HOW iCOLLECT WORKS
iCollect debt collection software is an easy to set up cloud (internet) based application where you manage your debt collection.
iCollect leverages the power of a 3rd party debt collection brand.
Its simple to set up and to start collecting your debts:
- Set up your secure iCollect account
- Load your bad debtors details into the platform
- Initiate and manage the schedule of collection email letter - these are 3rd party collection agency branded, but managed by you
- Update debtor payment details
- Register defaults against any uncollected debtors
How Much Does iCollect Cost? Get Started with our Debt Recovery Software Today!
How the iCollect debt collection online application works:
Sends a branded email from iCollect Ltd asking your debtor to send your money directly to you. There is the option of posting a printed letter.
You can expect a response of over 60% from this letter (The power of “Third Party” impact).
7 days later iCollect will:
iCollect will prompt you to send a Default Notice email, warning your debtor that their credit rating will be damaged for 5 years if they do not pay within 72 hours.
Over 80% of debtors respond at this stage.
Day 14 iCollect will:
iCollect will give you the option to register a Default with Baycorp (Veda Advantage). This will damage the debtors credit rating for five years.
Next iCollect will:
iCollect will prompt you to send a final letter to your debtor threatening legal proceedings.
Over 90% of debtors will have responded at this stage.
With any unpaid debts you now have a final option to hand over the debt to Auckland debt collector iCollect Ltd for collection.
The Thank You letter
When a debtor pays, you have the option to send a “Thank you” letter.
iCollect debt recovery software will sent reminder notices on behalf of your business
This will handle the slow payers.
We’re convinced that iCollect is the best debt collection software available in New Zealand and a far more effective and less expensive alternative to paying for a debt collector.