Good software for a cooperative handles money with exact arithmetic, keeps a record of every transaction, controls who can do what and keeps each institution’s data separate. These ten questions work for evaluating any vendor.
Ten questions for any vendor
- How does it calculate money? It should use exact decimals, not floating-point numbers, so that no differences of a few cents appear.
- Can transactions be deleted? A serious ledger doesn’t delete: it corrects with an offsetting entry and leaves a trail.
- Who can do what? Ask for roles and permissions, and dual control on sensitive operations.
- How is access protected? Two-step verification for administrators, lockout after failed attempts and controlled sessions.
- Is my cooperative’s data kept separate? Ask whether it has its own instance and database.
- What about the usury rate? The system should validate loan rates against the current one.
- Are there backups, and are they tested? Ask to see when a backup was last restored.
- Can I use my own brand and vocabulary? Member, contributions and installment should appear in your own words.
- What does the AI do, and what doesn’t it do? It should propose and show evidence, never decide loans.
- What doesn’t it do? An honest vendor tells you its limits in writing.
How CooperativIA responds
- Money in exact decimals and a ledger that is never erased.
- Roles, permissions and mandatory two-step verification for administrators.
- Its own instance: separate domain, database and scheduled tasks.
- Usury rate validation on loans in Colombian pesos.
- Daily backups with verified restoration.
- White label: name, logo, colors and cooperative vocabulary.
- AI does not approve loans: the committee decides.
- Sector-specific: membership with an admission fee, member contributions with revaluation, and assemblies with quorum, voting and locked minutes.
- Limits in plain view: it does not hold members’ money and does not report to credit bureaus.
How to evaluate in practice
Ask for a demo with fictitious data from your cooperative, request the scope and limits in writing, and test a complete case: one member, one contribution, one loan and one overdue payment. If the vendor cannot show it, do not hire them.
Last updated: October 9, 2026. Written by the BankIA (jsadsAI) team. Educational content: it does not constitute financial or legal advice.
Frequently asked questions
How much does cooperative software cost?
It varies by vendor. CooperativIA is purchased under your brand: a one-time sale plus a monthly fee for support and updates; current prices are on the pricing page.
What is the difference between cooperative software and bank software?
The technical base can be the same; the vocabulary, rules and products change. That is why CooperativIA and BankIA share technology.
Does the platform replace the cooperative’s regulatory compliance?
No. The cooperative answers to its supervisory body for the regulation that applies to it; the software helps record and calculate, not comply on its behalf.
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Open →Put it into practice with your own data.
Request a demo and we will show you the platform running with your name and your rules.