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KollectWrite-off

Financial Computation &

Write-off Management

KollectWrite-off

  • 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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