Lariat

Lariat is a web-based debt collection software designed to simplify the management of debt collection accounts for collection agencies and corporations. According to the vendor, this solution caters to businesses of all sizes, including commercial, healthcare, debt purchasers, retail companies, and collection departments in corporations. Lariat is widely adopted by professionals in collection agencies, healthcare providers, debt purchasers, retail companies, and corporate collection departments.

Key Features

Client to Debt Relationship: According to the vendor, Lariat allows users to efficiently handle multiple debts owned by multiple clients for a single debtor, streamlining the management of debts and clients.

Custom Letters: Users can create personalized letters tailored to specific business needs, facilitating effective communication with debtors to enhance collection efforts.

Notifications: The vendor states that Lariat provides real-time event notifications and reminders, ensuring timely follow-ups and keeping users updated on important events.

Global Configuration: According to the vendor, Lariat offers the ability to customize the software to align with specific business requirements by setting global configuration parameters for themes, security, letters, reports, and other defaults for agents.

Keep Information Up to Date: Lariat allows users to perform mass updates of selected fields using the Query & Update feature, streamlining the process of updating information in bulk and potentially saving time and effort.

Powerful Searching: According to the vendor, Lariat provides a range of search options, including the ability to search for debtors from anywhere in the system, facilitating quick and efficient retrieval of debtor information for effective collections management.

Client Portal: Lariat enables clients to monitor the collection activity of their debtors, allowing them to enter new accounts, run reports, view and add notes, and search for debtors.

Sales CRM: The vendor claims that Lariat offers a tightly integrated CRM tool, including a leads management system, real-time information for events, leads, opportunities, ability to convert leads to clients, track sales agent commissions, and import leads.

Paid Import Request: According to the vendor, Lariat provides a paid import service for a flat fee of $150 per file, where their team completes the import request within 48 hours of receipt, facilitating the import of CSV spreadsheet data.