Shaw Software Product Tips: COLLECTIONS New Workout Calculator Tool

Shaw Software Product Tips: COLLECTIONS New Workout Calculator Tool

Shaw Software Product Tips: COLLECTIONS New Workout Calculator Tool

 

New COLLECTIONS Tool: Workout Calculator

Workout Calculator – The Easy Way to Cure Accounts!

Working with delinquent or charged-off customers requires specialized work out solutions. The Workout Calculator allows your organization to configure rules that define acceptable payment plans for each customer. Collectors can now focus on making calls rather than spending time manually trying to figure out what types of arrangements would be appropriate and allowable.

For example, the system might show three available payment plans:

Payment Plan 1 Payment Plan 2 Payment Plan 3
Down Payment: $500 Down Payment: $1000 Down Payment: $1200
Monthly Payment: $250.00 Monthly Payment: $100.00 Monthly Payment: $0
Number of Payments: 4 Number of Payments: 3 Number of Payments: 0
*Forgiven Debt: $500.00 *Forgiven Debt: $700.00 *Forgiven Debt: $800.00

*Forgiven Debt will be automatically handled by the system once the payment plan has been completed.

This is the third part of a series. Be sure to check back for the next installment.

Interested in our loan servicing software? Shaw invites you to experience the knowledge, service, and expertise that others have known since 1967 at Shaw Systems. Please don’t hesitate to call us if we can be of assistance. You can reach us at 713.782.7730 or solutions@shawsystems.com.