Debt Guru is a revolutionary application designed to safeguard businesses from potential financial losses due to non-payment by buyers. It functions as a collaborative platform where sellers can share information about buyers who fail to fulfill their financial commitments. When a seller faces non-payment from a buyer, they can report the details as a bad debt in the application. Debt Guru then alerts other sellers who have engaged with the same buyer, helping them avoid similar fraudulent transactions. This proactive approach enables businesses to protect each other from potential financial risks and promotes a more secure and trustworthy business environment. Additionally, it serves as a tool for buyers to rebuild trust by settling outstanding debts with the concerned sellers.
Yes, Debt Guru provides a 1 entry as free trial. You can link your GST number and mark unpaid bills as bad debt during this trial. Additionally, you can send 1notifications to buyers via WhatsApp, reminding them of outstanding payments.
Debt Guru is an innovative application designed to empower businesses in managing financial risks associated with buyers' non-payment. Here's a comprehensive overview of its functionalities:
- Debt Profile Verification: Debt Guru allows users to verify the debt profile of buyers by inputting their GST (Goods and Services Tax) and PAN (Permanent Account Number) numbers. This feature enables sellers to assess the creditworthiness of potential buyers before engaging in transactions.
- Bad Debt Declaration: In the event of non-payment by a buyer, sellers can create an invoice within the application and declare it as a bad debt. By doing so, other sellers who have engaged with the same buyer receive alerts, thus preventing potential losses from fraudulent transactions.
- Bulk Buyer Upload: Users have the option to upload a list of buyers in bulk via an Excel sheet. This functionality allows for proactive risk management, as Debt Guru notifies users whenever any of the uploaded buyers engage in suspicious transactions in the future.
- Invoice Management: Debt Guru enables users to upload invoices along with received payment details. This comprehensive ledger management feature provides users with a consolidated view of outstanding invoices, facilitating effective monitoring of payment statuses.
- Automated Reminders: Users can set up gentle reminders for overdue invoices via WhatsApp. This automated reminder system helps expedite payment recovery processes and ensures timely resolution of outstanding debts.
In summary, Debt Guru offers a robust set of features aimed at enhancing financial security and promoting trust within the business community. By leveraging advanced functionalities such as debt profile verification, bad debt declaration, bulk buyer upload, invoice management, and automated reminders, Debt Guru empowers businesses to proactively manage risks associated with buyer non-payment and safeguard their financial interests effectively.
Debt Guru offers several advantages:
- Risk Mitigation: Identifies reliable buyers, reducing the risk of non-payment.
- Fraud Prevention: Alerts about unreliable buyers, preventing potential losses.
- Efficient Debt Management: Streamlines tracking and recovery of unpaid invoices.
- Proactive Risk Management: Monitors and manages risks associated with bulk transactions.
- Streamlined Invoice Management: Centralizes tracking of invoices and payments.
- Timely Payment Recovery: Automates reminders for overdue payments, improving cash flow.
- Enhanced Reputation: Contributes to a trustworthy business environment, strengthening relationships.
Yes, data security is Debtgru’s top priority. And we are not selling any data to any third parties. The platform employs robust security measures to protect user data and ensure privacy. You can assured that your data will be handled with utmost care and in compliance with relevant regulations.
Yes, Debtguru provides services for verified buyers and sellers. This means that you can connect to a network of trusted and verified individuals or companies for secure credit transactions.
The live scoreboard on Debt Guru is a dynamic feature that provides real-time visibility into the progress of debt recovery efforts within the application. Here's how it works:
- Tracking Recovery: The live scoreboard tracks the amount of debt recovered by sellers using Debt Guru's platform. Whenever a seller successfully recovers payment from a defaulting buyer or receives a receipt for a previously reported bad debt, they can submit the details through the application.
- Real-time Updates: The recovered amount is instantly updated on the live scoreboard within the Debt Guru application. This ensures that all users have access to the most up-to-date information regarding debt recovery efforts.
- Transparency: By offering a transparent view of recovery progress, the live scoreboard promotes accountability and encourages active participation from sellers in the debt recovery process. Sellers can see the collective impact of their efforts and those of other users within the Debt Guru community.
- Motivation: Seeing the recovered amount increase in real-time serves as motivation for sellers to continue their debt recovery efforts. It fosters a sense of accomplishment and reinforces the importance of collaboration in mitigating financial risks.
Absolutely We have a dedicated customer support team to assist you with any questions, concerns or technical issues you may encounter while using Debt guru. You can reach our support team through the contact information provided on our website and in app settings tab.
The registration process is usually quick and straightforward. After you link your business via Gst number , you will receive a confirmation sms with further instructions. Once your registration is verified, you can explore and use Debt guru credit management features.
Yes, Debt guru is designed for different types of businesses, including small businesses, shop owners, wholesalers, retailers and distributors. Regardless of your industry or size.
Currently, Debt guru requires companies to register with their GST details. This helps verify the legitimacy of the business and ensures a reliable credit ecosystem. If you don't have a GST registration, we consider you as a “Broker” so you can only check your buyers debt profile but “you can’t mark any invoice as bad debt”.
Yes, Debt guru gives you the flexibility to enable or disable the visibility of overdue transactions of individual debtors. You have control over which transaction details are visible to others on the platform.
Yes Debt guru provide individual setting for buyers due days mobile number for reminders.
Debt guru is available on the Android , ios and web page platforms. You can seamlessly access and use the features on all these platforms.