Managing small finance businesses comes with the challenge of tracking EMIs, outstanding payments, and interest calculations manually, leading to inefficiencies and errors. Additionally, the complexity of managing multiple clients, keeping track of different loan repayment schedules, and generating accurate financial reports can be overwhelming. Our Small Finance Business Module in TallyPrime streamlines this process with automation and real-time reporting, ensuring seamless financial management for small finance enterprises.
Challenges Faced Before Implementation:
Manual EMI calculations leading to errors
Difficulty in tracking overdue payments
Complex interest calculations
How This Module Helps:
Automated EMI entries directly into TallyPrime
One-click reports for outstanding and overdue receivables
Auto-interest calculation for efficient financial tracking