1. Interesting introduction
Problem presentation: Although selling products on installments or EMIs is profitable, keeping track of it is very complicated. Which customer will pay when, how much is due to whom, on which date the payment was missed—this manual tracking leads to mistakes and wastes valuable time.
Solution announcement: WIBSOS’s (World SoftZone Integrated Business Sales Operating Software) installment management system eliminates all these hassles and makes your installment business error-free and easy.
In this blog, we will see how WIBSOS automatically manages your EMI customer information, payment tracking, and installment schedule.
2. Manual challenges of EMI sales
Main problems of installment business in the traditional way:
Record keeping: Making separate file or ledger entries for each customer.
Payment tracking: Tracking and ensuring payment flow frequently.
Debt Identification: Manually finding out when a customer is overdue.
Communication: Reminding the customer before the installment date (which is often forgotten).
Human Error: Making mistakes in addition, subtraction or data entry.
3. Key Features of WIBSOS Automated EMI Management
How WIBSOS automates this entire process:
A. Automated Installment Schedule
Quick Setup: Just input the total price, down payment and installment period (months or days) at the time of sale and the software automatically generates a complete schedule with the exact amount and date of each installment.
Rules-based Calculation: Accurate calculation including interest rate (if applicable) or service charge.
B. Easy Payment & Tracking
Instant Update: Whenever a customer pays an installment, the amount due in the customer’s account is automatically reduced as soon as the entry is made at the POS or payment window.
Transaction History: Clear record of the date and amount of each installment, down payment and overdue payment.
C. Overdue & Alert Management
Automatic Overdue Alert: If an installment date is missed, the software automatically marks the account as ‘Overdue’.
SMS Reminder: SMS is automatically sent to the customer from WIBSOS before or after the installment date, which speeds up the collection process.
D. Customer Database & Reports
Centralized Database: Personal information, contact details and financial history of EMI customers are secured in a single place.
Detailed reports are generated on which installments are coming regularly, which are risky or have high dues. This helps you take action quickly.
Accuracy The risk of addition, subtraction and entry errors is very high. Fully computerized accounting, no room for error.
Professionalism Dispute with the customer about discrepancies in information.
WIBSOS’s Installment Management System is not just an accounting software, it is a fully automated tool for managing your installment business. It reduces the risk of manual errors, speeds up the collection process and helps your business move forward in the right direction with accurate reports.
To eliminate the hassle of your installment sales and increase profitability, book WIBSOS today!
Contact Now
📳 WhatsApp: 01841-329494 | 01840-440350
📩 Email: contact@worldsoftzone.com
🌐 Website: wibsos.com | worldsoftzone.com
