Agresso Launch Legal Debt Recovery Software
Financial software developer Agresso has launched its Legal Debt Recovery software aimed at helping private and public organisations claw back debt more efficiently, by significantly reducing the need for a legal resource in the recovery process.
Legal Debt Recovery is an integrated piece of software that enables finance departments to manage debt recovery 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 collection 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 debt 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 improved debt collection 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.”