80% process and workflow automation
When the Creditexchange group started to run into the limitations of its software solutions after more than 10 years, it started developing a package in which all lessons from the first 10 years are incorporated. The name of this package has become CoRe42, Collections & Recovery where the 42 is a nod to 'the answer to the ultimate question'.
CoRe42 manages and monitors the various open positions, calculates and recalculates the interest and records costs when necessary. It has a reconciliation module that automatically reconciles and posts more than 95% of bank receipts. Employees can see the status of a position at a glance and have the opportunity to intervene easily and intuitively by, for example, creating payment plans or sending documents to answer questions.
In the background, CoRe42 uses state-of-the-art decision logic running in SAS so that we always take the right action at the right time, taking into account the unique characteristics of the debtor.
The proof is in the pudding; after the commissioning of CoRe42, the Creditexchange group needs 35% less time for its credit management, which means that there is more time to tackle other matters.
Notilyze is the proud service provider that has been maintaining, further developing and hosting the CoRe42 for the Creditexchange group since the beginning of 2021. We are also the only party that is allowed to offer this product to other parties.
Take your credit management to the next level with CoRe42, contact us so we can show you how CoRe42 can provide you with savings and optimizations.
80% process and workflow automation
70% reduction in write-offs
50% reduction in workforce
25% reduction in communication
10% faster debt collection