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NetCOLLECT Online Collections SystemNetCOLLECT

Online Collection System

 

“Never take the advice of someone who has not had your kind of trouble” : Sydney J Harris

NetCOLLECT is a unique collection management system that allows you to automatically collect funds in one or more instalments from your customer, and was developed by business, for business.

NetCOLLECT was developed to address a number of daily business challenges that we were experiencing, with the following highlighted as some of the most pertinent issues faced by companies today:

1.   Monthly debt collection

NetCOLLECT will automatically reconcile collections and transfer the funds over to you. If a collection order is returned or rejected for any reason, NetCOLLECT will facilitate a recollection without any further user input.

What you need to do?

  • Load the collection (Once)
  • Print the legally binding collection agreement (generated by the system)
  • Once the agreement is completed and signed, the collection is activated

What will NetCOLLECT do for you?

  • NetCOLLECT will verify the bank details of the customer
  • The collection agreement is automatically generated from the customer records, ensuring that the details of the customer are as created by the service provider

The agreement is legally binding and so provides peace of mind.

  • NetCOLLECT will automatically deduct the funds from the customer’s bank account each month without any further user input
  • If the collection is rejected for whatever reason, NetCOLLECT will automatically recollect the funds from the customer without any further user input
  • All successful collections will be transferred to your bank account automatically
    NetCOLLECT also verifies the collections before transferring them to you. This means that, at the time of transferring the collection to you, a rejection can only occur if the customer instructs the bank to reverse the debit order. This clearly simplifies the administration and reconciliation of your collections
  • No other collection management system reconciles the collections for you. You wuld normally have to manage this process daily thus saving you a lot of time and effort
  • NetCOLLECT automatically emails a collection report to you
  • NetCOLLECT also provides for online reporting. This means that you can log onto the system at any time to check on the detailed history of a customer or a collection

2.   Affordable debt management

Funny how some solution providers say they will help improve your cash flow management, but then charge a fortune for you to use that system. NetCOLLECT is a debt collection management system that is affordable and requires no initial capital investment.

What you can expect

  • NetCOLLECT is billed for on a monthly basis thus making the system affordable to implement.
  • NetCOLLECT is entirely web based. That means that you can access the system from wherever you are, as long as you have access to the internet. This could potentially reduce your administration and human resource costs.
  • NetCOLLECT does not require any additional hardware or software investment.

3.   Debtors’ book uncertainty

Uncertainty around your debtors’ book makes it difficult to manage your cash flow, forecast and expand your business. NetCOLLECT reduces this uncertainty.

What you need to do?

  • Contact your client;
  • Load the collection (once);
  • Print the Legally binding collection agreement (as discussed above) and fax or email it to your client;
  • Once the agreement is signed and returned, you will activate the collection.

Using NetCOLLECT your outstanding debtors will:

  • Reduce your administration and human resource costs with regard to debtors’ collection.
  • Reduce the need for telephone calls and faxes to your customers regarding outstanding balances, thus improving your relationships with your customer.
  • Reduce the uncertainty around debt collection.
  • Create recurring income and regular cash flow.

4.   Desire to increase turnover

More turnover and lower expenses = a more profitable business, affording you the opportunity to grow your business and live the life you envisage.

How can NetCOLLECT increase your turnover and, ultimately, your profits?

  • NetCOLLECT facilitates additional sales on credit. This results in new customers using your services, as well as bigger purchases from existing customers.
  • NetCOLLECT provides alternative payment options, your customers will be enticed to visit your business more often, increasing your revenue from recurring business.
  • NetCOLLECT makes it easier to sell accessory items to your customers. The customer will be more inclined to purchase optional extras and add-on services if the extras can be purchased on credit. Remember you to can only part of the purchase onto NetCOLLECT and allow the customer to settle the balance.
  • NetCOLLECT removes the uncertainty around your debtors’ collection while creating recurring income and cash flow.

Contact Centric NetSOLUTIONS to use our NetCOLLECT system or for more information on our online collection services.