Solutions for Accounts Receivable Management
The Complete Solution
The Artiva Debt Buyer system is designed specifically to meet the challenging needs of the debt buyer marketplace, providing a complete solution for the entire receivables management continuum. The system’s collections and recovery functions offer management greater flexibility and control - properly manage accounts, identifying trends before they become problems and ensuring accounts are worked to your standards. This will enable you to optimize internal collections and outsourced vendors resulting in increased recoveries.
The Artiva Debt Buyer system provides powerful collection and recovery tools that will improve efficiency, allowing you to spend more time focusing on additional portfolio acquisition opportunities. Information flows through the system based on your business rules and is displayed in a customizable graphical user interface, which minimizes account representatives’ training time. The flexibility of the Artiva Debt Buyer system allows you to prioritize and queue accounts according to your business needs. System management tools generate reports and search for information to help you make important business decisions with confidence.
The Collection module
Increase Cash – score and prioritize accounts ensuring the most collectible accounts are assigned automatically to your representatives.
Establish Collect Work Standards - allows companies to establish business rules to ensure accounts are worked in the appropriate manner. Workflow strategies can be created to align with your collection goals.
Leverage External Services - The link feature connects system users with independent service providers to seamlessly offer letter printing and mailing; credit reporting; skiptracing; address correction; bankruptcy and deceased verification; and electronic directory assistance.
Recover Money Faster - enables debt buyers to easily manage account placement with third-party collection agencies or legal firms
Manage Vendors: Reconciliation - In addition to automating the placement and recall process, the Artiva Debt Buyer system provides companies greater control in evaluating the effectiveness of agencies or law firms.
Manage Vendors: Easy Access to information - The Artiva Debt Buyer system has an integrated report writer, which allows you to build reports exactly as they will appear on your workstation or print from a printer.
Establish Business Rules for More Control - Business rules may be implemented to ensure accounts receive the proper collection and placement strategy, which can be determined by asset sales, vendor management, internal collections or exception handling.