper

Somity Keeper is a business management software from Software Bazar that supports various organizational needs. It combines project tracking, resource management, and reporting tools so businesses can efficiently monitor progress and allocate resources. This software is designed to help teams collaborate effectively, ensuring projects stay on schedule. Additionally, it provides customizable dashboards that allow users to visualize key metrics at a glance. Somity Keeper is suitable for businesses looking for a comprehensive solution to manage their workflows and improve productivity. Key capabilities: project tracking resource management reporting tools customizable dashboards team collaboration Best for: businesses that need to manage projects and resources effectively.

Somity Keeper is a highly comprehensive, cloud-based microfinance management software designed specifically for cooperative societies and NGOs. Its core strength lies in its vast array of specialized modules, including Member, Share, General Savings, and advanced Loan management (DPS, FDR, CC, Special), ensuring that virtually every institutional requirement is met. The system significantly enhances transparency and efficiency by automating complex accounting functions, such as accurate profit distribution based on monthly closing balances and managing intricate staff funds, providing error-free financial reporting across all user levels. Deployment is entirely cloud-based, guaranteeing accessibility from any device, anytime. The software offers a robust Mobile Application, which is essential for field operations, allowing for 100% of money collection tasks to be completed remotely. The platform supports unlimited users, features customizable user roles, and is multilingual, operating seamlessly in both Bengali and English. While the system operates as a readymade software, requiring institutions to adapt to its common operational structure, the developers emphasize their commitment to continuous updates and easy usage, even for employees with limited technical skills. The pricing structure for Somity Keeper is tiered.

Pros & Cons

Pros
  • Provides a comprehensive suite for cooperative and microfinance societies covering savings, loans, shares, and assets.
  • Cloud-based access allows remote management and monitoring of operations from anywhere.
  • Multi-language support (Bangla and English) and mobile-friendly interface improves usability for local staff.
  • Automated profit distribution and SMS notifications reduce manual workload and errors.
  • Unlimited user access with role-based permissions enables scalable multi-branch operations.
Cons
  • May require internet access at all times due to cloud-based nature, limiting offline usage.
  • Initial setup and data migration for large societies could be time-consuming.
  • Interface may be overwhelming for new users due to the large number of modules and features.
  • Advanced reporting and analytics may require training to fully utilize.

Features

Key features

Member Management

Stores and manages detailed member information, membership status, and updates for cooperative societies.

Share Management

Tracks issuance, transfer, and dividend distribution of cooperative shares.

General Savings Management

Manages regular savings accounts, deposits, balances, and interest calculations for members.

Loan Management

Processes general and special member loans including approval, repayment schedules, and interest calculation.

Staff Fund Management

Manages staff salary, provident fund, security deposits, and other internal staff financial activities.

Automatic Profit Distribution

Calculates and distributes annual profits automatically based on member contributions and balances.

Monthly Savings (DPS) Management

Manages recurring monthly deposit schemes for members efficiently.

CC Loan Management

Handles cash credit loans for members including limits, interest, and repayment tracking.

Additional features

Member Management

Stores and manages detailed member information, membership status, and updates for cooperative societies.

Share Management

Tracks issuance, transfer, and dividend distribution of cooperative shares.

General Savings Management

Manages regular savings accounts, deposits, balances, and interest calculations for members.

Loan Management

Processes general and special member loans including approval, repayment schedules, and interest calculation.

Staff Fund Management

Manages staff salary, provident fund, security deposits, and other internal staff financial activities.

Automatic Profit Distribution

Calculates and distributes annual profits automatically based on member contributions and balances.

Monthly Savings (DPS) Management

Manages recurring monthly deposit schemes for members efficiently.

CC Loan Management

Handles cash credit loans for members including limits, interest, and repayment tracking.

One-Time Deposit (FDR) Management

Manages fixed-term deposits, interest calculation, and maturity tracking.

External Loan Management

Tracks loans taken from external sources and manages repayment schedules.

Bank Module

Records and manages multiple bank accounts, deposits, withdrawals, and transfers.

Director Management

Maintains board of directors’ information, roles, meeting records, and responsibilities.

Special Loan Module

Supports unique loan types beyond standard loans with full tracking and repayment features.

Asset Management

Tracks cooperative assets such as land, buildings, and vehicles including depreciation and transactions.

Voucher/Income-Expense Tracking

Maintains detailed income and expense records via vouchers and generates reports for auditing.

Mobile Access

Enables real-time access to member and financial data via smartphones.

Notice Management

Publishes and tracks notices or announcements for members.

Meeting Management

Schedules and manages meetings, records attendance, and tracks decisions made.

SMS Notifications

Sends real-time SMS alerts to members for transactions, deposits, and important updates.

Staff Target Tracking

Allows setting, monitoring, and evaluating staff performance targets.

Ledger/Passbook Management

Maintains individual member transaction records and passbooks.

Collection Management

Consolidates collection of savings, DPS, and loan installments into a single process.

Document Management

Digitizes and organizes all documents, contracts, and financial records for easy retrieval.

Identity Verification

Verifies member identity using national database integration for accuracy.

Task & Reminder Management

Schedules tasks, sets reminders, and sends alerts to ensure timely completion.

Donation/Subscription Management

Handles collection, tracking, and reporting of donations or member subscriptions.

Pricing

Free trial
Free version
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Countries & Languages

1
Countries served
1
Interface languages
1
Billing currencies

Available in

Bangladesh

Interface languages

Bengali

Billing currencies

🇧🇩BDT

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