Befince

Befince is a debtor management solution designed to streamline and automate the debtor management process. According to the vendor, it is specifically tailored for small to medium-sized businesses in the finance and accounting, business services, legal services, consulting, and manufacturing industries. Befince offers a centralized platform for managing debtor information, telephonic debt collection services, debtor management outsourcing, automated payment reminders, and debtor segmentation and analysis.

Key Features

Debtor Management Software: According to the vendor, Befince provides a centralized platform to manage and track debtor information. Users can create and manage debtor profiles, categorize and segment debtors based on various criteria, and have an overview of debtor statuses and outstanding balances through the dashboard.

Telephonic Debt Collection: Befince offers the option to outsource telephonic debt collection activities. Trained professionals make collection calls on behalf of the company, ensuring compliance with debt collection regulations. Regular updates and reports on the progress of debt collection efforts are also provided, according to the vendor.

Debtor Management Outsourcing: Befince offers the option to outsource the entire debtor management process. A dedicated team handles debtor-related tasks and activities, ensuring timely follow-up on outstanding invoices and payment reminders. Communication with debtors, including letters and emails, is managed, and regular reporting on debtor statuses and collection efforts is provided, as claimed by the vendor.

Automated Payment Reminders: Befince sends automated payment reminders to debtors via email or SMS. Users can customize reminder templates and schedules, track and record all communication with debtors regarding payment reminders, and receive real-time notifications and alerts for overdue payments. According to the vendor, this feature can help improve cash flow by reducing payment delays.

Debtor Segmentation and Analysis: Befince enables segmentation of debtors based on various criteria, such as payment history or outstanding balances. It provides insights and analytics on debtor behavior and payment patterns, helping identify high-risk debtors and prioritize collection efforts. The vendor claims that targeted communication and tailored collection strategies can be implemented, and reports and visualizations are available to track debtor performance and trends.