Debt Collection Software - Editor's Choice
#1 Latitude Software                                                                   
Review date: 04.05.2010

Description:

Latitude software specializes in software and services for the debt collection and debt recovery industry. It allows collection agencies, debt buyers and creditors to manage all aspects of the debt collection and recovery process.

Screenshots

Price:

Free demo

Advanced Features:

  • 32-bit Architecture
  • Reports and letters
  • Search and sort data selection filters
  • Account status codes
  • Names of fields and forms shown on the screen
  • Can run on your own server or as a Hosted solution

Review:

Batch Processing with flexible queries by your selected criteria. Includes post transactions and schedule next action. Account matching and grouping.
  • Manages all aspects of forwarding business (accounts) to outside collection agencies.
  • Customizable data entry screens
    • Allows you to manage all aspects of forwarding business accounts to outside collection agencies.
  • Secure 24 hour client access.
  • Comprehensive legal package.
  • Tools to help you to collect faster and smarter
  • Remote Client Access System.
  • Integrated Payment Processing.
  • Windows-based Collection software.
Best of all, an excellent choice for start-up collection agencies because this software is the only collection software specifically designed for the small to mid-sized collection agency.

#2 Collect                                                                                       
Review date: 04.07.2010

Description:

Highly configurable, this program is priced by user and option so the software is relatively inexpensive for smaller businesses. Including excellent on-line manuals as well as live and pre-recorded training videos.

Screenshots

Price:

Free Copy Download

Advanced Features:

  • Write-off bad debt
  • Script Files On Any Field or Form
  • Complete on-line debt collection
  • System Files Lock Down
  • Messages and notes are security based
  • First payment defaults
  • Report Generator
  • Complete Collection Package

Review:

Best of all, businesses decide when to start, stop and suspend collections with the click of the mouse. You can review all your collection activity at a glance.
  • Automation and scheduling combined with a flexible framework. Adequate reporting and receivables personnel accounts management.
  • Report wizard for creating your own savable reports.
  • Fully integrated promised payment management.
  • Control User's Access To Reports.
  • Integrated Database Maintenance Functions.
  • Flexible tax rate assignments.
  • Prioritized Work Queues with Time Zone.
  • Track Principal, Interest, Fees and Other Charges.
  • Account matching with automatic data copy and cascade.
Overall, designed for multi-user environments, this all inclusive debt collection software solution will ensure your ability to meet and exceed your recovery goals. One of the best solution for credit and collection management.

#3 Totality Collector                                                                   
Review date: 04.01.2010

Description:

Designed with the user, not a programmer in mind, Totality's full-featured tickler system allows the user to set a tickler. Besides, there are no IT costs or per seat charges and no software to load or manage. Quickly and easily adapts to your business such as: law firms and collection agencies.

Screenshots

Price:

From $599

Main Features:

  • Scanned Document Management
  • Detailed Collector Performance reports
  • Client totals and account balances
  • Notes document all of your collection efforts
  • Up to 18 custom data fields
  • Client Bank Control

Review:

Totality Collector is based on the number of accounts you manage in the program, including unlimited technical support.
  • Handles up to 1000 active claims and accounts.
  • Allows you to allocate payments between principal, interest, and costs.
  • Track client and creditor contact information.
  • Built-in safeguards for handling NSF checks.
  • Send detailed statements to debtors, clients and courts.
  • It offers the ideal platform for any collection department, debt purchase or debt collection organisation.
  • Automatic Late Payment Letter Production.
This totality debt collection enables you to manage every transaction securely and accurately. Best of all, there's no need for time-consuming training.
#4 WebAR                                                                                       
Review date: 08.10.2009

Description:

Designed for the small to mid-sized collection agency, you can accomplish exactly what you need to with no wasted time, money or human resources. The easy to use debt collection software and the right choice for law firms and collection agencies.

Screenshots

Price:

Free demo

Reduce IT overhead by eliminating the hardware and software costs. Includes collection tools to process payments.

Main Features:

  • Realt-time reporting
  • Data integration and synchronization
  • Allows for customized pages for each user
  • Secure hosted solution
  • Online account management

Review:

THis web-based solution lets you to maximize employee productivity by transferring labor-intensive tasks such as taking a payment.
  • Integrated electronic payment processing
  • Role and permission user management.
  • Accounting and invoicing with collector work lists.
  • Job process automation and credit reporting.
  • No software to install.
  • Customizable interface with form builder and page tools.
Overall, WebAR integrates with most accounting systems and collection software. It facilitates accepting Credit Card, ACH, and client direct payment transactions. Moreover, all financial information is encrypted using AES 256.
#5 WinDebtXL                                                                               
Review date: 08.05.2009

Description:

Today's businesses can arm themselves with similar software used by collection agencies to recover debt. Moreover, some collection agencies will charge up to 50% of any amount they collect. This software will improve the efficiency and effectiveness of your agency.

Screenshots

Price:

Free demo

Software Summary:

Easily create reports and document templates. Manage multiple contact plans

Main Features:

  • Intuitive Collector Desktop
  • Customizable Strategy Plans
  • Real-time Activity Monitor

Review:

This product provides the end to end functionality for enterprise level account management. Send customized emails to your overdue customers.
  • Allows management to query specific accounts
  • Customizable Strategy Plans..
  • Real-time Activity Monitor. .
Overall, this web-based solution provides the end to end functionality for enterprise level account management. And combined with Microsoft SQL Server, it will deliver stability, reliability and speed to your running operations.

Debt Management Software
  • We rank the best software with side-by-side comparisons. Find and compare debt collection software from multiple vendors.

    How to choose a Web-based collection software?
    These browser-based debt collection provides agencies and corporations with a wide array of tools to manage collection accounts .

    Here, you'll find detailed descriptions on programs and tools designed for small to mid-sized debt collection agency and law firm software needs.
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