Why You Should Use LogiDebt As Your Debt Management Software

Why You Should Use LogiDebt As Your Debt Management Software

7th July 2016 Blog, Debt Management, IVA

LogiDebt facets and features that can revolutionise your work

Once you make the decision to purchase debt management software, you’ll realise that you have a range of choice when it comes to provider. However, not all debt management software is created equal, and you want to make sure that the package is a good fit for you and your organisation before you make the decision to invest your time and money. To get the most out of your investment,facilitate your processes and maximise your productivity, LogiDebt is the software for you.

While developing LogiDebt, we focussed on producing a user-friendly, fully automated experience that is easy to use, thereby removing the stress from managing debt portfolios. LogiDebt makes maximum use of customised automation which helps you to manage a high volume of IVA and debt cases, handle your client relationships, drive the repayment of each debt and create correspondence templates. Below are just a few of the features that LogiDebt offers that can help to streamline your business processes and boost productivity.

Manage and track client debt, information and finances

In order to save you time and effort, LogiDebt has been designed to centrally store and track client expenditure, income, assets and dependents while cross-referencing them with appropriate lenders.  

To ensure that you can best advise clients in an efficient amount of time, LogiDebt allows you to automatically generate payment plans using Best Advice Model (BAM). Key client information is utilised in order to calculate the best debt management option to pursue (Trust Deed, IVA, Debt Management Plan, etc).

Administrative tasks are highly automated

LogiDebt provides the capacity to automate repetitive administrative tasks so that you can concern yourself with more pressing issues. Among the automated tasks include communication (including initial advice packs), both incoming and outbound and custom text, email and letter template generation to lenders and clients. On top of this, the software can automate bank reconciliation by reading electronic files downloaded from the bank. LogiDebt has a feature that collates received payments before redistributing them to the relevant lenders. Your package can even be customised to conveniently create ‘follow-on’ tasks that are prompted by the completion of other tasks.

A user-friendly, intuitive interface

It is important to us that the use of LogiDebt is both straightforward and pleasant. The software has been designed to be as clear and easy-to-use as possible for Insolvency Practitioners (IPs), debt management companies and agents. This ease of use means that no specialised training is required, resulting in a significant saving in both time and money. Having said this, our team is always on hand should you require assistance.

Our helpful team can customise the product to meet your needs

No two organisations are the same. Each has its unique requirements, so for our software to truly integrate with your organisation and work processes, a high degree of customisation may be required. This personalisation is something our development team can help you achieve by making changes to the underlying functionality of the core software.

There are, of course, capabilities and options that are easy to self-customise, such as document templates and workflows. Due to the highly intuitive nature of LogiDebt, this customisation is achieved by setting options and preferences within the admin interface.

To find out more about how debt management software can help you and your company, get in touch for a free demo of LogiDebt. We at Logican will be happy to help you.