#mis software

In the digital age, educational institutions meet increasing requirements to handle data efficiently and make timely decisions. A Management Information System for Education is designed to meet these requirements by integrating all educational and administrative processes into an integrated digital platform. It helps strong MIS software schools, colleges, and universities to automate daily operations such as registration for students, tracking of participation, scheduling, progress management, fee collection, salary and evaluation of educational performance. By centralizing data in a safe and user-friendly system, institutes can ensure openness, reduce human errors and make quick, data-handled decisions with confidence.

Management Information System Software - System Approach and Management-Oriented

Nidhi company is a non banking finance company that can offers financial services like depositing and lending money. It does not require any license from the Reserve Bank of India. However, Nidhi companies cannot work exactly as the banks do. There are some restrictions on Nidhi companies that make them different from a bank. In this blog we will have a look at these restrictions in detail.

1. Nidhi companies cannot issue any sort of debt instruments such as debentures, preference shares, etc.

2. Nidhi companies can facilitate opening savings accounts, FD and RD    accounts, but not the current accounts. The main aim or objective of Nidhi companies is to promote and encourage savings and hence they are not allowed to open current accounts for their members.

3. Nidhi Companies are strictly not allowed to offer any services, such as   opening saving deposits or providing loans, to any person who is not the member of that Nidhi company. All the services of Nidhi company are offered only to its members.

4. Nidhi company cannot indulge itself in any other business other than      lending and depositing money on its name.

5. Nidhi company is also not eligible to pay brokerage on deposits or making any sorts of advertisements.

So, we can see that a Nidhi company is very much different from a bank on functional front. Hence, you cannot go for any banking software to manage the workflow of your Nidhi company. You will have to get a Nidhi company software that can manage specific processes of a Nidhi company. While getting a Nidhi software, you should also consider Nidhi company software price, along with its features and performance.

Nidhi Companies are getting popular day by day because of their potential to grow. They have spread themselves in multiple states. You can find Nidhi companies increasing in the areas where other business organisation hasn’t visited. As it is a part of Non-Banking Financial Company (NBFC) which doesn’t go with the definition of banks. They can’t take public deposits and issue cheque by themselves.

Nidhi companies are committed to working towards the development of the members. This is done by lending money to members with reasonable interest rates. This money is deposited by the members itself. It is also called Mutual Benefit Company because everything is kept between the members. Anyone who isn’t a member of the company can’t take its services.

The main motive of the Nidhi Company is helping people who need finances to complete their wishes and dreams. They lend the loans on low interest rates. Unlike, banks which take too much time for approving the loan and also charge high interest rates. The best thing about Nidhi Company is that it is easy to form and there is no need for high capital.

Nidhi companies include a number of operations which allows the members to benefit and help each other. These operations are nowadays managed by the Nidhi software. It makes the work easy. Every necessary task can be done through this software. But how are these operations managed by the Nidhi software? Let’s see

·         Managing the Members

A Nidhi company can’t be formed without any member; they are the roots of the company. To make any person a member of the company, the person has to be registered with a few documents. This process can be done really easily by the Nidhi Software. Open the member management section and you can now register a new member, keep the documents of the member, Edit the member’s registration, Approve or deny the membership and generate a member’s report.

·         Scheme Management

Every Nidhi company can have different types of schemes, in this section; you can manage the scheme of the company. You can create FD, RD, DD or Bond. Activation and deactivation of Schemes can also be done. Setting of amount condition is also available. You can set the grace period setting.

·         Login Panel

A Nidhi company is spread to many places and there are multiple branches which can have more than one admin. This is why there are login panels for every admin, branch and the company website.

·         MIS Reports