Given the present economic environment, many companies try to optimize their collection strategies in an attempt to lower their operational costs. Working with collection agencies is an option used by organizations to complement the work of internal departments. As a result of these needs, we developed the Collection Agencies Module.

This new feature helps collection departments to easily manage the relationship with collection agencies and other third parties involved in the collection process. Now, you can control the process of sending the file batches flow and reduce the costs through process automation. Also, Collection Agencies Module keeps a historic view of client’s behavior for in-house collection and third parties.

Managing the cases sent to collection agencies or other external providers is possible by using a dedicated tool.

There are 4 different administration steps:

1. preselecting accounts in automatic or manual manner

2. creating case batches

Advantage Software Factory has participated on 30-31^st of May at the seventh edition of “MEFTEC – The Financial Technology Market” fair, in the capital of United Emirates of Arabia, Abu Dhabi.

MEFTEC is one of the biggest events dedicated to financial technology industry for emerging markets. This fair reunites the leaders of financial technologies from all over the world and decision makers from Middle East, Africa and South Asia. At this fair attended  representatives of banks and financial institutions from Algeria, Bahrain, United Emirates of Arabia, Pakistan, Syria, Sri Lanka, Sudan, Turkey, Tunis and Yemen.

ASF participation at MEFTEC is a part of the company’s international extension strategy. Until now, ASF efforts were focused mainly in Europe, but the positive feedback received from participants, as well as exhibitors, makes Middle East a market with great potential for ASF products.

ASF was present at MEFTEC together with 10 other Romanian companies. Romania’s participation in this fair was organized at ATIC’s (Association for Information and Communication Technology) initiative and financed by Romanian Government, through the program of exports promotion, developed by The Ministry of Economy, Commerce and Business Environment.

Interview with Sebastian Cmak - IT Manager, EOS KSI Polska

Kollecto is an enterprise debt collection system, based on Capone Platform, that enables collection agencies to control, manage and automate all debt collection processes of the company.

1. Since August 2009, EOS KSI Polska has started to use Kollecto as solution for all debt collection activities. What where the objectives you were expecting by implementing Kollecto?

The main objectives expected to result from this implementation were:

• Improving performance of the debt collection by automating of the processes using time lines
• Flexible designing of generated letters
• Validation of data and matching debtors
• High level of security
• Cooperation with Call Centre
• Possibility of local customisation: custom interface (custom actions), locally designed reports, locally designed letter variables, locally designed parts of screens (client forms)

On the 22nd of March 2010, Advantage Software Factory, one of the most important local manufacturers of overdue debt collection and CRM applications, launched a new version of NextReports reporting suite (www.next-reports.com). It includes NextReports Designer, an application for easy creation of reports and charts, and NextReports Server, a software application that allows the publication and distribution of reports to users in the entire organization.

NextReports Designer has reached version 3.0. Here are some of its features:

• improved ergonomics for simplified work procedures
• possibility to create charts based on simple interrogations
• chart publication on server; it helps users to publish charts on a NextReports Server instance, by just one click
• charts available in several formats: bar, pie, line, stacked bar, multiple series
• wizard for fast design of charts
• xml export for reports defined with NextReports
• inserting images in reports
• inserting hyperlinks in reports