Debt Collection Software

Get the best debt collection software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

Popular Products

SYNDi Loan Manager manages loans with single or multiple investors. It is used primarily by Lenders, Lawyers, Mortgage Brokers and Syndicators. In a typical scenario, the user sets up investors, advances the loan amount to…
Starting Price
$5,000/user (one time)
Platforms
Windows
Deployment
Locally Installed
Sage Payment Solutions enables you to conveniently process credit card payments right in your Billing Boss! This Sage merchant account services program offers affordable credit card services specifically tailored for…
Automates invoice/statement delivery and customer payment via email, fax or US Mail. Send invoices electronically to your customers and let your customers determine how they would like to receive them. Outsource your…
Platforms
Web
Deployment
Hosted (cloud-based)
Bill.com is specifically designed to automate the most tedious operations of any small business: Payables and Receivables. The web-based nature of Bill.com will enable you to work on your financials from anywhere in the…
Platforms
Web
Deployment
Hosted (cloud-based)
Binary Stream’s billing and revenue recognition suite is an end-to-end solution designed to handle any complex billing scenario you can throw at it while ensuring that the accounting of any revenue and expense deferrals is…
Platforms
Windows
The more efficient your collections system, the greater your profit margin. Collections Management for Microsoft Dynamics GP has the processing power to improve cash flow, diminish collection time and reduce bad debt…
This module allows complete point of sale customer payments, quickly and accurately as well as access to customer inquiry screens from within the Cash Receipts window. It also integrates into MBS Great Plains General Ledger…
Anytime Collect is a cloud-based accounts receivable collections management system integrated to popular accounting systems from leading publishers such as Intuit, Sage Software, Epicor, and more. Anytime Collect enables…
Price Range
$ $ $ · ·
Starting Price
$60/month/user
Platforms
Web
Deployment
Hosted (cloud-based)
Collect for GP gives you a complete set of tools needed to automate data collection in your warehouse. This information can then be used in for reporting purposes. HighJump Collect for GP is just another member in a family of…
Platforms
Windows
The Loans Management program was designed specifically for Microsoft Dynamics GP users who need a solution to manage multiple AR transactions related to leasing or loan activities . Binary Stream’s Loans Management is fully…
Platforms
Windows
SYNDi manages mortgages and other loans in cases where an investor or a group of investors lends money for a loan. It is used primarily by Mortgage Brokers and Syndicators. In a typical scenario, the company sets up the…
Platforms
Windows
WorkflowAR is a cost effective software solution designed by receivable professionals for receivable professionals to achieve your Credit and Accounts Receivable objectives. With a comprehensive suite of Analytical and…
Platforms
Web, Windows
Deployment
Hosted (cloud-based)
Finally&an EASY online solution for the small Oil & Gas company to track Production, Revenue Distribution and Joint Interest Billing. Wildcat Data Services offers a hosted online database that keeps track of your production…
Platforms
Web
Deployment
Hosted (cloud-based)
Similar to the way the sales department uses Customer Relationship Management (CRM) software to track follow-up and correspondence with prospects, TermSync’s AR Boost gives accounts receivable departments an easy, yet…
WebAR is an SAAS/SOA/ASP Internet based multi-function accounts receivable management platform and collection system designed for multiple industries: collection agencies, healthcare providers, retailers, government agencies…
Invoice2go is the ready-to-go software for creating invoices, purchase orders, quotes and all types of business documents. If you have ever used a complex accounting program you will know how time consuming and frustrating…
Starting Price
$19/year
Platforms
Windows
Deployment
Hosted (cloud-based)
The simple and fast web-based software was especially designed with small business owners and freelancers in mind. Key advantages of using Invoiceberry to send invoices are: Send invoices within minutes after a quick-and-easy…
Platforms
Web
Deployment
Hosted (cloud-based)
This software allows you to process refunds between Accounts Payable and Accounts Receivable in Microsoft Dynamics SL. The manual user intervention of having to key refunds for vendors or customers reduces your overall…
Platforms
Windows
PMS is an Accounts Receivable software package designed specifically for the propane industry. Our software gives you control of your business, is user friendly, and requires only a minimum amount of training. Customer and…
Platforms
Windows
Shadow CMS Enterprise is designed to manage the finances of one of the most taxing expenditures of any business, Communication. This communication management software will manage telephone charges, equipment fees, VoIP…
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Debt Collection Software Buyer’s Guide

Your company wouldn’t be in business if the leaders didn’t have the drive to make money. When your customers aren’t paying for the goods or services they received, you need to collect. While most accounts receivable solutions have some basic followup and reporting functions for past due accounts, you may need a more robust collections software solution. Read on to find out more about the collection software options that are available to you.

Collections Beyond Accounts Receivable

Whether your company handles collections internally or you are a business that provides collection services to other companies, finding the right software to manage past due accounts is critical. Chances are, if you are reading this article, you have more than a couple of past due clients. Below is a list of collections software features that can help you collect a higher percentage of your outstanding receivables, more quickly:

  • Customer profiles and invoice records. Have customers with multiple invoices or accounts? Under their profile, you can track all account/invoice numbers, date of initial transaction, total amount owed (prior to any payments), payments owed and amounts outstanding. Prioritize these invoices as well.

  • Contact planning and tracking. Debt collection software not only tracks customer information and payment information, it also allows you to track contact attempts and notes on each contact or contact attempt. Detailed contact records can help you identify what method of communication or approach is most effective with a given client or with your client base overall. A standardized approach to follow up can help assure you are optimizing the success of your collections efforts.

  • Payment processing. Once you have came to terms with the delinquent customer, the ability to easily enter the payment information and process the payment immediately is crucial.

Additional Functionality

  • Skiptracing
  • Credit Bureau Reporting
  • Scripting for calls
  • Record and track legal proceedings
  • Scheduling - assign tasks or clients to your staff
  • Maintain historical information by customer and by account debt
  • Process credit card and ACH payments
  • Document management
  • Customer portal-allowing customers to make payments and view account information
  • Letter generation
  • HIPAA compliance
  • Integration with phone systems and auto-dialers

Software Setup and Accessibility

There are a number of options available for installing a new debt collections system.

  1. Stand alone or integrated. If your company deals with a significant volume of customer payments or a higher than normal rate of collections, it may be worth it to invest in ERP software that includes integrated collections software. Alternatively, there are many add-on programs that are designed to extend the functionality of standard AR to provide more robust collection tools.
  2. Purchase versus rent. Do you prefer to purchase the software and own the program or prefer a solution that you are renting with a monthly subscription?
  3. Install locally or hosted. If you prefer to purchase the software, do you prefer to install the software on your own servers or prefer to have the vendor host the program on their servers?

Whether you are buying or renting, installing locally or hosted, we can help you find the right solutions based on your organizations specific needs. If you’d like to find the right collections software for you, our free software search service is a great way to find the top relevant options for your needs. Get started today!