CollectWin is the product of dFlora which automates the management of bad debt collection.
Collection is one of the primary concerns of the companies as it affects directly the balance between cash flow and profitability. Usage of credit like cards, consumer loans, mortgage, car loans rises nearly 15% in every year. This increases the significance of on-time debt collection for companies.
When delays arise in collections, companies first try to sort it out using their internal processes and then appeal for legal processes. In the pre-legal period either customer representatives or call center agents are engaged; whereas during legal processes either corporate’s lawyers or law consultancy agencies are engaged to perform the debt collections.