Inter-creditor issues and reconciliation challenges created hindrances in tracking repayment of loan
The customer is a leading asset reconstruction company in India with exposure to more than INR 500 billion in distressed industrial units, and offers a resolution for NPLs in the retail and SME segments.
Due to the complex mapping requirements between the trust and loan accounts, tracking the settlement status was time-consuming. For a seamless and accurate reconciliation process, the customer must settle each trust account in real-time.
Credgenics Billzy, a unique web and mobile platform enabled the ARC with
faster and more secure digital repayment of loans.
Empower the collections team with the integrated digital process and facilitate easy repayment of loans for borrowers. Streamline loan repayment reconciliations and debt settlements and reduce the time and effort required to collect payments via the Billzy app.
Number of users
Increase in digital payments
Make the change for streamlined, higher debt collections. Get started now!