WHY USE DEBTCONTROL
DebtControl can either be used by The Debt Recovery Industry or deployed in Companies wishing to manage their own receivables recoveries.
DebtControl specialises solely in delivering a best practice Receivables Recovery management system.
DebtControl's value transcends mere cost savings (a benefit delivered by other financial collection software packages) because it literally increases an organisationís cash in hand, reduces profit leakage and improves customer satisfaction. This means an improved debt to equity ratio, reducing external financing needs and enhancing credit ratings
With DebtControl in place organisations realise both short and long term results with far-reaching outcomes, including the following 8 key benefits:
Improves Cash Position
Speeds up the cash collection process, increases the number of invoices collected on time and reduces overdue receivables by 50 Ė 95%. This results in a reduction of working capital thereby increasing available cash assets.
Lowers the internal time and resources assigned to accounts receivable processes, cuts the cost of manual and paper based billing, minimises fees to outside agencies and solicitors, providing direct operating expense savings of 10 - 30%.
The automated closed-loop cash management system generates an improved cash position and a lower operating cost therefore reduces profit leakage by 25 - 40%.
Increases Customer Satisfaction
An end-to-end solution that dramatically improves the customer experience, increasing satisfaction and reducing churn.
Provides Management Control
Centralises management of all cash related information, with real time reports available.
Improves Team Productivity
Automates an organisationís cash management document preparation and workflows, with automated reminders.
The credit worthiness of prospects can be checked prior to accepting them as customers.
Delivers Strategic Advantages
Increases competitive advantage with strategic use of customer information, an improvement in business process visibility and control along with a greater business focus resulting in a reallocation of resources to improve service delivery execution