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Through technology, collections management can be optimized. This is important since a good collection process guarantees good financial health.
Good Debt Recovery software operates from an objective stance and according to a strict code of ethics. Though debt collection or account receivable department is playing a crucial role in corporate companies, many are least bothered about automation to ease the operational tasks of resources working under tremendous pressure.
Thanks to the use of Information Technology, in the collection process, a higher percentage of debt recovery is achieved by allowing better portfolio management by automating payments follow up, generating alerts, and segmenting priorities.
What are the biggest problems in Debt recovery?
Bad debt is critical challenge every business face. Debt collection can be more challenging and time consuming process. Sometimes the debt collectors faces the problems like the customers refuse to pay the debt. In such cases they have the right to charge a case against those customers.
Why need automated Debt collection software in UAE| SAUDI ARABIA | QATAR| OMAN | BAHRAIN | KUWAIT?
Debt collection automation help you to simplifies processes, enabling the collector to focus more energy on phone calls and follow-up activities with right information in hand. Automation reduces operational costs and collection executives can focus on their tasks or on optimizing their collection techniques to ensure that they are successful in their collection process.
How debt collection works?
Debt collectors work for any debt-collection agencies. Some of the debt collectors operate independently, and some are also attorneys. A debt recovery agency can get all types of debt like credit card, medical, automobile loans, business, student loans, and even unpaid utility and cell phone bills. These agencies plays the role of a mediator, collecting customer's delinquent debts and remitting them to the original creditor.
What features should look for in a Debt collection software in UAE?
A Debt Collection software can help you reduce your debt collection period while you focus on your business and its growth. Timely debt collection can lead to improved cash flow, which will help businesses reduce the risks of incurring losses. it is important that you collect debts at the earliest with the support of right information tool beside you and rapid follow up.
Beveron Smart Debt Collection software is the most needed management software that will be a best choice for your debt collection agency to operate efficiently.
What is special about beveron smart debt collection software?
Our software is widely used by corporate companies that need to collect or manage their first party debts. Smart Debt Collection is designed to improve debt collection operation by increasing debt collection rate and by reducing expenses there by increase your profits. Some of the debt collectors operate independently, and some are also attorneys. A debt recovery agency can get all types of debt like credit card, medical, automobile loans, business, student loans, and even unpaid utility and cell phone bills. Implementing a streamlined software system for monitoring customer payments and pursuing overdue accounts makes your business staying on top of overdue accounts much more manageable.
Benefits of Automating Debt Collection UAE| SAUDI ARABIA | QATAR
• Reduce Bad Debt: Smart Debt Collection generates daily tasks for your debt collection agency executives. Sending timely notifications to debtors keep track of the due date for their next installment to reduce bad debt.
• Increase Debt Recovery Efficiency: Improve cash flow in your debt collection department with our smart and intelligent credit management software smart debt collection.
You can track client’s action history with debt details, such as date, loan collected amount, company code and business name.
• Increase productivity of Collection Agents: Automating the collection process empowers debt collection specialist to talk to the right customers at right time. Collection agents can save a lot of time in reports preparation and filling updates.
• Collaboration platform: Help to connect entire team by providing channels for communication at both individuals and team levels. Help to communicate with clients securely and collaborate with clients and give them self-service access to shared documents.
• Reduce manual data handling: Software helps you to reach more clients in less time with maximum productivity and save important emails and other details for future reference with an auto collection update tool. This smart solution helps to reduce all manual operations and increase agent’s efficiency.
• Increase cash flow to the agency: With our smart software solution, reduce the operational costs and overheads in your recovery agency and focus more on collecting th loan and helps businesses get paid faster.
• Easy to use & scalable: It is an online credit collection software developed to suit different channels and specific needs. Moreover, this simple software does not need any additional installation.