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.
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Kollections

Kollect*Write-off  features

  • 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
Kollect recovery app features
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Kollect Systems provides AI-powered RecoveryTech, CashflowTech, and ComplianceTech solutions that help businesses streamline collections, receivables, e-Invoicing, payments, and data governance through intelligent automation.
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