ICS BANKS Auto Collection System is a robust collections software solution that is introduced to reduce and mitigate risk of managing past due or delinquent accounts. This automated system monitors the customer’s accounts which have unpaid arrears in order to track any amount that becomes available, and blocks it against these arrears, before being drawn or used by the customer.
ICS BANKS Auto Collection System drives efficiency by providing the financial institution with the ability to automate collections, recovery and tracking of past due accounts. It streamlines the tracking and monitoring of different types of arrears, using the criteria that was set by the financial institution, according to its needs. The system provides also the financial institution with the facility of choosing from many different criteria, such as arrear type, amount, date and priority.
Fully and real-time integrated with ICS BANKS family of products, mainly with ICS BANKS Lending, Credit Cards settlement, discounted bills and charges. The system is easy-to-use that empowers the financial institution to efficiently have control of collecting on arrear accounts.