Up your cash flow - increase your debt collection

Cash flow - the lifeblood of any organisation - can be seriously compromised by lagging debtors. How to improve on collections, then?

Successful debt collection results from timely and accurate information, prompt action, productive contacts and tight follow-up. Industry as well as client-specific models used for prioritising delinquent debtors add to the success of collections.

Solidus Debt Collection, a product developed by Integrear Systemflo, offers a solution to problems experienced with the management of debt collections. This automated solution is an end-to-end process-driven system for organisations serious about their debt collection.

Solidus is a robust solution that enables organisations to profile their delinquent debtors according to client-specific rules, link strategies to these profiles and constantly measure all collection and follow-up tasks.

According to Dal'ene Opperman, Business Manager at Integrear Systemflo and a specialist in the field of debt management: "The automation of debt collection is vital. The decrease in time spent on support or clerical work will enable your collectors to spend 80%+ time on making contact with their delinquent debtors. This increase in contacts will increase amounts collected, decrease your days outstanding, and assist in increasing your cash flow. With their work prioritised for them, collectors can now work on the same page. Pre-determined scripts for each type of contacts will assist collectors to manage the contacts made with debtors professionally and effectively."

The benefits of the Solidus Debt Collection system are clearly measurable. Costs are greatly reduced, days outstanding are minimised, and collections are improved on. The productivity and capacity of collectors are undoubtedly improved by automated communication.