ERP10 min read
Gold Loan, Chit Fund or Nidhi: Choosing the Right ERP
Gold loan, chit fund, Nidhi and co-operative society software look similar but solve very different problems. Here is how to pick the right ERP for your licence and your risks.
Finance
Chit Fund ERP
Run chit groups with total transparency.
The Chit Fund ERP manages the full life cycle of a chit: group creation, subscriber enrolment, monthly instalments, auctions or lot draws, dividend calculation, prize money payout, security documents and statutory records. Subscribers use a mobile app to pay and track, and agents use an app to collect, with live tracking and staff attendance for the head office.
Book a free demoKey modules & features
- Chit group and scheme setup (any value, duration and commission)
- Subscriber enrolment with KYC and nominee
- Auction / lot draw with automatic dividend calculation
- Instalment collection and receipts
- Prize money payment with security and guarantor tracking
- Defaulter, arrears and legal notice management
- Branch, agent and commission accounting
- Statutory registers and balance sheet
- Unlimited branches and staff
AI capabilities
- Default risk scoring for subscribers
- Auction bid pattern insights
- Automatic reminders in the customer's language
Business benefits
- No calculation errors in dividends
- Transparent auctions build subscriber trust
- Fewer arrears with automatic reminders
- Complete audit-ready records
Mobile apps included
Subscriber App
Pay instalments, view passbook, auction results and upcoming dues.
Agent Collection App
Daily collection list, receipts, live location and offline mode.
Staff Attendance Punch-in App
GPS and selfie attendance for branches and field teams.
Who is it for?
Registered chit fund companiesKuri / chitty operatorsMulti-branch chit organisations
Chit Fund ERP FAQ
How long does it take to go live with the Chit Fund ERP?+
Most chit fund companies are live within 2 to 6 weeks. We import your existing data, configure the modules you need, train your staff and stay on call during the first month.
Can the Chit Fund ERP be customised for our workflow?+
Yes. Every Arvension ERP is built in-house, so fields, approvals, reports, receipts and roles can be shaped around how you already work instead of forcing you into a rigid template.
Do you provide training and support?+
Yes. We provide onboarding, staff training, documentation and ongoing support by phone, WhatsApp and email from our Technopark, Trivandrum team.
Is our data secure?+
Data is encrypted in transit and at rest, access is role based, every sensitive action is logged in an audit trail, and automatic backups protect you against loss.
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Related solutions
Microfinance ERP
Unlimited branches and staff, with customer app, live field-agent tracking and staff attendance punch-in.
Gold Loan ERP
Gold appraisal, loan, interest, auction and vault control with customer, agent and attendance apps.
Nidhi Company ERP
Deposits, loans and member accounts for Nidhi companies, with a special Directors app and customer apps.
Get a free demo
Tell us your business. We'll show you the ERP.
Our studio
4th floor, Module no.-6, Gayathri building, Technopark Phase 1, Trivandrum, Kerala, India - 695581
Call or WhatsApp
+91 91421 25724Working hours
Mon - Sat: 09:30 AM - 05:30 PM