Collection Gateway

Virtual Account based Maintenance Due Collection Solution. Zero Convenience Charge. Zero Manual Reconciliation. Zero Setup Cost. 100% Peace of Mind.

Learn More
Software Mockup

Common Challenges with NEFT/IMPS Collections

Uninformed Payments

Members make NEFT payments but do not inform the treasurer or update the portal, leading to numerous suspense entries.

Delayed Reconciliation

Accounts team has to wait for bank statements to manually enter and approve payments, causing delays in issuing receipts.

Insufficient Details

Bank statements often lack flat numbers, making it difficult to reconcile payments accurately and promptly.

Inaccurate Defaulter Reports

Inability to publish timely and accurate defaulter reports impacts the collection of outstanding dues.

eFlatbook Collection Gateway Solution Overview

Solution Overview
  • Each unit is allocated a unique virtual bank account number by eFlatbook.
  • Members transfer payments to their unique account, simplifying tracking and reconciliation.
  • eFlatbook processes and settles all transfers into the society's bank account efficiently.
  • Automatic generation and distribution of payment receipts via email and SMS.
  • Ledgers are updated automatically, eliminating manual intervention and errors.
  • Experience zero efforts and 100% peace of mind with seamless financial management.

Benefits of Using eFlatbook Collection Gateway

Zero Convenience Charges

Enjoy cost-effective transactions with no additional charges for your members.

Automatic Reconciliation

Streamline your accounting processes with automated and accurate reconciliation.

Secure and Reliable

Ensure secure transactions with robust systems protecting financial data.

Peace of Mind

Ensure accurate accounting and timely collection of dues, reducing the workload on the treasurer and accounts team.

Efficiency

Automate the entire collection process, saving time and reducing errors associated with manual reconciliation.

Transparency

Provide clear and accurate payment records to members, enhancing trust and accountability.

Cost Savings

Eliminate setup costs and convenience charges, making the solution economical for housing societies.

eflatbook Testimonials

Cardimage
John Doe

"We adopted eflatbook in August 2013. It has drastically improved our communication with residents on money matters and has also substantially improved realization of timely maintenance payment and recovery of past dues."

Cardimage
Jane Smith

"We adopted eflatbook in August 2013. It has drastically improved our communication with residents on money matters and has also substantially improved realization of timely maintenance payment and recovery of past dues."

Cardimage
Rajesh Kumar

"We adopted eflatbook in August 2013. It has drastically improved our communication with residents on money matters and has also substantially improved realization of timely maintenance payment and recovery of past dues."

Ready to Simplify Your Society's Finances?

Get started with eflatbooktoday and experience the ease of automated, GST compliant billing and accounting.

Get Started