Onboard customers in 45-seconds!
Organise recurring collection plans and automate eligible scheduled payments. Reduce the need to send individual payment requests for every instalment.
100% secure payments · 4.9 Rated
Credit Society Collection Software
Automate Recurring Collections for Credit Cooperative Societies. SlashCollect helps credit cooperative societies automate eligible recurring payments, loan EMI collections and scheduled member contributions. Use UPI AutoPay, eNACH, automated reminders and failed-payment recovery workflows to reduce manual follow-ups and track collections from one platform.
Trusted by 1000+ growing businesses
Easy Member Setup in 3 Steps
Set up a collection plan once. Let your team focus on exceptions instead of managing every payment manually.
Create a Collection Plan
Set the payment amount, frequency and due dates for an eligible recurring collection. Organise collection schedules according to your society's requirements.
Members Authorise Payments
Share the appropriate payment link with members so they can complete the required authorisation process for a supported recurring payment method.
Collecting Instalment
Sharing Reminders
Hitting Bank Account
Payment Collected
Retry Logic (If Failed)
Reporting...
Track Collections Automatically
Once the required mandate is active, eligible payments can be presented according to the agreed schedule. Track successful and failed transactions, send relevant reminders and identify collections requiring further action.
Automate Credit Society Collections in a day!
Move from manual payment requests and scattered follow-ups to a more structured collection process.
Features of SlashCollect Credit Society Collection Software
Manage recurring collections, payment follow-ups and collection reporting through a connected workflow.
Integrates with your existing systems
Connect SlashCollect with compatible accounting tools, CRMs, spreadsheets and custom software through available integrations and APIs.
Flexible EMI and RD Collection Schedules
Configure eligible weekly, monthly, quarterly or customised collection schedules. Set payment amounts and due dates according to your agreed payment terms.
AI-Assisted Payment Recovery
Identify unsuccessful collections and support follow-ups through configured recovery workflows. Combine automated communication, AI-assisted calling and human intervention where appropriate.
Automated Collection Reconciliation and Reporting
Track successful collections, failed transactions, outstanding instalments and settlement information. Give your finance team a clearer view of collection performance without relying entirely on manual spreadsheets.
Smart Payment Reminders and AI Calling
Send payment reminders through supported channels, including WhatsApp, SMS, email and voice. Use AI-assisted calling and human follow-ups to help members understand upcoming dues or resolve payment issues.
Built for Indian Businesses, 100% Secure Payments
Designed for Indian businesses to power 8+ Crore of of MSMEs across India.
Customer & payment verification
Verify relevant customer and payment details before activating collection workflows. Support account validation and reduce avoidable payment failures through verification.
Why Choose SlashCollect for Credit Society Collections?
SlashCollect vs Credit Society Software vs Payment Gateways vs Manual Collection
| Feature | SlashCollect | Credit Society Software | Payment Gateways | Manual Collection |
|---|---|---|---|---|
| UPI AutoPay & eNACH | ✓ Supported | Depends on integration | Varies by provider | Not automated |
| Recurring EMI collection | ✓ Automated workflows | Varies by software | Depends on setup | Manual tracking |
| RD & recurring member payments | ✓ Eligible recurring collections | Depends on modules | Requires suitable setup | Manual follow-ups |
| Flexible collection schedules | ✓ Supported workflows | Varies by software | Configuration required | Manual tracking |
| Automated member reminders | ✓ Multi-channel | Depends on modules | May require integration | Manual calls & messages |
| AI-assisted collection recovery | ✓ Available | Varies by software | Varies | Manual calls |
| Failed-payment workflows | ✓ Structured workflows | Varies by software | Depends on setup | Manual follow-ups |
| Collection tracking & reconciliation | ✓ Centralised | Depends on modules | Payment-level reporting | Spreadsheets & records |
| Member, loan & deposit management | Collection-focused | ✓ Core capability in relevant systems | Not the primary purpose | Separate records |
| Existing system integrations | ✓ Available APIs & integrations | Varies by system | APIs vary | Limited |
| One-time payment links | ✓ Supported | Depends on integration | Commonly supported | Manual sharing |
| Collection analytics & reports | ✓ Dashboard & reports | Depends on modules | Payment-focused | Manual reports |
Features vary by provider, software, payment method and implementation. UPI AutoPay and eNACH collections are subject to applicable mandate requirements and payment partner availability. Confirm the features and integrations available for your society before implementation. On mobile, swipe horizontally to view all columns.
AI-Assisted Collections for Credit Societies
Every Due Needs the Right Follow-Up. Not Another Spreadsheet.
Built for your collection workflow.
Whether you collect fees, EMIs, subscription payments, memberships, rent or B2B collections, SlashCollect automates the repetitive work behind payment collection.
What Is Credit Society Collection Software?
Credit society collection software helps a credit cooperative society manage the process of collecting scheduled payments from its members.
Depending on the platform, this may include loan EMI collection, recurring deposit instalments, payment reminders, electronic mandates, failed-payment recovery, transaction tracking and reconciliation.
Many societies use existing software to maintain member records, loans, deposits and financial accounts. However, collecting every instalment on time may still require staff to prepare due lists, contact members, check bank transactions and update internal records.
A dedicated payment collection platform focuses on improving this process.
SlashCollect helps societies organise eligible recurring payment plans, support mandate-based collections through UPI AutoPay and eNACH, follow up on failed transactions and monitor payment outcomes.
It is important to distinguish payment collection software from a complete credit society management system. A full society platform may include loan accounting, interest calculations, FD/RD management, ledgers, member records and branch operations. SlashCollect focuses on the collection workflow and can complement an existing system where the required integrations are available.
How SlashCollect Automates Credit Society Collections
Manage the collection lifecycle through a connected workflow, from payment-plan setup to follow-up and reconciliation.
Step 1: Create a Collection Plan
Define the relevant payment amount, frequency and due dates according to your collection requirements.
For example, a society may need to organise monthly repayment instalments or other scheduled member payments. The collection plan should reflect the agreed terms.
Step 2: Get Member Authorisation
Share the appropriate payment link with the member. For recurring payments, the member must complete the required authorisation process for an eligible UPI AutoPay or eNACH mandate.
The applicable mandate conditions, limits and payment provider requirements determine how the collection can be processed.
Step 3: Collect Scheduled Payments
Once the required mandate is active, eligible payments can be presented according to the authorised schedule.
Your team can monitor collection outcomes instead of manually initiating every eligible instalment.
Step 4: Follow Up on Failed Collections
When a transaction fails, use the configured reminders, retry workflows, AI-assisted calling and human intervention where appropriate.
Track unsuccessful transactions so the collection team can identify the next action.
A failed payment is not guaranteed to be recovered; the outcome depends on the specific transaction and subsequent follow-up.
Step 5: Track and Reconcile Collections
Review payment status, successful collections, failed transactions and relevant settlement information from a centralised view.
Match collection records with your society's internal records and investigate discrepancies through the appropriate finance workflow.
Collection plan → Member authorisation → Scheduled collection → Recovery → Reconciliation
Everything You Need to Manage Credit Society Collections
1. UPI AutoPay for Eligible Recurring Collections
UPI AutoPay allows customers to authorise eligible recurring payments through a supported UPI application.
For suitable collection arrangements, this can reduce the need for members to manually initiate every scheduled payment.
Review the applicable mandate requirements, transaction limits and payment provider conditions before activating a collection workflow.
2. eNACH for Recurring Bank-Account Debits
eNACH supports eligible recurring bank-account debit arrangements through an electronic mandate process.
It may be suitable for societies whose payment requirements and collection arrangements support this method.
The registration process, mandate conditions and debit requirements depend on the applicable payment arrangement and provider.
3. Flexible Collection Schedules
Not every society has the same collection cycle.
Organise supported weekly, monthly, quarterly or customised payment schedules according to your requirements. Keep scheduled amounts and due dates connected to the relevant collection workflow.
4. Automated Member Payment Reminders
Reduce the need to contact every member manually about upcoming dues.
Send reminders through supported channels, including WhatsApp, SMS, email and voice. Configure follow-ups around upcoming, due, failed and overdue payments according to your workflow.
5. Failed-Payment Recovery
A failed transaction should trigger a clear next step.
Use configured retries, reminders, AI-assisted calling and human intervention where required. Track recovery activity so your collection team can identify unresolved transactions.
6. AI-Assisted Collection Workflows
Use AI-assisted communication and calling to support collection follow-ups.
Combine automated reminders with human support for cases that need additional attention. The available workflow depends on the channels and configuration used by your society.
7. Collection Dashboard and Analytics
Give collection managers a clearer view of payment activity.
Review successful transactions, failed payments, pending instalments and collection outcomes. Use the available reporting to understand which collections need attention.
8. Collection Reconciliation and Reporting
Payment collection is not complete when a transaction is initiated. Finance teams also need to confirm outcomes and match payment information with internal records.
Track transactions and relevant settlement information, identify discrepancies and reduce the work involved in maintaining separate collection spreadsheets.
9. Payment Links for One-Time Collections
Not every payment requires a recurring mandate.
Use supported payment links for eligible one-time collection requirements. This gives your team another way to request payments when a recurring arrangement is not appropriate.
10. Integrations With Existing Systems
Your society may already use a core banking system, accounting software, CRM or custom application.
SlashCollect supports available integrations and APIs to help connect collection workflows with existing business systems. The exact approach depends on your software, technical requirements and the integrations needed.
Discuss your current setup with our team before implementation.
How Does SlashCollect Use AI to Improve Credit Society Collections?
SlashCollect uses AI-assisted collection workflows to support payment reminders, calling and follow-ups for pending or failed payments.
Instead of relying entirely on manual calls, your team can use configured communication workflows to reach members about relevant dues, track collection outcomes and identify cases requiring human attention.
For collection managers, centralised payment information makes it easier to see what has been collected, which payments failed and where further action is required.
AI-assisted workflows support the collection process. They do not guarantee repayment or replace your society's authorised procedures for managing loan accounts and member records.
Built for your collection workflow.
Whether you collect fees, EMIs, subscription payments, memberships, rent or B2B collections, SlashCollect automates the repetitive work behind payment collection.
Frequently Asked Questions About Credit Society Collection Software
1. What is the best credit society collection software in India?
The right solution depends on your society's requirements.
If you need member records, loan management, deposit management, interest calculations and broader accounting capabilities, evaluate credit society management and core banking software.
If your main challenge is collecting recurring instalments, managing electronic mandates, following up on failed payments and reconciling collections, evaluate a dedicated payment collection platform such as SlashCollect.
Compare the available features, integrations, payment methods, support and total cost before making a decision.
2. Can credit societies automate recurring deposit (RD) collection?
Eligible recurring member payments can be organised through suitable recurring payment arrangements.
UPI AutoPay or eNACH may be appropriate depending on the payment use case, mandate requirements and provider availability. Members must complete the required authorisation process, and each collection remains subject to applicable payment rules and transaction conditions.
3. Can SlashCollect automate loan EMI collection?
SlashCollect supports scheduled and recurring collection workflows, including eligible mandate-based payments through UPI AutoPay and eNACH.
The supported repayment workflow depends on your collection setup, payment provider, mandate conditions and integration requirements. Discuss your specific loan repayment process with the SlashCollect team.
4. What is the difference between credit society software and payment collection software?
Credit society software typically manages broader operations such as member accounts, loan records, deposits, interest calculations and financial reporting.
Payment collection software focuses on requesting and collecting payments, tracking transaction outcomes, supporting reminders, managing failed-payment workflows and reconciling collections.
The two can complement each other when the required integrations are available.
5. Can SlashCollect work with our existing credit society software?
SlashCollect supports integrations and APIs for compatible systems, subject to the implementation requirements.
During your demo, explain which core banking, accounting or society management software you currently use. The team can assess the integration approach and the collection workflows required.
6. Does SlashCollect support UPI AutoPay and eNACH?
Yes. SlashCollect supports UPI AutoPay and eNACH for eligible recurring collection workflows.
The appropriate method depends on the member authorisation process, mandate conditions, payment limits, provider availability and the society's requirements.
7. What happens if a member's payment fails?
The transaction can enter the configured failed-payment workflow.
Depending on the setup, this may involve reminders, retry attempts, AI-assisted calling and human follow-up. Your team can track the transaction and take further action where required.
A failed transaction may remain unpaid and require a different collection process.
8. Can SlashCollect send automated reminders to members?
SlashCollect supports payment reminder workflows through channels including WhatsApp, SMS, email and voice.
The communication process can be configured around upcoming dues, due payments and failed or outstanding collections, subject to the available setup and channels.
9. Does SlashCollect replace our core banking system?
No. SlashCollect focuses on payment collection rather than replacing every function of a credit society management or core banking system.
Your existing system can continue to manage member accounts, loans, deposits and accounting. SlashCollect can complement that system through available integrations where suitable.
10. How much does credit society collection software cost?
Pricing depends on your collection volume, payment methods, required integrations, support requirements and commercial arrangement.
Book a demo to discuss your collection workflow and the applicable pricing for your society.
11. How can our credit society get started?
Book a demo with the SlashCollect team.
We will discuss your current collection process, recurring payment requirements, existing software and integration needs. This will help determine a suitable implementation approach.
Make Credit Society Collections Easier to Manage
Collect eligible recurring payments through a more organised workflow. Reduce repetitive follow-ups, track failed transactions and give your finance team better visibility into collections.
SlashCollect helps credit cooperative societies manage the collection process without requiring them to replace their entire society management system.
Up to 95%
On-time collection
80%
Less operations effort
45 seconds
Avg. onboarding time
100%
Secure payments