Chamasoft vs Omuti

Chamasoft is a book keeping tool for Investment Groups ( Chama ), commonly known as Chamas. Chamasoft automates the operations of these groups, eliminating the need for complex Excel sheets and bulky write up, thereby making the work of financial book keeping within the group easier. It achieves this in the following way: 1. It automates member invoicing, 2. Keeps an updated statement for each member, 3. Members can login to view their financial position within the group, 4. Reminds members to make payments, stores group data on the cloud (available 24/7 anywhere in the world) and 5. A cash book module for use by the Treasurer. FEATURES: - Chamasoft E-Wallet Chamasoft provides an online E-Wallet that chamas can use to manage their finances by making payments via M-Pesa and withdrawals to M-Pesa or any bank account. - Financial Management Chamasoft acts as an online treasurer. All one does is record payments and Chamasoft reconciles the records. - Membership Management Chamasoft allows one to register all members on the system where they access to their chama records online. - Bank Account Management Chamasoft records withdrawals, transfers and deposits that are performed on the bank accounts. - Expense Management Chamasoft allows users to track expenses as they occur, be it for land purchases or payments for services. - Project Management One can track projects e.g. Expenses regarding purchase of land, and the contributions needed to carry out the project. - Loan Management For chamas that do internal lending, Chamasoft provides a platform for recording these loans. - Financial Reports Chamasoft generates the following reports; Member Statements, Loan Summaries, Expense Summary and Transaction Statements. - One Time Penalty Management One can penalise members for issues such a late coming and this will be reflected on the members' statement. CHAMASOFT Focus on your Group Investments (chama, sacco) as we handle your group financial administration. Do not wait — Download and automate your group, chama or sacco now!

Omuti is a savings-club (chama / SACCO / VSLA) app for Uganda. Create a club with people you trust, set the rules together, contribute on a schedule, and watch your shared tree grow with every shilling recorded and visible to members. WHAT YOU CAN DO • Start a club or join one with an invite - Duo (two people, equal stakes) or a larger group • Set contribution amounts, frequency and due dates that members agree on • Contribute to a shared wallet and see every transaction in a clear, dated history • Pool funds and invest together in regulated unit trusts managed by licensed fund managers • Request a member advance from your club's own pooled savings, approved by member vote • Track each member's standing, contributions and repayments transparently • Get notified the moment money moves - contributions, approvals, payouts and reminders BUILT ON TRUST AND TRANSPARENCY Every action is logged to a shared ledger. Rule changes and advances need member approval, so no one moves the group's money alone. Sensitive actions are protected with a PIN and Face ID. A NOTE ON ADVANCES Member advances are made by your savings club from its own pooled member contributions and governed by member votes. Omuti is a coordination and record-keeping platform - not a lender. We do not originate, fund, guarantee or collect any advance, and we charge no finance or processing fee. INVESTMENTS Group investments are placed in unit trusts issued and managed by licensed fund managers. Omuti does not hold client funds or provide investment advice. The value of investments can go up or down. WHO IT'S FOR Friends, families, work groups, and community savings circles in Uganda who want to save and grow money together - with the transparency and reminders that keep everyone on the same page. Omuti is offered to adults resident in Uganda. By Bowline Knot Company Limited.