Financial Computation & Write-off Management
KollectWrite-off features :
- Write-off management with Ledger Processor to facilitate retrospective and future interest, profit & charges 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.