"Customers who had stopped communicating with us have cleared their overdues immediately after submitting their overdue payment details on recordent platform."
- Mahipal Ads.
"Customers who had not paid us for almost 3 years have approached us for details and cleared their dues, within a week of submitting their dues on Recordent."
- SP Hi-Tech Printers Pvt Ltd.
"With help of Recordent we are able to recover outstanding fees from students. Indeed Recordent is a great software tool."
- Lasya InfoTech Training Institute.
"After submitting a due on Recordent, I received total payment within 7 days. Great service from Recordent Team."
"I have received a part payment from one customer after two years. This was due to Recordent"
- Raj Textiles.
"Overdue payments more than 14 months old were recovered within 2 months of submitting the overdue details on Recordent’s platform."
"I am happy to record here that Recordent has been successful in making a delinquent client start paying their dues that I had found difficult to collect for over a year."
- Director, Compuprint.
"We are very happy to say that we have received our 7 months old outstanding from one customer in a single shot within 15 days of registering with Recordent."
"Recordent helped me to get my pending payment from two customers. These dues were pending since 2018."
- Ajantha Marbles.
“Cash is King” is a common phrase that signals to most of the businesses to pay close attention to cash flow and it's management. Maintaining cash flows is not that easy and is often considered an arduous task especially when customers are not paying on time. Similarly, a auto component manufacturing company was struggling with the...
Haggling is an art. Perhaps what you heard is certain. MSME's in the field of manufacturing and trading are very much familiar with the painful tasks of collecting dues from its customers. It is not easy for any businessman to deal with long credit cycles especially if they are going up more than 180 days resulting in the cash crunch. On top of this, across the globe the MSME sector has been hit hard by the pandemic induced crisis.
MSME'S (Micro Small & Medium Enterprises) are known for their significant contribution to the Indian economy. Despite being widely acknowledged for social and economic development, 90% of them are still facing financial difficulties, which has caused the majority of them to become reliant on their creditors.
One of the well-known wholesale distributors from Hyderabad, who provides a diverse range of kitchen equipment, utensils, and crockery has been experiencing difficulty in collecting dues from their customers who are some of the large renowned hotels. The wholesale distributor had learned about Recordent from one of their acquaintances and joined the platform to improve collections Recordent is a technology platform that assists businesses in improving collections and reduce the risk by providing insights into prospective customer's payment history.