Debt collection software for banks is the exclusive focus of our company, Intelligent Banking Solutions. Our experience with firsthand asset recovery management is how we help banks improve their collections process.
Your best choice among loan collection software products is one with proven processes and services dedication. Our experience and effort have been perfecting the best debt collection software for banking: CARM-Pro™ Collection and Recovery Manager – Professional™, for more than three decades.
Customer Loan Account Management with Less Cost
Banks use our information and insights about automated debt collection software to select the best debt collection tools for their employees. Debt recovery software is choice technology for banks, and your special asset officers can use CARM-Pro™ to comprehensively record, manage, and recover all loans owed to your bank.
This robust system empowers banks to recover invoices faster, increase income, decrease loan delinquencies, and reduce costs of debt charge-offs.
Loan Collection Software Information for More Credit Recovery from Debtors
Loan collection software information enables collectors to initiate or adjust workflow configurations within CARM-Pro™ to perform compliance steps that ensure communication follow-through.
Collections agents at banks and credit unions can seamlessly integrate and interface CARM-Pro™ with the bank’s core and non-primary account servicing system. This proven debt collection recovery software provides account management employees with a full overview and status of all debtor account information.
Account Debt Collection Software for Debt Collectors to Help Service Consumers
Debt collection software for banks enables collectors to help service customers.
Agents can use CARM-Pro(tm) to:
- Pursue past due accounts, delinquent and charged off accounts
- Track bankruptcies, foreclosures, and repossessions
- Perform management of Other Real Estate Owned (OREO)
- Decrease loan delinquencies and reduce debt charge-offs
- Increase bank loans invoices income with less manual effort & robust customized automation
- Increase risk tolerance and compliance with internal policies and external regulations
Ways the Best Debt Collection Software for Loan Collection Decisions is CARM-Pro™
Our lender customer partners say the best debt collection software they’ve ever used is CARM-Pro™. Of the many reasons that clients cite for highly-ranking the technology, the most common feedback is that CARM-Pro™ is comprehensive, user-friendly, intuitive, configurable, customizable, cost-effective, compliance-increasing, risk-reducing and revenue-generating.
Your Banks’ Debt Collection Strategies and Options with CARM-Pro™
A robust database with unlimited fields that enable banks to store and leverage any data they require to implement their debt collection strategies is a major feature of CARM-Pro™.
This automated debt recovery tool allows for unlimited collector assignments and unlimited inclusion and exclusion parameters. This flexibility enables clients of Intelligent Banking Solutions to fully deploy the complex decisions capabilities of CARM-Pro™ software to assign account queues according to their own unique debt collection strategies.
Business Performance and Analytics for Banks instead of Agencies
Business strategies and performance for banks are very different from strategies of collection agencies seeking to collect on other agency outstanding money owed, or to collect on indebtedness that they purchased. Banks appreciate the advantage of CARM-Pro as dedicated money collection software for banking.
Money Insights Increase Loan Payments from Customers
Banks use loan collection software to gain money insights that help increase customer loan payments.
For example, a system like CARM-Pro™ Collections and Recovery Manager – Professional ™ can:
- Initiate comprehensive collector-action workflows to eliminate manual recording & measurement
- Customize & automate delivery of collector-initiated letters, email, SMS, voice message options
- Gain a full audit trail of every asset-recovery activity and debtor communication
- Track “next actions” to be taken according to your bank’s defined parameters & schedule
The Best Debt Collection Software for Banks
Customers say the best debt collection software for banks is CARM-Pro™ for the following reasons:
- All-inclusive automation of every task/action a collector takes on any debt owed a bank with CARM-Pro™
- Enabled systematic, documented management & recovery of every type & stage of debt with CARM-Pro™
- Customized, automated contacts (letter, email, SMS, recorded voice messages) with CARM-Pro™
- Acceptance of unlimited account assignment parameters within CARM-Pro™ enables integrated debt collection strategies for banks
Debt Recovery Software Compliance Advantage of Reducing Risk and Costs
The collections effort for past due loans is not unique to banking. But now more than ever, your collection officers must manage an increasingly wide range of variable and complex debts.
Specialty loans of all types are now common. Credit card debts are rising and debtors are becoming overdrawn. Use of payday loans is wider. Collections process regulations are increasing, along with the demands of insurers, guarantors, and other vested parties that each add rigorous compliance obligations to your bank.
Rising Number of Consumer Loans Requires Top Debt Collection Software
The rising number of debtors requires top debt collection software to help banks recover more loans faster.
The Way Debt Collection Automation Tools Process Loan Payment Recovery
Powerful automation makes CARM-Pro™ automated debt collection software an indispensable debt collection and asset recovery tool for bankers. This feature-rich banking software streamlines debt collection strategies for banks with collector action-initiated workflows that sequence, automate, and record every step or action a collector makes to recover any debt owed to the bank.
Rob co-founded Intelligent Banking Solutions, Inc. in 1989, after spending six years as a lead developer for a core banking system, and three years as the SVP, MIS at St Mary’s Bank. Rob’s focus remains growing Intelligent Banking Solutions' staff, so we provide world class collection and recovery solutions to banks and credit unions, while expanding our partner channels beyond all main core system providers and primary ancillary product relationship partners.