Articles

Why QR Codes Are Essential for E-Invoicing Compliance

A QR code, which is also known as a "quick response" code, is a square, black-and-white picture that lets people quickly get more information on their phones. People can use their phones to read the QR codes and find out more about a business or product. You can even put links, deals, and coupons in these hidden symbols.
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November 20, 2024

The Rise of E-Invoicing in the Digital Era

In the current fast-paced company environment, maintaining a competitive edge needs ongoing innovation and optimising operations. Improving invoicing can provide organisations with a competitive advantage. E-invoicing removes paper and inefficient digital invoices, providing advantages to enterprises of all scales.
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October 29, 2024

Why Chatbots and Automation Work for Debt Collection

Debt collection technology has changed dramatically. The COVID pandemic certainly had quite an impact, but overall, people’s online behaviors have changed, especially when it comes to how they handle their finances.Instant gratification has become the norm. That’s why chatbots and automation are working so...
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October 18, 2023

Trends Shaping The Debt Collections Sector

Scalable information and communications technology has revolutionized how information, content and experiences are created and consumed. India has witnessed massive change in across industries on account of digitisation. While the financial services industry has always been a keen adopter of technology,...
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October 11, 2023

A Fresh Perspective On Ethical Debt Collection Strategies For the Digital Age

Even though the methods for collecting debt have improved over time, many businesses still avoid investing in credit technology due to the unpredictability of lenders' relationships with borrowers. Multiple worldwide sectors have been compelled to move their business activities online due to the...
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October 4, 2023

Big Idea : Removing Aggression from The Debt-Recovery Equation Could Reduce Banks’ NPAs

As per RBI’s financial stability report, released in December 2021, the Gross Non-Performing Assets (GNPAs) of banks may rise from 6.9 per cent in September 2021 to 8.1 per cent by September 2022 under the baseline scenario, while under the severe stress scenario they...
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September 27, 2023

Using a Collection Agency for Unpaid Invoices

When collections are an absolute hassle, it’s nice to know that there’s an alternative — you can use a collection agency. It’s not a perfect option, but it can be better than spending all of your time chasing after a client for an unpaid invoice. And, since collections is all such agencies really do, they often have resources at their disposal that the...
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September 20, 2023

AI and ML-Based Technologies Empowering New-Age NBFCs to Offer Hyper-Personalised Solutions

Resilient and thriving ventures across the sectors have identified the technological capabilities and adopted them to create sustainable, profitable businesses. This enables successful businesses to...
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September 13, 2023

Six Ways Automation Helps Fintech Debt Collection

Six use cases for reducing debt avoidance and driving Fintech debt collectionAmid a globally uncertain business environment and heightened regulatory scrutiny, banks, fintechs, and other lenders are facing relentless pressure to improve debt collections, without escalating recovery costs and time. Current debt recovery solutions still rely largely on manual...
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September 6, 2023

Can AI Make Debt Collection Smarter?

Debt collectors have a tough job. They’re often on the front lines of collecting debts, and it can be difficult work. Sometimes they need to take legal action against delinquent account holders, and that’s an expensive process for both parties involved. Artificial intelligence may provide debt collectors with a means of collecting more money...
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August 30, 2023

5 ways in which Artificial Intelligence and Machine Learning Improve Customer Experience

Digital transformation has disrupted the financial services sector today, creating two worlds, namely traditional and FinTech. Increasing data-driven trends in fintech have cut across traditional financial...
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August 23, 2023

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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.