3. Having
delinquent
accounts
on
your
books
has
become
increasingly
probable.
Even
your
best
collectors
could
be
struggling
to
succeed
because
of
increased
levels
of
delinquency.
With
more
loans
going
to
the
li4ga4on
stage,
many
of
the
most
complex
and
costly
struggles
happen
when
legal
gets
involved.
7. There
are
5
ways
this
type
of
system
can
help
your
team
solve
the
worst
headaches
encountered
during
the
li.ga.on
stage
of
collec.ons.
8. Statuses
and
associated
legal
processes
are
updated
in
real
.me.
Unlimited
number
of
processes
and
associated
statuses
for
monitoring
ac.vi.es.
Alerts
func.onality
no.fies
users
of
upcoming
proceedings
and
mandatory
ac.ons
to
assist
each
account
into
its
next
stage
of
li.ga.on.
1Control
Legal
Process
Defini.ons
9. Propose
payment
arrangements
that
comply
with
organiza.on
policy.
Leverage
seSlement
calculator
insights
that
support
mul.ple
seSlement
schemes
and
rates.
Alter
payment
arrangements
to
the
specific
needs
of
each
delinquent
account.
2Set-‐Up
and
Monitor
Payment
Arrangements
10. Iden.fy
assets
as
collateral
early
on
or
select
them
during
a
form
asset
inves.ga.on
process
in
the
early
li.ga.on
stages.
Provide
asset
details,
offers
and
evalua.ons
that
help
your
collectors
sell
or
exchange
assets.
3Keep
Track
of
Assets
/
Collateral
11. Create
professional
looking
legal
documents
for
mass
or
ad-‐hoc
produc.on.
ASach
documents
to
any
customer
account.
Keep
documents
closely
.ed
to
account
insights
for
instant
access
at
any
.me.
4Generate
and
ASach
Documents
12. Organize
expenses
such
as
third-‐party
legal
team
fees
or
taxes.
Track
different
expense
types
(asset
evalua.on,
court
appeal,
travel,
etc.),
captured
through
a
variety
of
means
(manual
or
imported).
Push
invoices
to
a
bank’s
accoun.ng
system
for
further
processing
in
defined
approval
processes.
5Register
and
Manage
Expenses
and
Fees
13. It’s
all
possible
with
specialized
collec4ons
and
recovery
soIware
built
for
the
li.ga.on
stage:
Control
Legal
Process
Defini4ons
Set
Up
and
Monitor
Payment
Arrangements
Keep
Track
of
Assets
/
Collateral
Generate
and
AUach
Documents
Register
and
Manage
Expenses
and
Fees
14. Would
you
like
to
op4mize
every
aspect
of
your
collec4ons
opera4ons?
The
Collec4ons
and
Recovery
Best
Prac4ces
Manual
has
.ps
and
strategies
to
help
your
bank
generate
more
revenue
from
each
phase
of
C&R
opera.ons—from
experts
with
25
years
of
industry
experience.