Collections and Recovery Software
Collection software to search, contact, and collect.
Collections can be a difficult field to work in — collection agencies often need to create a lot of information based on very little information. When you’re dealing with a variety of people from various backgrounds, many of whom may have reason to try to avoid you, it can be hard to quickly gather the data you need to perform debt management and collections effectively. A debt collection software like Tracers can help streamline and improve your collections cycle at every step — from initial debt recovery assessment to final collection.
Debt collection software to link people together
When it comes to skip tracing, linking people together is a key way to locate hard-to-find individuals. When you have access to relatives and associates, you can glean important insight into who your debtor is and their whereabouts. Skip tracing tools for collections can provide you with information about relatives, associates, and neighbor addresses, which can be used to build a web of connections and get in contact with these people. Relatives and associates may be able to provide you with a variety of information about an individual, including:
- Someone’s current place of employment.
- Whether someone is living with relatives.
- Current whereabouts.
- Additional information about the individual.
Use data collection software with various collection methods
Tracers offers many different methods of collection. Whether you’re a small business or a larger corporation, you can customize your searching to fit the needs of your agency’s unique collection process.
Tracers offers the option for you to order searches directly online. You can utilize the Tracers website to search for specific individuals from any device, making it easy to access the information you need right when you need it.
If you’re needing to perform high-volume searches at once, you can use Tracers batch processing options to access a variety of different records with one search. You can batch process phone appends for easier contact and batch skip tracing, scrub accounts for deceased records, or correctly identify bankruptcy records for more effective debt assessment.
You can also integrate Tracers API into your own software if you want to use your own platform to search Tracers data. Whether it’s for high-volume processing or to avoid wasting time switching back and forth between two different platforms, API custom integration can help you perform data collection easily and more efficiently.
Get a debt collection software with high-quality security options
Security is an incredibly important part of maintaining a collections agency. If you need to bring in law enforcement or a third-party licensed investigator, for example, you need to make sure you’re only giving out sensitive information to the right people.
Tracers tools for collection agencies allow you to handle those security concerns more easily. Not only can you perform identity verification through Tracers, but you can also control access for individual collectors in your agency — ensuring that information is only being sent to the people who are supposed to see it.
Want information stretching back decades? Use collective intelligence software for multiple industries
Collection agencies often work with a variety of different industries to provide them with assistance for their collection systems, including third-party agencies that work by themselves, financial institutions, or an arm of a preexisting company, and your industry may be using third-party collections or performing first-party collections. Here are a few of the industries that can benefit from the data provided with Tracers:
- Financial services.
- Legal professionals.
- Government agencies.
- Insurance companies.
- Law enforcement.
- Licensed investigators.
No matter what industry you’re in or what your client base is, you can utilize key features in Tracers to access data from multiple different businesses and perform background investigations on individuals.
Collection software to shorten your collections lifecycle
In collections, time spent on cases is directly related to revenue. If you’re able to minimize the amount of time you spend on a specific case, you’ll be able to take on more cases, thereby earning more money for your debt collection agency.
To shorten your collections lifecycle, you can access information pulled from multiple credit header bureaus and unbanked and alternative data sources, like utility listings data, to quickly gather information about 99% of adults in the US. Accessing comprehensive data can help you fill in missing holes and skip trace and achieve right-party contact in less time. And, with automatic opportunities like batch processing, you can gather large amounts of information with one single search. When you can access expansive and reliable data for quick and easy research, you’ll be able to shorten your collections cycle and take on even more cases.
What type of information can Tracers software collections offer your agency?
There are many records Tracers can offer your collections agency in order to maximize effectiveness of collections and recovery. Here are a few of the types of data you can find through Tracers:
- Current and past names.
- Employment records.
- Phone numbers.
- Current and past address records.
- Asset search.
- Deceased records
- Bankruptcy records.
- Tax liens and judgments.
Tracers provides you with the tools and key features you need to manage your agency’s collections attempts more easily. Whether you’re a third-party business or you’re working on collections for an existing company, Tracers data can help you handle receivable management, scrub uncollectible records, skip trace debtors, increase right-party contact, and even perform repossession. When you use Tracers to maximize response and minimize effort, you can collect on debt in less time and make more money from your collections attempts. With billions of records available from a variety of different sources, Tracers data is the best solution of collections and recovery.
Tracers is a proud member of associations across the country
What is collections software?
Collections can be a difficult field to work in because you need to create a lot of information based on very little information. When you’re dealing with a variety of people from various backgrounds, many of whom may have reason to try to avoid you, it can become very difficult to go through with collections. A collection software can help you manage your collections agency more easily with high-quality information and opportunities.
Who can benefit from using collections software?
Collections agencies often work with a variety of different industries. Many industries require the help of collections agencies, whether they’re third-party agencies that work by themselves or just an arm of the preexisting company. Whether you’re a third-party business or you’re working on collections for an existing company in financial services, insurance, government, and more, collections software can help you carry out the process.
What does collections software reveal?
Collections software reveals information that can help you skip trace an individual and ensure right-party contact. For example, it can reveal information to help you link people together, find someone’s current place of employment, and uncover deceased records, bankruptcy records, assets, tax liens and judgments, and more. It can also provide information to help you perform identity verification and ensure you’re giving sensitive information out to the right people.
What do I need to get started with using collections software?
To make collections more effective and manage your agency’s collections attempts more easily, try using a collections software like Tracers. Many companies utilize Tracers data to maximize response and minimize effort, so you can make more money from your collections attempts. With billions of records available from a variety of different sources, Tracers data is a great option for your company.
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