KollectWrite-off

Financial Computation & Write-off Management

Write-off and Write-back management supported
Ledger Processor to continue to compute interests and financing charges after Core Banking stops all such computations
Payment Knock-off Rule of Apportionment toolkit for Principal, Miscellaneous Charges, Accrued Interests, Addition Penalty Interest and Advance Payment Details
All retrospective past multi-year calculations are done in KollectApps, not in Excel
Advance aging calculations engine for Write-off and write-back type of Accounts
Generate an active Statement of Account for write-off, full settlement or other types of Recovery Accounts

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A guy doing a dinancial computation and write-off management from Kollect

KollectWrite-off features :

Write-off management with Ledger Processor to facilitate retrospective and future interest, profit & financial computation
Payment Knock-off Rule of Apportionment toolkit for Principal, Miscellaneous Charges, Accrued Interests, Addition Penalty Interest and Advance Payment Details
All retrospective past multi-year calculations are done in KollectApps, not in Excel
Generate an active Statement of Account for write-off, full settlement or other types of Recovery Accounts

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Kollect Systems is an innovative tech platform provider with BankTech and FinTech software solutions which leverage AI based decisioning and workflow technologies to help lenders perform Debt Collections & Recovery (BankTech) processes effectively and for mid-size to large scale enterprise companies (FinTech), to automate Receivables, e-Invoicing & Payments better. Kollect Decube is an online platform to manage Data governance, compliance, lineage, data catalog and data observability for managing the Data Assets of an organization.