Collection Agency Data Exchange

  • e-placement of accounts for collections by agencies
  • Deployment of 3rd-party placement strategies to meet customized rules
  • Electronic exchange of information including invoices and supporting documents
  • Secure two-way data transfer

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Collection Agency Data Exchange Solutions

Enhance Cash Flow and Reduce DSO with seamless integration with collections agencies through Collection Agency Data Exchange (CADE)

CADE provides a way for accounts receivable teams to streamline data sharing with collection agencies. The solution facilitates movement of accounts and invoice data to third-party collections agencies, allowing companies that are using the HighRadius Collection Cloud solution to place accounts for collection electronically.

SOLUTION OVERVIEW

  • Collection Agency Strategies - create custom rules that identify candidates for collection agency placement
  • Easily identify accounts that meet your criteria for collection agency placement
  • Configure and use rules that are run each workday across your entire portfolio to efficiently manage the process, or place on an ad-hoc basis.
  • Auto-selection of accounts that are approved for collection agency placement
  • Accounts selected for placement are electronically transferred to the agency at the end of each workday
  • All necessary backup documentation to commence collection efforts is included
  • Feedback loop from the collection agencies for sending payment status

Key Features

Collection Agency Strategies

Deployment of 3rd-party placement strategies that identify accounts that meet customized rules and automate data placement

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Electronic Data Transfer

Electronic exchange of information including invoices and supporting documents at the end of each workday

Audit logs for e-Placement

Centralize tracking of all data placement notes, correspondence notes and payment status for every placed customer in a single system without having to use spreadsheets, notepads, or post-its.

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Secure Two-Way Data Exchange

2-way data transfer between Collections Cloud and Collection Agencies through CADE

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Resources

Templates

21 Credit & Collection Email Templates
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Calculator

DSO Savings Calculator
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Datasheet

Datasheet: Collections Cloud
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