A chit fund and finance company in Tamil Nadu, India
A complete chit fund management platform for a growing finance company
We replaced manual, spreadsheet-based processes with one web platform covering chit groups, auctions, collections, accounts and HR – giving management real-time visibility across the business.
Our team's experience: this project was delivered by members of the KawiITHub team before the company was founded.
The challenge
The company managed chit groups, monthly auctions, subscriber collections, accounts and staff records with separate spreadsheets and manual registers. This made month-end reconciliation slow, increased the risk of errors in auction and dividend calculations, and gave management no single, up-to-date view of the business.
They needed a secure, reliable system that every department – operations, finance, accounts and HR – could use, with accurate calculations and full audit history.
Our solution
Our team ran requirement workshops with each department, mapped the end-to-end chit lifecycle and designed a modular web platform. We built a React.js front end and a Node.js API on PostgreSQL, delivered in phases with regular demos, then trained users and supported the go-live.
- Chit group and subscriber management
- Online auction module with automatic dividend and payout calculations
- Collections, receipts and dues tracking
- Accounts and finance reports
- HR and staff management
- Role-based access and audit trail for every transaction
Technology
React.js, Node.js, PostgreSQL, Java, GitHub
Results
- One system for operations, auctions, finance, accounts and HR, replacing separate spreadsheets
- Automatic auction and dividend calculations, reducing manual errors
- Real-time reports and dashboards for management
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