Collections is difficult because collection agencies often need to create a considerable amount of information based on very little data. When dealing with different kinds of people, performing effective debt management and collections becomes increasingly difficult. You need access to comprehensive data on these people, many of whom may try to avoid you. A debt collection software like Tracers can streamline collections at every step — from initial debt recovery assessment to final collection.

Use debt collection software with various collection & recovery methods

Tracers debt collectors software offers many different methods of collection. Whether you’re a small business or large corporation, you can customize your searching to fit your unique collection process. Healthcare debt collection software focuses solely on medical accounts. Collections & recovery become easier and takes less time, allowing you to focus on your business and paying clientele.

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. This makes it easy to access the information you need right when you need it.

If you need to perform high-volume searches at once, you can use Tracers batch processing options. You can batch process phone appends for contact and batch skip tracing, and scrub accounts for deceased records and bankruptcy records.

Integrating API

Application Programming Interface, or API, is a program that enables two or more systems to communicate and exchange information without the need to access another system.

Switching between your own system and a third-party software like Tracers can take time. But an API makes the process faster and easier to use while delivering up-to-date information. Using Tracers API to integrate Tracers data into your own platform and lets you avoid switching between two or more different forms of software. This is especially helpful for debt collection services for small business.

Adding Tracers API doesn’t require changes to your system, and it’s user-friendly. Adding API enhances your debt collection software for max recovery debt collection.  Not only will you get comprehensive and timely information, you’ll get it quickly through your own interface.

Get a debt collection software with high-quality security options

Security is an incredibly important part of maintaining a collections agency. If you bring in law enforcement or a third-party licensed investigator, you need to be sure you’re providing sensitive information to the right people.

Tracers tools for collection agencies allow you to handle those security concerns more easily. Agencies and companies that do debt collection services for small business also need to be flexible, so robust collections systems and tools are helpful. You can perform identity verification through Tracers and control access for individual collectors in your agency. These tools help ensure that information is only being sent to the people who need access, and no one else.

Want information stretching back decades? Use collective intelligence software for multiple industries

Collection agencies often work with a variety of different industries to provide assistance with their collection systems. These industries can include third-party agencies that work by themselves, financial institutions, collection law firms, or an arm of a preexisting company. 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 by Tracers: 

• Financial services.
• Legal professionals.
• Government agencies.
• Insurance companies.
• Law enforcement.
• Licensed investigators.

No matter what industry you’re in, you can use Tracers to access comprehensive data for collections.

Collection software to shorten your collections lifecycle

In collections, time spent on cases is directly related to revenue. If you minimize the amount of time you spend on a specific case, you can take on more cases overall. This in turn helps you earn more money for your debt collection agency.

You can access information from multiple credit header bureaus and unbanked and alternative data sources. These data sources allow you to quickly gather information about 98% of adults in the US. Accessing comprehensive data can help you fill in missing holes and skip trace to achieve right-party contact in less time.

With automatic opportunities like batch processing, you can gather large amounts of information with one single search. Accessing expansive and reliable data helps you 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 to maximize the 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 cloud-based software for collections provide you with the tools you need to manage your agency’s collections attempts more easily. Whether you’re a third party or an arm of a company, Tracers provides the best solutions for collections management. These tools can help with receivable management, scrubbing uncollectible records, skip tracing debtors, increasing right-party contact, and repossession.

When you use Tracers to maximize response and minimize effort, you can collect on more debt in less time. This allows you to make more money from your collections attempts. With billions of records available from multiple sources, Tracers data is the best solution for collections and recovery.

More Information

What is collections software?

Collections can be difficult because you need to create a lot of information based on very little data. When you’re dealing with people from various backgrounds, collections become more difficult. Collections software can help you manage your collections agency more easily with high-quality information.

Who can benefit from using collections software?

Collections agencies often work with a wide range of industries. Many industries use collection agencies, including third-party agencies and arms of preexisting companies. Whether you’re a third-party business or doing collections for financial services, insurance, or government, you can benefit from collections software.

What does collections software reveal?

Debt collections software reveals information for skip tracing and right-party contact. It can also provide workplace records, deceased records, bankruptcy records, assets, tax liens and judgments, and more. You can even use it to perform identity verification.

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 pulled from a variety of different sources, Tracers data is a great option for your company.