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P2P Tracking and Management

Graviton's promise-to-pay tracking feature is an essential tool in collection software, as it helps the user to track borrower payments, communicate with borrowers regarding their payment plans, and minimise the risk of delinquency or default.

Features

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 and 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.

Competitive Advantage:
Adopting modern collection technology can give NBFCs a competitive edge by demonstrating their commitment to efficient and customer-friendly debt collection practices.

Risk Management:
Collection apps help NBFCs identify and manage potential risks associated with loan defaults, enabling proactive risk mitigation measures.

Data Analytics:
Collection apps often come with data analytics capabilities, which can help NBFCs gain insights into collection trends, identify high-risk accounts, and optimize their collection strategies.

Scalability:
These apps can scale to handle a large number of
borrowers and accounts, making them suitable for both small and large NBFCs.

Customization: 
Collection apps can be customized to align with the specific policies and procedures of the NBFC, allowing for flexibility in debt collection strategies.

Data Accuracy:
They help maintain accurate and up-to-date borrower information, reducing the risk of errors in debt collection efforts.

Improved Communication:
They facilitate efficient communication between the NBFC and borrowers, allowing for clear and consistent messaging regarding payment obligations.

Enhanced Customer Experience: A well-implemented collection app can improve the borrower's experience by providing them with convenient payment options and transparent communication.

Reduced Administrative Burden: By automating many aspects of debt collection, these apps reduce the administrative burden on NBFC staff, allowing them to focus on more strategic tasks.

Payment Tracking: Collection apps provide real-time visibility into payments received, making it easier to reconcile accounts and update the borrower's status.

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