Finastra is a blending word from English and Sanskrit languages. “fin” refers to the finance where “astra” is the divine weapon to win the battle. So Finastra is the cooperative’s astra in financial management. The software has been designed and developed after long research on the problems of financial management of the cooperative in the context of Nepal. Ground realities of cooperatives management have been analyzed during the research and development.

One of the major goals of the company is to standardize the management system of the cooperatives run by rural women groups, labor organizations, micro-entrepreneurs and retailers to meet the criteria provisioned by the cooperative act and accounting standard of Nepal. Similarly Finastra also follows the value of Simplicity, Advance, Accuracy and Safe (SAAS) which are the major aspects of any software.  

The term Lekhastra also the blending term from Nepali and Sanskrit language that is combination of लेखा + अस्त्र = लेखास्त्र  which means the divine weapon of book keeping along with stock management. In other words it is an Inventory Management System (IMS) which is a real-time inventory database for a warehouse, dealers, retailers, processing and production houses and capable of connecting multiple stores.

This can be used to track the inventory of a single store, or to manage the distribution of stock between several branches of a larger franchise. However, the system records sales and restocking data of any business firm, departmental store, dealers, Stuckists, factory and provides a bunch of notifications of all over transactions.

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Digital collection is an integrated mobile application with Finastra which is used for daily saving collection and issuing loans in accordance with the terms and conditions provisioned from the cooperative. Digital collections is useful for those cooperatives that have daily market collections schemes. It also has features like opening accounts from the field and issuing small scale loans directly to the members. Features and Advantages of Digital Collection system are

1. It replaces the paper forms and contributes to paperless collection management of the cooperative.
2. It improves the efficiency of the agent as it reduces the writing detail of the member as it pulls data from the Finastra CBS.
3. It is fast and time saving
4. It can provide the mini-statement of the members’ account.
5. It saves HR costs as one person can collect two times more in the DC system than the paper one.