Question: Is there a debt recovery platform that treats borrowers with a personalized approach and leads to higher recovery rates?

If you're looking for a debt recovery platform that's geared toward a more personalized approach and that delivers higher recovery rates, January is worth a look. The digital platform uses machine learning to optimize debt collection, but it also is designed to be transparent and to engage borrowers with real-time auditing and a client portal. It's geared for lenders and debt buyers of unsecured consumer loans and has a human-centric approach designed to keep borrowers happy, which can improve recovery rates and client satisfaction.

Another top contender is Paymefy, an AI-based debt collection optimization system that automates customizable sequences of notifications across different communication channels. That can dramatically cut the amount of human interaction required and speed up recovery. Paymefy also offers features like one-click payment options, multi-invoice payment options and installment payment plans to help borrowers pay debts more easily and efficiently.

FinFloh also offers a powerful account receivable (AR) automation software that automates the AR process from start to finish. It offers customizable workflows and messaging, dispute resolution, and AI-based credit scoring. FinFloh integrates with ERP/accounting systems and other tools, and data is managed securely, so it's a good option for companies that want to modernize their AR operations and cash flow.

For a more complete AR automation option, check out Quadient AR from YayPay. The system automates manual tasks, speeds up payments and offers real-time AR visibility. With sophisticated analytics and customizable dashboards, it helps B2B finance teams manage their accounts receivable better, cutting manual labor and improving cash flow.