Magoba provides outsourced administration services to burial societies in South Africa by converting manual bookkeeping and accounts systems into a tested electronic format, automating premium collection and offering advanced communication services.
This value proposition is realised by:
- Creating a secure member database;
- Integrating with the societies’ bank and process statements automatically;
- Auto updating member status using the bank statement as the input file;
- Providing advanced communication services to members; and
- Storing society and individual member documents.
The product enables a burial society to focus on its core business of ensuring that the society has an adequate cash flow to meet current and future demands.
