Ecosystem Connectivity: Agency Placement Portal

Many companies with heavy volumes of smaller value accounts receivable (A/R) invoices require assistance with managing them, so these companies turn to collection agencies that can supplement their internal resources. The agencies may work on behalf of or be commissioned by a company after they have exhausted all other resources to collect on money from debtors.

The process of preparing and transferring information on accounts and invoices that are designated for a collection agency is challenging for most organizations, especially when this is done by hand. Furthermore tasks related to keeping track of agency efficiency and effectiveness and reconciling the collections that an agency recovers, as well as resulting compensation, are all extremely manual processes that are fraught with revenue leakage and inaccuracies.

The AvantGard Agency Placement Module can help by improving and automating the collection of revenues that are assigned to collection agencies. The solution manages the placement of accounts and invoices, as well as puts controls into place for the tracking, reporting and reconciliation of all collections data that is placed at an agency. This can positively impact an organization by offering it a means of reducing the operational and management expenses required to monitor and manage a relationship with any given agency.

Features:

  • Automated Data Transfer Process
  • Track Progression of Accounts
  • Monitor Agency Performance
  • Manage Multiple Agencies
  • Perform Analysis of Fees and Performance

Benefits:

  • Improve Collaboration with Agencies
  • Gain Visibility to Performance & Costs
  • Increase Accuracy of Commission Reconciliation
  • Lower Agency Management Expenses
  • Compare the Performance of Multiple Agencies

 

EcoSystem Connectivity:
Improve collections effectiveness by using an integrated approach for agency management including the ability to manage disputes via a remote portal.