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AR Automation Benefits : 6 Reasons to Automate

AR Automation Benefits : 6 Reasons to Automate

Do you struggle to find the time to chase customers for your money? Are you slogging away entering data onto slow and outdated systems? Maybe it’s time to step up your systems and go digital. A manual accounts receivable system is tedious and outdated. It also leaves...
Making the Right Collection Calls

Making the Right Collection Calls

Traditional behavioral scoring has filled the bill for many years by providing a basis for making decisions about which delinquent accounts to call. But with millions of dollars in uncollected delinquent dollars, many financial institutions are supplementing their...
The Concept of Debt Recovery Management

The Concept of Debt Recovery Management

Banks were never so serious in their efforts to ensure timely recovery and consequent reduction of Non-Performing Assets (NPAs) as they are today. It is important to remember that recovery management, be of fresh loans or old loans, is central to NPA management. This...
Ten Tips to Successful Debt Collecting

Ten Tips to Successful Debt Collecting

Tips on how to collect debt: 1. PREPARE: Review the paperwork on the debtor before making the call. Know the history of the account, credit record, the promises kept/broken. Have all records in front of you, ready for reference. 2. ATTITUDE: Adopt a straight,...