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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.

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.

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

Keeping in mind companies have particular business needs, it is wise that they avoid choosing an all-in-one, ”best” system. Nonetheless, it would be futile to discover such an app even among sought-after software systems. The clever thing to do should be to tabulate the numerous major factors that necessitate research such as major features, plans, skill levels of staff members, company size, etc. Next, you should perform your product research systematically. Read some of these Websoftex Nidhi Software evaluations and scrutinize each of the software systems in your shortlist more closely. Such well-rounded research guarantee you steer clear of ill-fitting software solutions and select the one that offers all the features your company requires.

Position of Websoftex Nidhi Software in our main categories:

Websoftex Nidhi Software is also listed in the following subcategories:

It is important to note that virtually no software in the ERP Software category is going to be a perfect solution that can meet all the requirements of different business types, sizes and industries. It may be a good idea to read a few Websoftex Nidhi Software ERP Software reviews first as specific solutions might perform well exclusively in a really small set of applications or be created with a very specific type of industry in mind. Others can operate with an idea of being easy and intuitive and as a result lack advanced features welcomed by more experienced users. You can also come across services that focus on a large group of customers and provide a powerful feature toolbox, but that frequently comes at a higher price of such a service. Make sure you're aware of your requirements so that you purchase a service that has exactly the functionalities you search for.

How Much Does Websoftex Nidhi Software Cost?

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 realize that when you make a decision to buy ERP Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Websoftex Nidhi Software reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Websoftex Nidhi Software. With that information at hand you should be equipped to make an informed buying 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

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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.

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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Reviewed By Jenny Chang
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