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Chit Biz

Brand: Chit Biz

  • 4.5

  • 5 Ratings

Chit.biz is a web-based Chit Fund ERP for accurate, transparent, and secure remote management of chit-fund business, customers, and financial transactions.

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Chit Biz Software Overview

What is Chit.biz Software?

Chit.biz is a web-based Chit-Fund ERP software that helps create and manage chit-fund businesses efficiently. It can be accessed via a web browser and as a mobile app and helps manage remote chit-funds. The user-friendly interface allows the easy establishment of the business by adding members, communicating the auction date with the clients, calculating interests and dividends, and managing the chit funds. The software makes chit registration and member management processes more straightforward and stores the data in a secure, centralized database. Features like SMS notifications, late-fee calculation, and dividend account maintenance make the entire client communication and fund management process efficient.

Chit.biz supports diverse scheduling and automates accounting processes. It also allows chit-fund monitoring, payment collection, and report generation. It adjusts opening balances, handles funds and cash flow details, manages charges against tickets, records guarantor, and document details. It helps in easy payment collection through reminders via SMS and supports details of inventory, ledger balance, general transaction details, daybook, etc. It also allows lead management to attract more members to the business based on reports. It generates various business summary reports in CSV format, including daily, weekly, monthly, and yearly summaries. It thus makes the entire chit-fund business operation management accurate, secure, and manageable.

Why use Chit.biz?

  • Chit-fund task and data management: Manage the chit database securely and ensure proper information flow for the smooth execution of tasks and reduce manual efforts.
  • Group Management: Register, notify and manage chit groups through member registration and automate SMS notifications for proper client communication and administration.
  • Remote fund monitoring: Monitor chit-fund activities remotely through web and mobile applications for transparency, timely notifications, and communication.
  • Payment collection: Manage payment collection, including late fee payment with options like cash, cheque, and transfers, for accuracy in financial transactions.
  • Business reporting: Generate detailed business summary reports in various formats for insights on leads, business performance and decision-making.

Benefits of Chit.biz Chit Fund Software

  • Easy access: Helps with web-based and mobile access, enabling users to manage chit funds remotely with a simple online interface.
  • Cost-Efficiency: It is a cost-effective solution for creating and managing chit fund business with better optimization of financial processes and resources.
  • Real-Time notifications: Get timely SMS notifications to enhance communication and inform members about chit-fund activities.
  • Payment options: Supports various payment collection methods, from cash to transfers, for easy payment.
  • Decision-Making: Gives insightful business summary reports that help strategic decision-making for chit-fund operations.

Chit.biz Pricing

Chit.biz price details are available on request at techjockey.com.

Chit.biz price in India may vary based on factors like customization, additional features required, number of users, and the deployment type. Please request a call back for subscription-related details and to avail yourself of offers on premium packages.

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Chit Biz Pricing & Plans

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Chit Biz Features

  • icon_check Member Management
    Manage member details, registrations, and notifications for efficient chit-fund participation and communication.
  • icon_check Group Management
    Manage and organize chit-groups for effective communication and coordination.
  • icon_check Lead Management
    Handle prospective members, from initial contact to follow-ups, for growing the chit fund network.
  • icon_check Member Notification
    Automatically notify members about important updates, auctions, and transactions for communication.
  • icon_check Transactions
    Manage financial entries, receipts, and auctions with accurate and efficient chit-fund financial operations.
  • icon_check Dashboard
    Access an overview of chit-fund activities with real-time insights for decision-making.
  • icon_check Task Management
    Organize and track tasks to ensure the timely completion of processes for effective chit-fund management.
  • icon_check Security
    Implement user-based rights, encrypted passwords, and authorization for secure chit-fund data management.
  • icon_check Device Management
    Manage mobile collection devices for operations and accurate data handling for chit-fund transactions.
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Chit Biz Specifications

Supported Platforms
Ubuntu Ubuntu Windows Windows Android Android MacOS MacOS Linux Linux
Devices
Desktop Desktop Mobile Mobile
Deployment
Cloud-Based Cloud-Based
Suitable For
Finance Lottery
Business Specific
All Businesses
Business Size
Small Business Medium Business SMBs SMEs
Customer Support
Email Communities
Language
English
Training Resources
Videos

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Chit Biz Review

4.5

Out of 5

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Overall Rating

Based on
5 Verified Ratings

Rating Breakdown

  • Features 4.2
  • Value for Money 4.7
  • Ease of Use 4.5
  • Customer Support 4.8

86% Recommend this Product

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Techjockey Trusted Reviews from Verified Users

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Chit Biz Alternatives

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Which operating system does Chit.biz support?

Chit.biz is compatible with Windows, Linux, and macOS.

Is there any Chit.biz app?

The Chit.biz app is available for Android mobile devices.

What is the deployment type of Chit.biz?

Chit.biz supports web-based deployment.

How much does Chit.biz cost?

Chit.biz pricing is available on request at techjockey.com.

Who are the potential users of Chit.biz?

Chit.biz is typically used in the Chit-fund and lottery industry by financers, agents, and administrators for managing member information, chit-fund transactions and communication.

Is there any free trial or demo for Chit.biz?

The Chit.biz demo is available for free with techjockey.com.

Is Chit.biz free?

Chit.biz offers a free trial. However, the premium plan with advanced features and exciting deals is available at techjockey.com.

How can you download Chit.biz?

Chit.biz installation is not required, as it is web-based. Just open the Setup Wizard to get started.

How does Chit.biz work?

Chit.biz helps with smooth and secure chit-fund management with features like member and group organization, lead and task management, and transparency and efficiency.

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Terms and Condtions

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Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:

  • the GSTIN of the user associated with their registered business, and

  • the specified Entity Name for their business.

It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.