When the activity of a business is related to collecting amounts of outstanding debt, the main efforts in streamlining the processes can be focused on:
- generating emails and documents to the debtors
- reconciling the bank accounts and Matching the received amount versus the debt
- making checks and deriving relevant data for court cases for the regional courts’ websites
Speeding up the process for the Debt collection agencies is now easy with RPA. With the robots, we can create letters and notifications to the debtors and automatically send them via email.
Once received the amounts will be quickly allocated to the respective debtor record to close the case or decrease the outstanding debt. The exhaustive hours of finding court case information are now being replaced by the automated search and matching of data to simplify the process.
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Banking, Financial Services and Insurance (BFSI)
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