Maintaining financial management on accounts throughout the customer lifecycle can be a challenge in collections and recoveries, particularly as often this functionality is held outside the core platform. It is also essential that debt servicers and purchasers can effectively manage the differing and complex needs of individual portfolios.
Our system of record capability, part of QUALCO’s Collections & Recoveries platform, is an integrated module within the solution, serving as a true extension or substitute for a host system and ensuring the integrity and validity of your data.
Through a simple user-friendly interface, you can configure the system to manage complex customer financials across various transactions, such as receiving payments, and charging interest and fees, with full balance management. This allows it to integrate with your General Ledger (GL) or Enterprise Resource Planning (ERP) systems.
