CWX

CollectionWorks™ is a software solution offered by Collectionworks Software™ that is specifically designed to manage the accounts receivables cycle, including collections. This tool is aimed at businesses of all sizes and caters to various professions and industries such as medical, utility, telecom, municipal, and education. According to the vendor, CollectionWorks™ helps organizations streamline their collection programs and potentially achieve increased revenue.

Key Features

Customized Pre-Collection Software: CollectionWorks™ is an in-house software solution that can be tailored to pre-collect past due accounts before involving a collection agency. According to the vendor, this customization allows for a more personalized approach to debt recovery.

Tailored Collection Program Development: CollectionWorks™ assists organizations in defining and developing a customized collection program that aligns with their specific needs and goals. The vendor suggests that this tailored approach can potentially maximize revenue generation.

Implementation Support: The CollectionWorks™ team provides comprehensive support during the implementation phase. They offer training to employees on the customized collection program and guide them in performing assigned collection tasks, according to the vendor.

Onsite Training: Administrators and staff members receive onsite training based on their availability and timeframes. This ensures that the collection program is effectively implemented and understood by all relevant personnel, as stated by the vendor.

Scheduled Reviews and Recommendations: CollectionWorks™ helps maintain the collection program by scheduling regular reviews and recommending collection tasks at set intervals. The vendor claims that this proactive approach ensures consistent monitoring and timely addressing of accounts receivables.

Ongoing Assistance and Support: The CollectionWorks™ team consists of experts and support staff who provide continuous assistance and promptly address any queries or issues that may arise during the collection process, according to the vendor.

Regular Program Assessment: CollectionWorks™ specialists regularly review the results of the organization's collection program. They offer valuable insights and assistance in creating or modifying policies and procedures to enhance the effectiveness of the collection program, as suggested by the vendor.

Monitoring and Guided Collection Activities: CollectionWorks™ is available to monitor the collection program and guide targeted collection activities. The vendor states that this feature ensures the prioritization of the right accounts and the implementation of appropriate actions to maximize recovery.

Streamlined Accounts Receivables Management: With CollectionWorks™, businesses can centralize all collection-related tasks and information in one user-friendly platform, potentially streamlining their accounts receivables management, according to the vendor.