How To Simplify Your EMI Collection with Meekhata Payment Reminder App.
Introduction
Selling mobile phones on EMI is a great way to boost sales and make your products more accessible to customers. However, it can also be a challenge to manage the EMI collection process. You need to keep track of customer details, payment due dates, and amounts, and send timely reminders to customers. This can be a lot of work, especially if you have a large customer base.
Meekhata Payment Reminder App is an EMI collection app that can help you streamline your EMI collection process and make it more efficient. It is a cloud-based app that can be accessed from anywhere, using any device. Meekhata Payment Reminder App is easy to use and does not require any technical expertise.
Benefits of using Meekhata Payment Reminder App for businesses that sell mobile phones on EMI:
- Maintain customer details and payment due dates: Meekhata Payment Reminder App allows you to maintain customer details and payment due dates in one central place. This makes it easy to track who is due how much and when.
- Send timely reminders to customers: Meekhata Payment Reminder App can send timely reminders to customers about their upcoming EMI payments. This helps to reduce late payments and defaults.
- Generate invoices and send them to customers: Meekhata Payment Reminder App can generate invoices for EMI payments and send them to customers via email or SMS. This saves you time and effort, and ensures that customers always have a record of their payments.
- Track payments and calculate penalties: Meekhata Payment Reminder App tracks all EMI payments and calculates penalties for late payments. This helps you to stay organized and ensure that you are collecting all of the money that is owed to you.
- Generate reports: Meekhata Payment Reminder App can generate a variety of reports, such as customer payment reports, collection reports, and penalty reports. This helps you to understand your business performance and identify areas where you can improve.
How Meekhata Payment Reminder App can help businesses to overcome the challenges of EMI collection:
- Challenges with maintaining customer details of those who have availed EMI option while purchasing mobile phone and collecting timely payments from them: Meekhata Payment Reminder App solves this challenge by allowing you to maintain customer details and payment due dates in one central place. It also sends timely reminders to customers about their upcoming EMI payments. This helps to reduce late payments and defaults.
- Every day figure out who is due how much and collect that amount from them: Meekhata Payment Reminder App makes it easy to figure out who is due how much and collect that amount from them. It tracks all EMI payments and generates reports that show you which customers are due for payments. You can then use this information to contact customers and collect payments.
- Understand across the business how much money is pending to be received and how much has been collected: Meekhata Payment Reminder App provides you with a real-time view of how much money is pending to be received and how much has been collected. This helps you to understand your business performance and make informed decisions.
- Understand who has been paying late and by how many days to charge penalty: Meekhata Payment Reminder App tracks all EMI payments and calculates penalties for late payments. This helps you to identify customers who have been paying late and charge them the appropriate penalty.
- Major challenge is maintaining the billing date, generating invoice, sending the same, collecting payment, levying penalty, capturing documents, and closing EMI when all installments are paid: Meekhata Payment Reminder App automates the entire EMI collection process, from maintaining billing dates to generating and sending invoices to collecting payments and levying penalties. It also helps you to capture documents and close EMIs when all installments have been paid.
How to use Meekhata Payment Reminder App:
Meekhata Payment Reminder App is very easy to use. Simply create an account and enter your customer details and payment due dates. Meekhata Payment Reminder App will then send timely reminders to customers about their upcoming EMI payments. You can also use Meekhata Payment Reminder App to generate invoices for EMI payments and send them to customers via email or SMS.
To collect payments, you can simply send a link to customers via email or SMS. Customers can then click on the link and pay their EMI payments using any payment method, such as credit card, debit card, or net banking.
Meekhata Payment Reminder App also tracks all EMI payments and calculates penalties for late payments. You can generate reports to track your business performance and identify areas where you can improve.
Conclusion:
Meekhata Payment Reminder App is a powerful EMI collection app that can help businesses to streamline the EMI collection process and make it more efficient. It is easy to use and does not require any technical expertise. Meekhata Payment Reminder App can help businesses to overcome the challenges of EMI collection and improve their business performance.