As per MSME rule, in case the buyer fails to make payment as required under Section 15 of the Micro Small and Medium Enterprises Development Act, the buyer is liable to pay compound interest with monthly rests to the supplier for delayed period beyond 45 days, on the amount, payable at three times the bank rate notified by Reserve Bank.
Benefits and FeaturesBenefits
Master data and relevant cheque data can be maintained in this App either using directly connecting to your ERP system using REST API technique.
The app has the feature to configure alerts mechanism like on how many days in advance user to be notified and how many times user to be notified. A maximum of five times like 10 days in advance, 8 days in advance, 5 days in advance, etc as per business need.
Quickly can be deployed at maximum of 3-4 weeks, Flexible and competitive pricing based on the option, Flexible to access from smartphone or tablet or web, User must have access to SAP system and a label printer must be connected.