Collection Gateway

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

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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

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Rohit Chaudhary

" We were very satisfied with how eflatbook worked for us with accounting for societies, maintenance billing, and member management for societies. Reports were easy and accurate. They saved us a ton of manual work, and were easy to comprehend. Their dashboard is clean and simple to use for even non-tech savvy people. Their customer support is fast, and very supportive. eflatbook increased the transparency, and improved the overall efficiency, of our society operations. "

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Ravi Sharma

" eflatbook Society Management Software has organized and streamlined our daily work. Society accounting, expenses, and maintenance tracking are now infinitely easier. Member records and communication are simple to manage, and reports are created in a flash. For housing societies, the system is structured and reliable. In total, it helps manage the society’s finances in a more professional way, helps to reduce mistakes, and saves a lot of time. This is a very good option for society management. "

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Rajesh Kumar

" The society management and accounting services of eflatbook are very satisfactory. It covers billing, payments, and reports, and also includes member data. It is very simple to use, and also very secure and effective. The overall efficiency and transparency of the accounting has improved, and it has become more accurate. Whenever needed, the support team is very responsive and and helpful. eflatbook is a great option for housing societies. "

Ready to Simplify Your Society's Finances?

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

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