Nowadays, there is a foreseen rise in the number of chit fund organizations. Newbies of chit fund scheme may have confusion regarding the interest rate calculation. At the starting age of chit funds, people used to handle it manually. After few days, online calculators or formula methods like CAGR/XIRR.
Though they are free, it needs huge work to be done in it. Many inputs including monthly remittance value with data and amount. The inputs can be done with the positive and negative sign. After all the monthly entries, you can calculate the interest value for full transactions.
Though these sources are available, calculating the interest rate of chit funds is still a nightmare. In order to overcome the hurdles in interest rate calculation, chit fund organizations have been using the best chit fund software.
Chit fund software is very much beneficial to the present chit fund companies. The software has reduced its work half way down and has been indulged in reducing the errors too.
The software automatically takes inputs and gives you the perfect output along with the interest rates. In addition, the software allows multiple login at different places. It is a cloud-based software that is mobile-friendly too. It supports windows and web app operating systems. Spending a little in buying the noteworthy software helps in plenty of ways. While I had been surfing the internet in search of the best chit fund software, I have found Mazechit software as the best. It is the product of Mazenet Solutions. Avail free demo: https://mazenettech.in/mazechit/contact.php or Contact at 1800–200–1766 or 7397723052.
Check out our client testimonial before taking an action: https://youtu.be/uGMToDS40Z0
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