Benefits of Nidhi Software for Nidhi Company Business

Posted by Fin-Fired Nidhi Software on December 2nd, 2018

In this growing world where the economy is growing rapidly, there are still many people who can’t enjoy their lives with their own rules. It happens because of multiple reasons but the poor financial condition is the most factors which affects the people.

There are people who want to complete their dreams. To do this they start thinking of taking loans from the banks. But this isn’t that easy. Banks have their own set of rules and regulations which we have to pass through to get the loan. Even after waiting for months you might get rejected because of some little reason. This becomes frustrating in the end.

But as this problem is big, Solutions are also available; Nidhi companies are one of that solution. Nidhi Company is one that is a part of the Non-Banking Financial Company (NBFC) which works towards mutual benefit among its members. This is why it also called Mutual Benefit Society.

Members’ deposits money and the Nidhi Company lend them to other members who need it. There are various activities which go back and forth in the company. This is why the Nidhi software is used to manage and organise everything in the company.

This software gives us a number of services to use. Nidhi software has many benefits which is why they are widely used.

1. Management

The best advantage of using Nidhi software is that you can manage multiple things in single software. It makes the work handy. There are various panels where the members can manage their accounts.

You can do member registrations and manage their information. The member panel allows you to access your details. The loan management serves you with all the loan related details to you. It includes an EMI calculator.

2. Unlimited Member Registrations

Nidhi Company software makes it easy to register any number of members to the company. It generates login details once the member is registered successfully. Each branch of the company can generate unlimited member’s ids.

3. No limit on operator login

Just like member registrations, operators can also be registered within a single branch. They are provided with the operator login ids. They are given different roles.

4. Reports Generation

According to rules and regulations, every Nidhi Company has to maintain annual reports. This is why multiple types of reports are generated in this software. You can generate member reports, loan reports, scheme reports etc. It makes the process of analysing the data easy.