Debt collectors or debt
collection agencies often come across individuals or clients who are trying to
pay their dues or are usually too late when it comes to repaying. Sadly, not
every customer is on time and is willing to pay the amount in due time.
Customers who do not pay their
dues and need to be followed continuously for months are identified as fragile
customers and are actually a nightmare to deal with. But since this is the
industry you are in, you have no choice but to deal with them.
What if there was a way to
reduce the number of delinquent customers without reducing the likelihood of
default loans and going through the profile of every customer and doing a
background check on every one of them?
We at uni-collect.com work for
this and hence came up with collection
software for financial agencies called VQN that can help financial
institutions automate the entire process of reviewing and collection of debts
in a cost-effective manner.
The software can
review the accounts of profiles of all the clients and separate them into
clients that are at low risk and those that are at high risk. In this way, you
can focus more on these high-risk clients.
Another problem that
the majority of the financial collection agencies are facing is the compliance
issue. The rules have stricter which needs every company to adhere to these
complained rules otherwise pay compensatory fees. We have developed compliance software products to review
all the documents and conform to the rules automatically to make your task
easier.
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