Overview:
A utility billing software is a web, app or cloud-based tool to track utility bills (water, electricity, gas) and generate invoices. It automates the process of distributing and collecting utility bill payments from residents, ensuring seamless services. NoBrokerHood simplifies the process by offering secure payments, automated reminders, and a unified portal.
Managing utility bill payments for residents can be a tough job, especially if there are numerous residents and tenants who pay their bills on different days. Late or missed payments from one or more residents may even lead to the disconnection of utility services for all. To prevent this from happening, apartments and gated communities today rely on top utility billing software like NoBrokerHood to automate payments.
Our all-in-one apartment and accounting solution is one of the best for utility billing in India. With it, residents can easily track and manage their utility and maintenance bills. The app automatically provides timely reminders, instant transactions, and automatic bill generation.
What is Utility Billing Software for Residences?
A utility billing system is a web-based or app-based software used to pay utility bills, such as water, electricity, natural gas, telephone service, garbage collection, and wastewater bills. Different service providers have their own systems and apps for collecting payments. Their main function is to track and record utility usage of each customer via meters and calculate the bill for each month or quarter.
There are several varieties of utility billing software- some are fully automated using smart meters, while others require an on-site representative. Some providers use billing software to import meter readings that can be viewed on online portals, while others send paper bills via post to each resident.
Many third-party billing software solutions are also available, which manage invoicing and payment on behalf of a business or an apartment. Resident utility billing systems, such as NoBrokerHood, manage utility bill payments of residents for any utility service provider. By using their unified payment portal, residents can make instant payments, track payment status and receive timely reminders.
Why Do Apartments and Housing Societies Need Utility Billing Systems?
A well-designed app-based or cloud-based utility billing software solution ensures a seamless bill payment experience for residents. It also simplifies the day-to-day operations of the apartment association by consolidating all payment information into one system. Given below are the important reasons to implement utility billing solutions in apartment buildings and housing societies:
Reasons for Residents
- Makes On-time Payments: Modern billing software ensures proper payment verification and seamless integration with utility provider portals. As a result, residents can experience smooth billing with instant confirmations and zero errors.
- Improves Transparency: Utility billing software services give full visibility and autonomy to residents, allowing them to self-manage their accounts. They can track payments, set auto reminders, and check invoices at any time.
- Provides High-quality Customer Service: With their in-house teams, companies like NoBrokerHood can provide 24/7 customer support and service to residents. This lets them get their queries answered and resolve urgent account issues.
Reasons for Management and Staff
- Automates the Billing Process: A utility billing system software automates the billing and invoicing process, lowering the time and effort needed by the management staff. As a result, the management does not have to hire dedicated employees for accounting and billing.
- Allows for Customised Billing: Different residences can have different types of utility and management bills, depending on the state and services offered. The billing software allows you to customise the billing cycles, options, and invoice dates.
- Ensures Regulatory Compliance: Implementing modern utilities billing solutions like the NoBrokerHood ensures full compliance with local, state and national laws. The top utility billing companies provide a fully secure payment gateway with advanced data encryption and storage protocols.
Features and Benefits of Utility Billing Software
Highlighted below are the main features and benefits of Utility Billing Solution:
- World-class Security: Stay worry-free with a world-class platform with features like data encryption, firewall, and adherence to GDPR and PDPB 2019 guidelines.
- Multiple Payment Options: Enjoy the flexibility of multiple payment options, from credit and debit cards to Paytm and BHIM.
- Smart Meter Integration: Monitor utility consumption with pinpoint accuracy via your housing society account, as we offer full integration with smart meters.
- Unified Portal for All Bills: View and track all of your pending payments, including rent, maintenance fees, and utility bills, on a single unified portal.
- Timely Alerts and Notifications: You will get automated reminders and alerts for pending dues and payment reminders based on the billing cycle.
- Society Accounting ERP: A Billing software should offer an advanced society ERP (enterprise resource planning) for the management to centralise financial operations.
- Automatic Invoice Generation: Our advanced accounting software uses AI and ML to automate the process of bill management, ensuring complete accuracy.
How to Pay Bills Using a Utility Bill Management Software?
Our resident utility bill system collects payment information from different providers and sends reminders to each flat-owner. Once they complete their payment, the system automatically generates invoices. For the apartment management, the billing solution generates society bills and collects pending dues from every resident.
Here is how a resident can use the all-in-one NoBrokerHood app to pay their utility bills:
Step 1: Open the NoBrokerHood App, and go to “My Bills” to pay via app.
Step 2: Find the utility provider and enter your account information, including registered phone number and customer ID (from any previously-paid bill).
Step 3: Enter the required details and check your due payment.
Step 4: Make the payment via credit card, debit card, UPI, net banking or BHIM.
Step 5: Click on “Pay Now” to complete the process. You will receive an instant notification and an acknowledgement receipt.
Why Choose NoBrokerHood for Society Accounting Software?
NoBrokerHood provides a comprehensive apartment management software that manages everything from visitors and staff to accounting and billing. Our world-class portal makes the daily lives of both residents and managers easier by automating the entire process. Furthermore, our simple and intuitive utility billing software makes it easy to manage all bills and maintenance fees.
Choose NoBrokerHood to enhance your quality of life in your residential complex. Click on ‘Enrol Now’ to get a free demo for your housing complex or gated community.
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Frequently Asked Questions
1. Can a utility billing software manage many different bills?
Yes, a utility billing system like the NoBrokerHood platform is designed to manage multiple bills, including water, electricity, maintenance and rent. You can upload all bills to track them in one place.
2. How can I check my utility bill on NoBrokerHood?
You can check your utility bills from our payments portal or mobile app. Enter your customer ID and registered phone number to view all past and pending bills.
3. Will installing a utility bill system increase my maintenance bills?
At NoBrokerHood, we offer some of the lowest fees for end-to-end apartment management. Furthermore, our system can significantly lower the workload needed to manage accounting and billing at your residential complex, leading to lower maintenance.
