Vuplon

SACCO management software

SACCO software for savings, shares and loans your members can see.

Members, deposits, share capital, loans and dividends in one system, with a statement every member can open themselves and postings that reach the general ledger.

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What it is

Vuplon SACCO is management software for savings and credit cooperatives, staff SACCOs and savings groups in Uganda and East Africa. It keeps the member register, savings deposits, monthly contributions, share purchases and withdrawals; runs loans from application and approval through disbursement, repayment and penalties with reducing-balance or flat-rate interest; allocates dividends; and posts everything to the accounting ledger. Members see their own balances and statement on web and mobile.

What you get

Member register

Membership records, joining fees, documents and each member’s savings, shares and loans in one view.

Savings and contributions

Deposits, monthly contributions and withdrawals, with balances worked out from the transactions rather than typed in.

Share capital

Share purchases and sales per member, with the share register always up to date.

Loans

Loan products with their own rates and limits, reducing-balance or flat-rate interest, a guided application, an approval chain, repayment schedules and penalties for late payment.

Dividends

Declare a dividend and allocate it across members.

Investments and expenses

Track where the SACCO’s money is invested and what it spends, by category.

Post to accounting

Deposits, shares, loans, repayments and expenses post to the general ledger, and the bank statement view ties back to the bank.

Member self-service

Members apply for loans, see deposits, shares and withdrawals, and download their statement on web or the mobile app.

How it works

  1. Set the rules. Loan products, interest method, share price, fees and who approves loans.
  2. Add members. Register members and bring in opening balances.
  3. Record the month. Contributions, deposits, repayments and withdrawals as they happen.
  4. Report to members and the board. Statements for each member and totals for the committee, with the ledger already posted.

What the committee sees

  • Member statements
  • Savings and share balances
  • Loan book and outstanding balances
  • Repayment schedules and arrears
  • Dividend allocations
  • Investments register
  • Expenses by category
  • SACCO bank statement
  • General ledger postings

SACCO: questions people ask

What is SACCO software?

SACCO software is a system that records a savings and credit cooperative’s members, their savings and shares, the loans issued to them and the repayments made, and produces statements and accounts from those records. Vuplon SACCO does all of this and posts it to an accounting ledger.

Which loan interest methods does Vuplon SACCO support?

Reducing balance and flat rate. You choose the method for each loan product, together with its rate, term and limits, and the repayment schedule is worked out for you.

Can members check their own balances?

Yes. Each member can sign in on web or the mobile app to see their savings, shares, loans and withdrawals, apply for a loan and download their statement.

Does SACCO activity post to the accounts?

Yes. Post to Accounting sends deposits, share transactions, loan disbursements, repayments and expenses to the general ledger, so the SACCO’s trial balance and financial statements come from the same data.

Is it suitable for a staff SACCO run inside a company?

Yes. A company can run its staff SACCO alongside HR and payroll in the same Vuplon account, with SACCO permissions kept separate from the company’s own books.

Can we bring in our existing records from Excel?

Yes. Members and opening balances can be brought in so that statements start from the correct position. Request a demo and we will walk through your workbook with you.

Works with the rest of Vuplon