Debt Collection and Recovery Management System
Modernized Age-Old Systems to Create an Adaptive Enterprise and Reducing Costs with Advanced Development
- Comprehensive migration and feature-rich enhancement of existing Windows based system
- Fully automated accounts payable workflow with QuickBooks accounting system
- Exclusive reports for sales forecasting, collections statistics, and financial information
- Putting domain acumen at work- streamlined process for effective debt recovery
- Strengthened engagement with our flexible approach and dedicate support and maintenance
Highlights
Client Location
United States
Industry
Financial Services
Business Model
Dedicated Team
Technology Used
- .NET Framework 4.0
- SQL Server 2008
- HTML
- XML
- CSS
- Jquery
- Javascript
- Quickbooks 13.0
- Telerik AJAX Controls
- Microsoft RDCL Reporting
About Debt Recovery Software Project
Based in USA, highly acclaimed firm catering to commercial debt recovery services was incurring heavy losses and recurring costs due to use of outdated systems. More than a decade old, their systems couldn’t sustain against the tide of current business practices and technology advancements.
The company was looking for an ideal IT partner to redevelop their tech vision by uplifting the functionality to suit next-gen debtors management software. They wanted to transform their internal system to lead the market with best-in-class technology solutions.
Specific challenges were:
- To replace the existing software- that incurred heavy yearly costs and modernizing the traditional system; precisely migrating its historical data of twelve years from Sybase to SQL Server 2008
- Meet the ever changing consumer demands with centralized authorized access to all departments and empowering its employees with seamless and secured user control management for employees
- Inclusive Report management module for analysing collected data and generation of various reports for Admin, managers, sales and on-ground collectors based on their unique needs and financial forecasting
- To bring various isolated business processes in different platforms like MS Access, Visual Basic, PHP Web Portal, My SQL and many other isolated manual processes in MS Excel under one fully equipped loan collection management system.
- Integration with QuickBooks was needed for bi-directional data synchronization capabilities with web portal for payment reconciliation , automating account payable, and generating accounting reports
- Moving over constraints of highly skilled team of designers, developers and analysts, with exceptional talent and strong grit over technology, to mould the ideas into results to match the needs
Proposed Debt Management Solution
To gain in-depth knowledge of their contemporary intranet system and well-defined business prerequisites, a team from Radixweb undertook thorough analysis of debt collection software requirements. Furthermore, the team simplified various modules and understood functional interaction specifics.
After assembling required information about enterprise processes and intricate work flows, the team designed mock ups to prepare the comprehensive skeleton about the debt recovery software. Such mock ups saves on additional iterations and efforts-yielding more productive in stipulated time.
Technology Consulting
Synchronizing required information and in-depth analysis – we proposed Agile Methodology and .NET technology for developing debt collection management software.
Prototype Development
Intuitive and engaging framework of the system was prepared using Balasmiq tool that helped in flawless visualization much before it came into being.
Custom Application Development
Customizing software requirements is a piece of cake for established pioneers like Radixweb. Our extremely dedicated team worked relentlessly throughout the development process, while imbibing complete transparency.
Application Integration Services
Integrating Third Party Systems is where expertise and experience comes in handy as we seamlessly integrated QuickBooks Accounting system to automate accounting functions.
Testing and Quality Assurance
Adhering to strict standards of application quality helps to add authenticity to our products, thanks to our exceedingly team of QA professionals. The team followed agile process during testing phase too.
Application Support & Maintenance
Consistent support to the application post developed ensured optimum performance. The team looked in to meet all business needs and aided a smooth working system in the final hand over.
Implementation of Debt Collection Software
After successful deployment of the system to production environment, efficiency and output of the users have increased manifold. With a hassle-free and tech-savvy approach, Radixweb has enabled their business by:
Higher Business Productivity
- Cut down on heavy recurring costs due to use of traditional software
- Blended with cutting-edge innovation and futuristic vision, the solution has streamlined all business operations and recovery activities to consequently satiate futuristic goals and grow their business exponentially
Abridged and Secured Solution
- Sharpened the competitive advantage for the company; the highly secured and safe solution has strengthened its market presence by widening its base of loyal customers and acquiring new
- With real time analytics and reports, users make better and insightful decisions
Streamlined Operations
- Played a crucial role in devising the futuristic vision of the organization, while minimizing the time with streamlined, feature-rich and automated processes
- With a centralized system, availability of information became easy and it duly eliminated the overhead of managing multiple isolated business operations. It also saved time and efforts
Customer's Speak:
An outstanding partner to our vision, the team turned indispensable for successful redevelopment and launch of collections platform- and we received overwhelming response from our stakeholders. Exceptional project management and communication skills.
- Jana Bauer, MIS Director at Collection Agency, USA.
