Inventory & Billing ERP
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For chit fund companies & chit operators
Chit Fund Management Software for Chit Fund Companies
Run chit groups, auctions, collections and prize payments with accurate calculations and complete records – no more manual registers.
Who it is for
Made for your kind of business
Chit fund companies
Chit operators / foremen
Finance societies
Collection agents
Problems we solve
From daily headaches to clear control
Without the right software
- Auction, discount and dividend calculations done by hand
- Member dues and defaulters tracked in registers
- Agent collections hard to reconcile with receipts
- Prize payments and surety details scattered across files
With KATS Chit Fund ERP
- Automatic discount, dividend and foreman commission after every auction
- Member-wise dues and defaulter list at any time
- Agent-wise collection with printed receipts
- Complete prize payment records with surety details
Key modules
Everything you need in one Chit Fund ERP
Start with the modules you need today and add more as your business grows.
Group Management
Chit value, duration, number of tickets, start date and group status.
Members / Subscribers
Member details, KYC, nominee and ticket allotment.
Auction
Monthly auction entry with bid, discount and dividend calculation.
Collection
Instalment receipts, agent-wise collection and day-end summary.
Prize Payment
Prized subscriber payments with surety and document details.
Accounts
Ledgers, cash book and foreman commission.
Dues & Defaulters
Due list, defaulter list and reminders.
Reports
Group status, member statement and collection reports.
Features in detail
How Chit Fund ERP makes work easier
Auctions with accurate calculations
Enter the winning bid and the software calculates the discount, foreman commission and dividend per member – the same way, every time.
- Bid, discount and dividend per ticket
- Foreman commission
- Auction history for every group
Group B-04 · Auction 3₹2,00,000
| Item | Amount | |
|---|---|---|
| Winning bid (discount) | ₹30,000 | |
| Foreman commission | ₹10,000 | |
| Dividend per member | 20 members | ₹1,000 |
| Net instalment | ₹9,000 |
Collections and dues under control
Every instalment is receipted and posted to the member's account. See who has paid, who is due and who is a defaulter in seconds.
- Agent-wise collection summary
- Member statement on demand
- Defaulter list with overdue months
Group collection – this monthLive
Group A-1292%
Group B-0475%
Group C-0288%
Reports
Reports owners and accountants ask for
Ready-made reports, plus custom reports built around your process on request.
- Group status
- Member statement
- Due list
- Defaulter list
- Auction register
- Dividend register
- Collection register
- Prize payment register
- Cash book & ledgers
FAQ
Chit Fund ERP – frequently asked questions
What does chit fund software do?
It manages chit groups, members, monthly auctions, dividend and commission calculation, instalment collection, prize payments and accounts in one system.
Does it calculate dividend automatically?
Yes. After you enter the auction bid, the discount, foreman commission and dividend per member are calculated automatically.
Can we track agent-wise collection?
Yes. Collections are recorded agent-wise with receipts and a day-end summary.
Will it show defaulters?
Yes. Due list and defaulter list are available at any time with overdue details.
Can the software be set up for our group rules?
Yes. Group value, duration, tickets and commission are configured per group. We review your rules during setup.
Do you give training?
Yes. We train your office staff and support you after go-live.
See Chit Fund ERP working for your business
Book a free demo. We will walk you through the software with examples from your own work.
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