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What Can Our Graviton's Collection Do?
Efficient Debt Management
Collection apps enable NBFCs to efficiently manage and track the repayment of loans and debts owed by borrowers. This includes keeping a record of outstanding amounts, due dates, and payment histories.
Automated Reminders
These apps can send automated reminders and notifications to borrowers, ensuring that they are aware of upcoming due dates and the consequences of late or missed payments.
Payment Tracking
Collection apps provide real-time visibility into payments received, making it easier to reconcile accounts and update the borrower's status
Cost Reduction
By automating and streamlining the debt collection process, NBFCs can reduce operational costs associated with manual collection efforts.
Compliance & Legal Documentation
Collection apps can assist in ensuring compliance with regulatory requirements, helping NBFCs maintain proper documentation and follow legal processes when dealing with delinquent borrowers.
Customization
Collection apps can be customized to align with the specific policies and procedures of the NBFC, allowing for flexibility in debt collection strategies.
Competitive Advantage
Adopting modern collection technology can give NBFCs a competitive edge by demonstrating their commitment to efficient and customer-friendly debt collection practices.
Data Accuracy
They help maintain accurate and up-to-date borrower information, reducing the risk of errors in debt collection efforts.
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