Debt recovery software launched to increase efficiency in public/private sectors
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Legal Debt Recovery is an integrated piece of software that enables finance departments to manage recovery of debt through the court process. It overcomes the problems of many existing litigation systems by being fully integrated with the Agresso Accounts Receivable/Debtors module and records. This means that records do not have to be constantly reconciled, there is no time lag and everyone can work off the same up-to-date records to generate reminders, letters before action and court documents.
Any legal resource requirement is therefore freed-up for more complex and larger debt recovery cases. Central recovery teams can easily process sundry debt through the courts process to a successful conclusion. This will reduce the internal cost of recovery activity and make recovery staff more productive, with the result of improved recoverability of debt and a reduction in debt written off.
'Debt recovery can be a nightmare for both public and private sector organisations due to the amount and complexity of cases. However, as a result of the recession it is becoming more crucial than ever to track cases and ensure that money is clawed back,' said Anwen Robinson, UK Managing Director for Agresso. 'We are helping organisations do this in the most cost-effective manner possible by limiting any external legal costs.'
Robinson added: 'Legal Debt Recovery will lead to an improved recovery performance, since it offers a cost-effective and efficient litigation process, saving time and resources in securing successful legal action to recover outstanding sums due.'
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