IOUX

IOUX is an online Contract Execution System with legally vetted templates of draft agreements which can be edited, shared among all parties, eStamped, eSigned by all, eNotarised and stored in digital form. Draft template agreements are available for all kinds of transactions & commitments / deals with the option to Create and upload your own draft which can be executed on-line with all digital facilities for execution.

IOUX also offers to provide the facility for resolution of disputes in case of defaults by parties in meeting their contract obligations or honoring commitments as per agreed dates / schedule. The option can be exercised by the contacting parties to choose any of the Alternative Disputes Resolution Mechanism” (ADRM) by way of ‘Mediation’ or ‘Arbitration’. All such dispute resolutions can be enforced legally against the defaulting party(s).
eSign & Execute any Document/Agreement

IOUX enables its users to eSign a document or contract online by completing easy step-by-step process. Such online e-Sign makes the process of signing and executing any document or agreement extremely simple, cost-effective and fast. Unlike traditional digital signatures, online e-Sign does not require any hardware keys/tokens.

Benefits of e-Sign

No hassle of physically meeting some for signing a document
High level of User Convenience
Saves cost and time
Paperless & better Audit Trail with date-time stamped Signatures
Integrity and non-reputability
Avail Finance: IOUX (A Unit of Petit Moyen Kapital, RBI registered NBFC)

The soon to be launched IOUX Financing Services will have multiple Financers/ Financing Institutions empanelled on the platform to offer various financing products mainly for Invoice and Sales Bills. Only Banks and RBI registered NBFCs and other regulated entities will be empanelled on the IOUX platform for financing. All empanelled Financing Institutions will be mandated to strictly follow KYC Norms, Fair Practice Code and Grievance Redressal Mechanism as per the requirements of the Reserve Bank of India.

Financing Institutions will be matched with borrower/user’s credit requirements and profile thereby providing one or more options of financing to the users. IOUX enables an online system to digitally process financing offers from initial acceptance of terms offered, allowing negotiation between the User and Financing Institutions, finalising the terms and creation of a contract through required documentation between the financing institutions and the user based on the final acceptance of terms negotiated between the Financing Institutions and the User.

What is Cheque Payment Assurance Undertaking?
The IOUX Cheque Payment Assurance Undertaking is a special instrument which supports any Cheque with strong evidence of its Payment Obligation
from Drawer to the Payee.

How does Cheque Payment Assurance work?
Easy and cost-effectively eSigned undertaking creates a factual evidence value of the payment being made by cheque and the genuineness of those transactions.

What is Invoice Payment Commitment?
The IOUX Invoice Payment Commitment is a special instrument which supports any Invoice where Credit is extended by the Seller to the Buyer with strong evidence of Payment Obligation from the Buyer to the Seller by way of accepted Invoice along with Bill of Exchange.

How does Invoice Payment Commitment work?
Easy and cost-effectively eSigned Invoice along with Bill of Exchange accepted online by the Buyer obliges the Buyer to pay the due amount, for the goods or services that have been received, within a particular period or on a particular date. It also empowers the Seller to avail financing based on the acknowledged Invoices and accepted Bill of Exchange.