Looking for debt recovery software? Beware expensive imitations!
19th May 2009
Looking for debt recovery software? Beware expensive imitations!
DebtimeSQL from Linetime is the real thing!
If you search the Internet for debt recovery software you will doubtlessly return a fair number of systems that purport to offer debt recovery facilities. Do not be fooled!
On closer inspection you will find that many of these systems began life as general purpose case management systems and have subsequently been modified to provide a (variable) degree of debt recovery functionality. They may suffice if your debt recovery requirement is a very simple process, or an extension of your own credit control activities.
If you are serious about debt recovery, and wish to cost-effectively process large volumes of varying types of debts for a wide variety of clients, then you will need a specialist debt recovery system.
In 1990 Linetime recognized that the debt recovery sector had special requirements and began offering specialist debt recovery software. Offered alongside, and integrated with, their legal accounting and case management systems their current Microsoft SQLServer based product, DebtimeSQL, is a specialist product designed to meet the needs of a busy debt recovery operation.
So, when checking out any ‘debt recovery’ solution offered we suggest you make sure that it contains (at a minimum) the following functionality. DebtimeSQL certainly does, and more…
• Ability to mix invoice, credit note and ‘bounced’ cheque lines
• Unlimited number of co-defendants
• Suitable for consumer and commercial debt types
• Automatic Interest calculator
o All interest types, including late payment
• Customizable workflows
o Satisfy individual client requirements
• Pre-defined enforcement procedures
o Warrants, Charging Orders, Attachment of Earnings
o Central lists – Courts, HCEO’s, Land Registries
• Financial Management
o Scheduled client & group billing
o Stage & multi-matter billing
o Gross & Nett Billing – with cheque printing
o User-defined charge tables – can be client specific
o Payment Allocation Profiles
o Auto-calculation of fees & costs
• Installment & Arrears Management
o Per debtor
• Secure & sophisticated web-based client access
o Add, amend & review case details
o Provide case/usage statistics
o View case history on-line
o User-definable reports
• Auto-completed documents and court forms
o LBA’s
o Oyez & Laserform
• Links to other systems
o CPC/CCBC
o London Gazette
o NLIS
o PCOL
o AFD Postcode
• All this and much, much more…
You may not need all of this functionality from day one but we do feel it important that you do not ‘paint yourself into a corner’ by purchasing a system that does not have the ability to cost-effectively cope with future, as yet unidentified, client requirements.
The inherent flexibility within DebtimeSQL ensures it will grow with you, as many of our clients are happy to testify.
To find out how DebtimeSQL can improve the performance and profitability of your debt recovery operation please contact Keith Hutton, Sales Manager on 0113 2500020 or email keithh@linetime.co.uk.
Liberate from Linetime is a complete suite of products consisting of:
Practice Management
Case Management
Debt Recovery Software
Contact Marketing
Business Intelligence
B2C - Secure Web Access
ImageRouter
Liberate Express - Matter Management