Time to Stop Wasting Hours on Compliance and Focus on Debt Recovery

With an enormous number of debt seekers in the market, there is a neck-breaking pressure on debt collectors to assure compliance. For this they device better ways of debt collection and manage complexities, to enable maximum recoveries. But in most of the cases, companies are not prepared to face these challenges, and debt collectors end up violating debt collection laws.

While so much time is lost into compliance, debt recovery loses all the attention when that should be the primary focus. And to bring back the lost balance, people need powerful solutions.

Introducing a Robust Software — Cogent

Cogent is a debtcollection software that collection agencies and law firms need. A software for collections and case management, designed with creditors’ rights and compliance issues in mind that makes debt recovery easy, through automated collections and case management.It immediately improves productivity, simplifies document management, provides powerful inventory control, and offers a real cost savings with greater flexibility.

This debt collection software allows the user to gain control over the entire debt collections process.

How Does this Debt Collection Software Help?

Better Manage Changing Compliance Requirement

Cogent works by storing compliance related items. It triggers action sets based on conditions to remain compliant with industry mandates. It has also introduced automated document verification process, which eliminates the possibilities of errors, visible in manual processes.  

Manage Complexity and Keep the Data Clutter-Free

It makes it easy to manage complexities by building and maintaining multiple customized business workflows with specific business rules. The fact that it can be consistently and effectively enforced on specific segments of the claim inventory makes it possible to keep the data accurate and clutter free.

Analytics and Reporting

Cogent enable firms to assess and manage measurements that are relevant to their clients, which gives them a significant advantage over the competition. In-addition to improved analytics capabilities, Cogent’s provides Metro 2 compliant standard and custom reporting feature.

Increases Productivity

Cogent helps increase productivity with easy-to-use tools that- Integrate scanning and imaging, systems that create and records promises to pay and payment, Interest calculations and final payment calculations based on payment due date interest rate and much more.

Saves from a Tedious Process of Background Research

Cogent saves debt collectors from a tedious process of background and credit searches, as its third party vendor interface and has all the information stored, which is displayed automatically. Also, the Document Manager in Cogent empowered to create, print, scan high volume of documents and automate letter and document production.

These are some of the several benefits that technology can lead to, in a debt collection processes. Besides these, there are customized services for product implementation, deployment and customization, training and onboarding, legacy system migration, product roadmap- releases aligning with industry requirements and comprehensive support. Explore the best methods that can be used for your specific business.

Cogent (a debt collection software) is just one of AgreeYa’s products. AgreeYa has a power-packed product portfolio, which includes: SocialXtend, Onvelop, VDIXtend, Edvelop, QuickApps, and BeatBlip. Besides, its solution and service offerings include solutions for — portal, content management, and collaboration on SharePoint, cloud and infrastructure, enterprise mobility, business intelligence and big data analytics, product engineering, application development and management, independent software testing, and staffing (IT and risk/compliance) solutions.