What is Debt Register?

Debt Register is an award-winning cash recovery tool that credit and collections teams can simply plug in and set to work, freeing them to focus on more value-added activities. Clients simply upload an overdue invoice with all of the debtors’ details and the system does the rest. Automated emails inform the debtor that any non-payments will be reported to the credit reference agencies which ultimately impacts their own credit rating.

Debt Register helps your collections team to drive payments from your customer, without it being a burden to them. In fact, our clients tell us that our system increases their team’s capacity by as much as 25% per user, freeing them to add value elsewhere within the business.

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2 important questions when considering adding to your tech stack are ROI and ease of implementation. We had Philip King FCICM ask this questions to three of our largest clients.

We believe that legal action fails the credit professional. It is too slow, too expensive and often ineffective. The numbers, quite literally, seldom stack up.

The concept, however, is a good one. We’re driven to litigate because of the threat of consequence to the debtor. It is the fear of the legal process – and the impact this will have on their credit rating – that motivates the customer to pay. It avoids the cascade effect on business health, future access to credit, and cashflow.

So what if you could achieve this same effect without litigation? What if the consequence of non-payment was there, but without the need and expense of going to court? And what if the whole process could be automated?

Ultimately, this is what DebtRegister does, helping your team to maximise your cash collections.

Solution

Our solution has been developed in conjunction with the leading credit teams from some of the FTSE100 and Fortune 500’s most successful companies. Its sole objective it to drive direct payment directly to your bank account from your slower paying customers. We are a team driven to globally boost businesses by simplifying and solving the problem of slow paying debtors.

A happy collection team collects more cash

The benefits of Debt Register go beyond simply collecting the cash. There are also considerable gains to be made in increasing your team’s capacity. Automation enables them to do more with less. It significantly improves their efficiency, improving team morale and visibility within the business, and freeing their time for more value-added activities higher up the collections cycle to further reduce the challenge of overdue debts.

Empowered and efficient

Our system has built-in intelligence to identify the validity of all data uploaded onto the platform, with intelligent email tracking that enables the system to highlight within 24 hours of upload where your data is the cause of your clients’ accounts not being paid.

Fully scalable, without limitations

Imagine at the click of a mouse a system that will instantly work all the overdue accounts you have, yes all of them. We built Debt Register with some of the largest companies in the world. Debt Register is designed to autonomously chase volume without limitation, driving payments directly to your chosen bank account, irrespective of whether your customer is domestic or International.

Quick & less final

Debt Register is a highly effective solution for driving payment of overdue debt directly to your bank. Accounts chased for months will be paid in days, and sometimes even in minutes. Debt Register is frictionless and received as far less final than legal action, thus maintaining relationships with your customer for future business.

A happy and supported collections team collects more cash!

The benefits of Debt Register go beyond simply collecting the cash. There are also considerable gains to be made in increasing your team’s capacity. Automation enables them to do more with less. It significantly improves their efficiency, improving team morale and visibility within the business, and freeing their time for more value-added  activities higher up the collections cycle to further reduce the challenge of overdue.

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Autonomy for your entire ledger

Debt Register is particularly useful in automating the collections of low balance, high volume accounts, accounts that can often be written off because they are not worth the time or cost in pursuing. The smallest debt we have so far collected is £6.34; the largest $5.4 million!

Zero outsourcing

Escalating accounts through Debt Register is perceived as an escalation to a 3rd party when your team actually retains full control of the escalation process.

Empowered and efficient

Our system has built-in intelligence to identify the validity of all data uploaded onto the platform, with intelligent email tracking that enables the system to highlight within 24 hours of upload where your data is a contributing factor to your clients’ accounts not being paid.

Instant team efficiency

Debt Register enables you to instantly collect more cash and reduce overdue debts without adding
any burden to your existing team.

Maximise Cash Collections

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We are a team driven to globally boost businesses by simplifying and solving the problem of slow  paying debtors.

Contact

To contact us, please email
hi@debtregister.com

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What could be more important than being paid?

We know your time is valuable, so we’ll keep it quick. Let us show you exactly how Debt Register gets you paid in 7 days.