SOLID Business Automation Blog

What is Debt Collection Software?

Posted by Annette Gardner

12-Jan-2017 08:30:00

Debt collection software transforms your monthly 3-day ‘find the spreadsheet, update it so it’s accurate(ish) and then try and contact everyone..nicely’ collections trauma into an effective, instant and reliable mechanism for managing debt recovery.

Debt collection software manages your entire debt collection process. It starts with your database and a list of overdue invoices. It then matches money coming into those invoices and if an invoice remains unpaid for a specified amount of time, the ‘debt collection’ process begins.

And this is all done automatically. (Hurrah!).


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Topics: Definitions, Financials, Bad Debt, Collections, reporting

Why Billing Reports Should be the Next Process You Automate

Posted by Annette Gardner

18-Nov-2015 13:49:28

When it comes to billing, even the smallest mistake can have the most severe impact on your bottom line. 

ISP Finance departments capture, process and organise volumes of personal, transactional and credit information. Typically, these reside in separate (disconnected) software applications. Add the constant high tempo of transaction and data processing required, and it’s clear how small, yet significant errors easily creep into the billing process. 

Automated billing reports provide transparency, identify profitability centres, eliminate unexpected errors and enable detailed billing analysis. Combined, this delivers key information the finance team needs to shore up revenue leakage and add considerable business value.     

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Topics: Billing, Process Automation, reporting