Debt collection could be a big headache for banks and financial services companies. Challenges like:

1. Meeting and exceeding collection targets
2. Lack of visibility of the collection process and ecosystem
3. Very slow speed of debt collection and recovery
4. High cost of managing the entire collection process
5. Low span of control over the collection process

Are some of the concerns of many financial institutions with respect to debt collection.

Debt collection Solution mitigates these challenges by offering end-to-end digital collection management, omni channel integration, mobile, reports and configurable workflow. It helps the financial service organization to reduce risk at a very reduced operational cost.