N-15 DAYS
SMS REMINDERS
With limited repercussions for delayed payments, tardiness is accepted as a cost of doing business.
Typically, corporates use existing sales networks for collections, choking bandwidth & productivity.
There is no ready solution
for cost effective, automated corporate collections.
Collection efficiency
improvement is critical to unlock working capital cycles.
Managing on-time collections
for the diverse dealers across geographies is cumbersome.
Lengthy onboarding flows
are required to screen dealers with poor internal processes.
Precious time is lost in
coordination which is critical for debt recovery.
Tracking and reconciliation
of payments status on various systems adds more friction.
Indian legal complexities make
recovery and negotiating with defaulters difficult and slow.
Behavioral data analysis to predict defaults, with nudges to prevent them.
Simplify and digitize collections while reducing costs.
Unified oversight across internal and outsourced teams for real-time performance tracking.
Streamlined management of write-offs and legal needs.
Continuous and proactive performance monitoring with AI.
Reporting defaults to CIBIL and initiating legal recourse if needed.
AI/ML models to learn payment patterns and behaviour to manage relations better
Clear collection policies and processes, timely, professional and regular communication with customers, and early intervention help us resolve issues
A digitised workflow helps us streamline the collections process, making it both efficient and cost-effective. You no longer need multiple team members to chase payments
External agency management, agents ( digital, call centre, field)
The invoice flows seamlessly to Veefin LMS using options like direct secured connectivity with the corporate’s ERP or corporate user bulk uploading the invoice into the LMS
Veefin Capital purchases (finances) a minute portion of the receivable, books the asset in the LMS and creates a charge in CERSAI.
Veefin’s collections module uses this data to send nudges and payment reminder to the Dealer, they go out prior to the due date.
Dealer uses digital options to pay to the corporate, or using Net Banking / any other mode and updates the system with proof of the payment
If dealer defaults, reminders become persistent using Veefin Collections. The messages now inform the dealer that we can report them to credit bureaus if they continue to default.
SMS REMINDERS
WHATSAPP REMINDERS
VOICE OVER REMINDERS
INVOICE DUE DATE
REMINDER NOTICES
REMINDER SECTION LETTERS
DEFAULT REPORTING TO BUREAU
Smart Campaigns Configurable Treatment plan Decision Engine
Paynow Payment Plan
Notification, Batch, Alerts
Dealer 360 View
Productivity Insights and Reporting
SMS, Letter, Email Templates
Nested Hierarchy Based
Bringing Trade Assets to Debt Capital Markets
Copyright © . Veefin Capital Ltd.