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What is a Promise to Pay?
A Promise to Pay, is obtained from a Customer who makes a promise to make payment for the outstanding amount incurred for services rendered by the organization. The Collector is responsible for contacting the Customer in order to pursue collection of payment after obtaining the Promise to Pay.


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Kollect Application Suite


Top 10 FAQ

- What is the necessity of automating the Credit Collections Management and Revenue Recovery process?

- What is a Promise to Pay?

- What is the price of the solutions?

- We deal with multiple financial products. How can we manage our overall risks in exposure of the various different product lines such as credit cards and loans as a Bank?

- What’s the average time the Collector takes while working on a Customer Account using Kollect Applications Suite?

- What are the challenges of Credit Collections Management and Revenue Recovery?

- What is Kollect Applications Suite?

- What are the key decision drivers of Credit Collections Management and Revenue Recovery?

- What is the prerequisite of establishing a unique Customer ID?

- What kind of reports does Kollect Applications Suite provide that I can leverage on?

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