Look for three stages in one place: check the buyer before credit, track receivables and limits, and recover when payment is late. FundRaksha Trust covers all three: a free GST check and paid buyer reports, free receivables and credit limits, and pay-per-use follow-ups and lawyer-drafted legal notices. Accounting software is better for invoicing and books; MCA data tools are better for company financials.
What an MSME supplier actually needs
| Stage | Need | What to look for |
|---|---|---|
| Before the sale | Is this buyer safe to supply on credit? | GST status and filing, court cases, owner's credit record, supplier-reported defaults, a clear decision |
| During credit | Who owes what, and who is over the limit? | Receivables and ageing, credit limits, alerts on watched buyers |
| After the due date | How do I get paid without a lawyer's office visit? | Scheduled reminders, firmer follow-ups, legal notices with proof |
Selection criteria
- Price that fits small volumes: pay per use or a low plan; avoid paying for a year of features you use twice.
- Works for your buyers: many are proprietorships and partnerships, so GST-based checks matter more than company filings.
- Mobile: owners and salespeople decide on credit on the phone.
- Language: an app in Hindi helps staff outside the head office.
- Imports: if your books are in Tally, importing receivables saves re-typing.
- Refunds: failed checks and declined requests should not cost you.
An honest shortlist
FundRaksha Trust: check, track and recover
A strong choice for Indian SMEs that sell on credit. Android app (available in Hindi) and a web app for teams. Free basic GST check; Advance GST report 129 RP; GST + Financial report 499 RP with a give-credit, caution or avoid decision; watchlist 99 RP per buyer per month; soft follow-ups 99 RP; hard follow-ups from 349 RP; digital legal notices from 749 RP; physical notices from 1,099 RP. Receivables, credit limits and Tally import on the web app.
Accounting and invoicing software
Your books, GST invoices and returns. Many include payment reminders. They do not tell you whether a new buyer is safe to supply.
Company data tools such as Tofler
Tofler offers company financial statements and ratio analysis from official filings such as the MCA, on annual plans from ₹15,000 + GST. Useful for large company buyers. See Tofler alternative.
Free GST lookups
The GST portal and sites such as KnowYourGST confirm a GSTIN for free. Identity only. See GST verification app.
Worked example
A Coimbatore pump maker with 120 dealers imports its Tally receivables into the Trust web app, sets a credit limit for each dealer, and runs reports on the 18 dealers who joined in the last year. Three come back "give credit with care"; it shortens their terms to 15 days. Two older dealers more than 60 days overdue get a soft follow-up; one that ignores it gets a legal notice. Recovery support in the city is at FundRaksha Coimbatore.
Getting started in a week
- Sign up with your GSTIN; an OTP goes to your GST-registered mobile or email.
- Recharge your wallet (from ₹1,000) by UPI, card or net banking.
- Import your receivables from Tally on the web app and set credit limits.
- Run reports on your newest and largest buyers first.
- Start soft follow-ups on invoices more than 15 days overdue.
Invite your accountant or CA so they see the same receivables and reports.
Sources
Last reviewed: 2026-10-21. Information for Indian businesses; not legal advice.