Time is money, and collecting payments faster can have a huge impact on your factoring company’s stability as well as your profits. FactorCloud’s Collections Tool helps you collect more money, faster, by answering these questions:
- How many calls are your collections agents making per day? Do you know? With FactorCloud, you can configure your own collection rules allowing the system to prioritize what calls your agents need to make, instead of having your agents pick and choose at their discretion.
Is your collections process too redundant? With FactorCloud, the rules you configure will prioritize each invoice, but include global aging information for each debtor to eliminate back-to-back calls on client aging with the same debtor.
Do you experience communication gaps between your collectors and account executives? FactorCloud will flag all invoices that are disputed or uncollectible, within the invoice audit and purchase, ensuring your team has proper notification of bad debt in efforts to streamline the chargeback process.
Want to learn more? Schedule a demo today. We’d love to talk about how we can help you collect more money, faster!
Learn more about FactorCloud's participation in the factoring industry.
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