Too often, with the purchase and installation of banking systems, debt recovery is last on the list of targeted features. Why? Perhaps it is our overly-optimistic human condition. Perhaps the subject makes most banking people uncomfortable. Seasoned executives know differently, however.
Debt recovery is a critical feature for any financial institution that offers loans.
In banking, cashflow is critical. It is common that when you have a customer in arrears this customer is also being contacted by other organizations. You need your needs to come first. And you can achieve this by ensuring that you have adequate debt recovery processes. XRS will help you attain this goal.
There are a number of approaches XRS recommends to ensure maximum debt collection.
Questions? Call us.
This page was created and/or refreshed on March 21, 2017 @ 14:41:40
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Loan Mortgage Arrears Management Software XRS