Top 3 Debt Collection Software as a Service

CRM systems are handy, but a common complaint many people have is that they just don’t handle debt collection – intuitively. And you know what? They’re right. Debt collection software is necessary as its own entity, no matter how intuitive and well-designed your CRM software is.

Accumulating debt is an unfortunate thing, and while many people would cringe at the thought of better debt collection software being developed, those in the know are aware that improving this software means that being a debtor is going to be less painful. People need software that work with flexible, friendly payment plans; helpful software that doesn’t bring about visions of the old shark-like bill collector. In the past, the technology did not exist to make friendly debt collection feasible. Well, this has changed, thanks to the flexibility and power of SaaS.

There are a number of very powerful debt collection systems that exist across every platform and that are accessible by any net smart device. These systems are fully interoperable with payment gateways, top tier CRM systems and with the individuals that exist on both ends of the debt collection system. So, what are the best SaaS providers out there? That’s not a question with a single, concrete answer; the answer varies depending on your business and needs.

#1 – CollectPlus

CollectPlus is the one-size-fits-all collection system for any business out there. With built in invoice handling, debtor account listings and full configuration for multiple contact assignments, this is a versatile and powerful system.

CollectPlus features a default client plan for each unique case. It is a versatile system built with diverse plans to meet all needs, in all financial situations. CollectPlus perfectly exemplifies how much easier life could be for debtors, once a better debt collection system is put in place. If large businesses find this system under-developed and too ‘feature thin’ for their needs, they are wrong. I’ve seen large businesses use CollectPlus, so I am confident in calling CollectPlus the “for everyone” system in the field.

#2 – WinCollect

WinCollect is designed for those concerned with receivables. The system ensures that long term payment plans for large purchases or subscription services, and other such hard-to-manage debts, can be easily implemented with no muss or fuss.

WinCollect is a fairly bare-bones kit; featuring reminders, collectors’ statistics, micro management reports and loader automation. It comes with all the standard features…However, despite being bare bones, WinCollect is designed specifically for the receivables department, so I am confident in recommending it to anyone who needs such a solution.

Large and small companies alike have found WinCollect to be a remarkably intuitive solution to their debt collection needs.

#3 – ezCash

ezCash is the debt collection solution for small to medium sized businesses (of any general industry). Although ezCash only features the basics, it is remarkable for its customizable information display and crosslinks, as well as its intelligent-problem-account-identifier and personnel engagement system.

Business staff will find this system very easy to set up and requiring very low maintenance – which is exactly what businesses look for with this kind of service. ezCash handles debt collection with grace.

Debt collection software has come a long way since the days of glorified databases queuing collection agents to harass debtors over the phone. In reality, people on both sides of the coin will be happier with the implementation Saas as a debt collection system.

Omri is the Head of Demand Generation, as well as the Lead Author & Editor of the SaaSAddict Blog. Omri established the SaaSAddict blog to create a source for news and discussion about some of the issues, challenges, news, and ideas relating to SaaS and cloud migration.