Financial computation - KollectWrite-off

Kollect**Write-off*

Financial Computation & Write-off Management

Write-off and Write-back management supported

All retrospective past multi-year calculations are done in KollectApps, not in Excel

Advance aging calculations engine for Write-off and write-back type of Accounts

Payment Knock-off Rule of Apportionment toolkit for Principal, Miscellaneous Charges, Accrued Interests, Addition Penalty Interest.

Ledger Processor to continue to compute interests and financing charges after Core Banking stops all.

Generate an active Statement of Account for write-off, full settlement.

Write-off management with Ledger Processor to facilitate retrospective and future interest, profit & financial computation
Payment Knock-off Rule of Apportionment toolkit for Principal, Miscellaneous Charges, Accrued Interests, Addition Penalty Interest and Advance Payment Details
All retrospective past multi-year calculations are done in KollectApps, not in Excel
Generate an active Statement of Account for write-off, full settlement or other types of Recovery Accounts