Orbital Co-operative Accounting Software (CMS) Features

The Orbital Co-operative Management Software (Orbital CMS) is a service oriented system that effectively and efficiently manages cooperative society business operations without the cost and complexity of hardware ownership and database maintenance. Orbital CMS is fully web based, running on a cloud technology and can be accessed anywhere, anytime and on any device (e.g. Desktops, Laptops, Tablets, Phones, WAN & Embedded SMS Gateway).


The Orbital CMS comes with pre-configured reports such as Member’s Statement, Cash Book, Balance Sheet, Profit & Loss, Trial Balance, etc. New reports can be built on request and existing reports can be customized to meet peculiar needs. Orbital CMS contains the following sub-systems and more:

Membership Profile

Orbital CMS is designed to help Cooperative Societies manage records of her members. The Orbital CMS enable users of the System to capture membership profile such as

  • Personal Data
  • Employment Data
  • Next of Kin
  • Bank Account Details
  • Photograph

Savings Manager

The savings manager is designed to help the cooperative define saving categories and accounts. You can use the module to capture any type of savings such as thrift savings, N.H.F Savings, fixed deposits, etc. The System has functionality for daily operations of savings/withdrawals/charges, etc.

Loan Manager

The Orbital CMS loan manager is designed to help cooperative societies manage members loan effectively and efficiently. The features include loan disbursement, interest computation, loan repayment schedule, loan payment/notification, etc.

Housing Projects

The Housing Project module is built primarily to manage the purchase/sales of housing properties to cooperative members. After acquiring the property, the cooperative management can used the housing project module to record and track subscription / payments to the members of the cooperative.

Payroll Administration

The Orbital Payroll System can be used to compute employee allowances, deductions, gross pay, net pay and generate payslips as at when due.

Appropriation Account

Cooperative societies use the Orbital appropriation accounting feature to appropriate surpluses made at the end of the fiscal year. The surplus can be appropriated to Reserve, education, dividend, honoraria and welfare.

Link to Accounting System

Allow members transactions to be posted directly to master ledger where financial reports such as Balance Sheet, Trial Balance, Profit & Loss, etc. can easily be generated. The System provides access to post Banking Transactions (Withdrawals/Deposits), Bank Account Transfer, Bank Account Reconciliation, Account Receivable, Account Payable, etc.

Dividend Payment

Orbital CMS has in-built facility to carry out accurate computation of members dividend. The dividend is computed based on the ratio of member's contributed equity to the total equity .

Profitability

Orbital CMS is equipped with functionalities to help Cooperative Societies compute and manage revenues from

  • Loan Interest
  • Sales of Consumables
  • Sales of Housing Properties
  • Income from bonds, fixed deposit interests, treasury bills, etc.

Members Access

Orbital CMS provides for members portal where they can view/print their statements and balances. Members can also apply for loan online and record thrift savings/withdrawal notifications.

SMS Alerts

The features of the SMS alert module include the following:
  • Automatic birth date alerts
  • Automatic loan refund reminder alerts
  • Automatic meetings alerts
  • Automatic monthly dues alerts

E-mail Messaging

  • Bulk Email (send to all members or group of members)
  • Member statement of accounts sent by Email
  • Personalized email

INVENTORY CONTROL SYSTEM

The Inventory Control System is used for setting-up stock items and stock control accounts, Raise Purchase Orders, confirm/approve orders, confirm/approve deliveries, make sales of stock items to members in form of online shopping, members can purchase items using thrift account or cash or bank payment. You can also setup suppliers of stock items, etc. Members can purchase items on credit and make payment at a later date.

Reporting and Analytical Tools

The Orbital CMS is very robust on pre-defined reports and analytical tools. Each module of the System contains pre-defined reports including financial reporting such as Balance Sheet, Trial Balance, Profit & Loss, etc. Each of the reports is customizable on request and new reports can be built as well within short notice.

Client Testimonials

Our AffordablePricing

Standard

N650K

  • Membership Profile
  • Savings Manager
  • Loan Manager
  • Income
  • Expenses
  • Journal Entry
  • Appropriation Account
  • Reports
  • Unlimited Users

Premium

N850K

  • Membership Profile
  • Savings Manager
  • Loan Manager
  • Income
  • Expenses
  • Journal Entry
  • Appropriation Account
  • Inventory Control
  • Members Access
  • Reports
  • Unlimited Users

Professional

N1.8M

  • Membership Profile
  • Savings Manager
  • Loan Manager
  • Income
  • Expenses
  • Journal Entry
  • Appropriation Account
  • Bank Reconciliation
  • Inventory Control
  • Payroll
  • Housing Projects
  • Members Access
  • SMS Alert/Email
  • Reports
  • Unlimited Users

Ultimate

Negotiable

  • Membership Profile
  • Savings Manager
  • Loan Manager
  • Income
  • Expenses
  • Journal Entry
  • Appropriation Account
  • Account Receivable
  • Account Payable
  • Bank Account Transfers
  • Bank Reconciliation
  • Inventory Control
  • Payroll
  • Housing Projects
  • Fixed Assets Manager
  • Members Access
  • SMS Alert/Email
  • Reports
  • Unlimited Users

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