A good number of businesses have recurring receivables. A products company earns annual maintenance, which as the name suggests, accrues each year. Lenders get their principal and interest paid in a fortnightly or monthly repayment cycle. Insurance companies receive their premiums monthly, quarterly, half-yearly or annually. Utility companies like electricity or internet service providers have […]
Payments Collection in the no-touch world
The world has changed and has changed once and for all. Businesses big and small seek ways to gain back control over their customer base, revenue and cash. It was reasonable for utility providers to expect that more than 80% of all their bills to be paid in time by the customer. We estimate that […]
Why is everybody excited about e-mandates?
Just a year back, a simple housing loan meant a day spent with eagle-eyed banking officials scrutinizing sheaves of important papers. The similar story would be repeated for other repetitive payments like school fees, insurance premiums, credit card bills and more. Well, non-payment of electric bills or school fees may result in a night in […]