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Websoftex Nidhi Software Review

Websoftex Nidhi Software
Our score: 8.0 User satisfaction: 97%

What is Websoftex Nidhi Software?

Nidhi Banking Software by Websoftex is an accessible and feature-rich nidhi banking application designed for the web and mobile. It has modules that cover the administration of every nidhi banking activity plus reliable reports that you can easily understand.

The accounting module of Nidhi Banking Software is configured after nidhi rules. The solution’s daybook, trial balance, general ledger, and financial statements reflect those. On top of that, interest calculation is patterned after accounting guidelines. Because of this, there will be no problems during the audit process in the future.

Additionally, everything in Nidhi Banking Software is secured stringently by Websoftex to assure clients that their information is in safe hands.

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Overview of Websoftex Nidhi Software Benefits

Easy Member Management 

Nidhi Banking Software by Websoftex has robust member management tools. Everything from member queries, shares, deposits, and loans of members can be managed from here by a staff. Members’ photos and signatures are stored in this section of the software, too, to ensure that a complete profile is maintained.

Multiple Account Types

Nidhi Banking Software can help your financial institution attract more customers because it can support multiple account types. It has the standard savings account, an overdraft account, and a cash credit account. There are tools for managing term deposits, too. With these different options, clients with varying needs can do business with you. As a result, you can expand your business operations.

Standing Instructions Administration

Daily monitoring of standing instructions is possible with Nidhi Banking Software. It lets you define your standing instructions and assists you in processing and posting them from there. The software is capable of showing you the status of standing instructions, too. On top of that, you can generate reports that can help you assess the state of standing instructions and make decisions.

Regularly Updated Daybook 

Your institution’s daily transactions are recorded in a daybook. This particular feature of the Nidhi Banking Software ensures that you are aware of every activity such as cash transactions that go on in the business. This is complemented by the trial balance, which informs you of the financial condition of your company.

Feature-rich MIS

Monthly Income Scheme or MIS is at the core of Nidhi Banking Software. The platform has a wide array of features contained in its MIS module that assist managers in making decisions. This is possible because of the snapshots it offers regarding various services like membership, dividends and shares, term deposits, and loan accounts. The management can also generate reports that can aid them in focusing their efforts on particular aspects of the business.

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Overview of Websoftex Nidhi Software Features

  • Membership Management
  • Built-in Checks & Balances
  • Term Deposits
  • Loans & Advances
  • Standing Instructions
  • Cash Transactions
  • Monthly Income Scheme
  • General Ledger & Financial Statements
  • Daybook & Trial Balance
  • Staff Management
  • Customer Service Points Module
  • Customer Relationship Management Module
  • HR Management Module
  • System Administration
  • Mobile Apps

What Problems Will Websoftex Nidhi Software Solve?

Multi-branch Management

Nidhi companies often have issues overseeing multiple branches. To address those concerns, Nidhi Banking Software has easy-to-use multi-branch administration and multi-user management panels.

Manual Accounting

Often, nidhi companies do their accounting manually. With Nidhi Banking Software, they can reduce their manual number crunching because the solution can produce reports that help in financial auditing.

Member Communication

Nidhi companies have members that need to be contacted for various purposes. However, it can be difficult to get in touch with them, as not every employee has their contact details. Nidhi Banking Software integrates SMS messaging that is capable of sending messages in different languages.

Awards & Quality Certificates

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Websoftex Nidhi Software Position In Our Categories

Bearing in mind companies have distinctive business-related wants, it is only logical that they steer clear of picking an all-in-one, ”best” software product. However, it is nearly futile to try to pinpoint such an app even among popular software solutions. The rational step to undertake should be to spell out the different major functions that call for a inspection like essential features, costing, technical skill competence of staff members, company size, etc. Thereafter, you should follow through your product research thoroughly. Go over some Websoftex Nidhi Software review articles and look over each of the software systems in your list in detail. Such all-encompassing research ensures you keep away from unfit applications and select the system which offers all the function your business requires to be successful.

Position of Websoftex Nidhi Software in our main categories:

Every enterprise has different wants and requires a system that can be personalized for their size, type of employees and customers, and the particular industry they are in. For these reasons, no software can offer perfect functionality out-of-the-box. When you search a software system, first be sure what you want it for. Read some Websoftex Nidhi Software ERP Software reviews and ask yourself do you want basic functionality or do you require complex tools? Are there any industry-specific features that you are looking for? Find the answers to these queries to aid your search. There are lots of aspects that you need to reflect on and these include your finances, specific business wants, your organization size, integration requirements etc. Take your time, check out a few free trials, and finally choose the system that offers all that you need to boost your company competence and productivity.

How Much Does Websoftex Nidhi Software Cost?

Websoftex Nidhi Software Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

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What are Websoftex Nidhi Software pricing details?

Websoftex Nidhi Software Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Nidhi Banking Software offers custom enterprise pricing plans. If you are interested in enhancing your operations with this software, you can ask for a quote from the vendor.

User Satisfaction

Positive Social Media Mentions 296
Negative Social Media Mentions 12

We are aware that when you make a decision to get a ERP Software it’s vital not only to find out how experts evaluate it in their reviews, but also to discover if the real clients and businesses that use it are genuinely happy with the product. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Websoftex Nidhi Software reviews across a wide range of social media sites. The information is then presented in an easy to digest way revealing how many clients had positive and negative experience with Websoftex Nidhi Software. With that information at hand you should be prepared to make an informed purchasing decision that you won’t regret.

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Technical details

Devices Supported

  • Windows
  • Android
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English
  • Hindi

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Websoftex Nidhi Software?

Nidhi Banking Software can integrate with the following solutions:

  • NACH Mandate Management
  • PDC Management
  • NEFT – RTGS – IMPS Management Module
  • SB, RD, Loan Account Balance Inquiry with IVR System

Apart from those, the software can synchronize with payment gateways to facilitate customers’ online payment.

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Jenny Chang

By Jenny Chang

Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. Her decision to focus on these two industries was spurred by their explosive growth in the last decade, much of it she attributes to the emergence of disruptive technologies and the quick adoption by businesses that were quick to recognize their values to their organizations. She has covered all the major developments in SaaS and B2B software solutions, from the introduction of massive ERPs to small business platforms to help startups on their way to success.

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