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It <u>automates</u> member invoicing, <br>2. Keeps an <u>updated statement</u> for each member, <br>3. Members can login to view their <u>financial position</u> within the group, <br>4. <u>Reminds members to make payments</u>, stores group data on the cloud (available 24/7 anywhere in the world) and <br>5. A <u>cash book</u> module for use by the Treasurer.<br><br><b><u>FEATURES:</u></b><br><br><b><u>Chamasoft E-Wallet</u></b><br>Chamasoft provides an online E-Wallet that chamas can use to manage their finances by making payments via M-Pesa and withdrawals to M-Pesa or any bank account. <br><br><b><u>Financial Management</u></b><br>Chamasoft acts as an online treasurer. All one does is record payments and Chamasoft reconciles the records.<br><br><b><u>Membership Management</u></b><br>Chamasoft allows one to register all members on the system where they access to their chama records online.<br><br><b><u>Bank Account Management</u></b><br>Chamasoft records withdrawals, transfers and deposits that are performed on the bank accounts.<br><br><b><u>Expense Management</u></b><br>Chamasoft allows users to track expenses as they occur, be it for land purchases or payments for services.<br><br><b><u>Project Management</u></b><br>One can track projects e.g. Expenses regarding purchase of land, and the contributions needed to carry out the project.<br><br><b><u>Loan Management</u></b><br>For chamas that do internal lending, Chamasoft provides a platform for recording these loans.<br><br><b><u>Financial Reports</u></b><br>Chamasoft generates the following reports; Member Statements, Loan Summaries, Expense Summary and Transaction Statements.<br><br><b><u>One Time Penalty Management</u></b><br>One can penalise members for issues such a late coming and this will be reflected on the members' statement.<br><br>For more information on Chamasoft, you can visit our <a href=\"https://www.google.com/url?q=https%3A%2F%2Fhelp.chamasoft.com%2Fwhat-is-chamasoft%2F&amp;sa=D&amp;sntz=1&amp;usg=AOvVaw37Vv85_5K8sa99mUeyZQnL\">documentation portal</a><br><br>Do not wait — Download and automate your <b><u>group</u></b>,  <b><u>chama</u></b> or  <b><u>sacco</u></b> now!","app_summary":"Chamasoft, published by a Kenya-based company. 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