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WHAT ARE THE BENEFITS OF VERINET? VeriNet – the best Debt Collecting and Debt
Management software in the world! Debt Collecting can be broken down into 6 main
components. VeriNet addresses all of these 6 components effectively and
precisely: Client Contract: VeriNet captures all client details as well as all
contract specifications. VeriNet can accommodate any conceivable client contract
scenario. Once the contract is captured correctly the software will
automatically manage payments, commissions payable, interest calculations and
debt collectors expenses and fees. Actual handover: VeriNet allows you to do the
capturing of accounts manually, BUT VeriNet specializes in importing electronic
handover files - no human errors! An excellent feature of VeriNet is the fact
that it can handle massive volumes of data. The bigger the handover the better!
Debt Collecting: VeriNet uses the “Daybook Collection” method to instil the
ownership principal of a range of debt in the debt collector. This means the
collector has a predetermined range of matters to collect and follow up on each
day from which their measurable income must be generated. It is further
complimented by the ability to queue high priority accounts. The program allows
for Memo’s (notes) by the collectors to record all actions on individual debtor
accounts. Business rules regulates actions by the collector to restrict
activities and expenses and fees to the parameters set out in the different
acts. There are too many features to mention – but – VeriNet covers at least
99.99% of all debt collectors efforts. Payments from Debtors: Payments can be
imported electronically from all major Banks thus no need to add payments to the
system by hand. VeriNet allocates payments received directly to the Debtor
accounts. No amount of volumes of payments received are too large or too small
for VeriNet. Payments received are managed via your Trust bank account/s. The
software will automatically breakdown each payment into its various elements and
ensure that only the clients portion is paid over to the client. A main feature
of VeriNet is the ease with which the trust accounts are maintained, thus
allowing you to transfer your income into your business account on a regular
basis (daily, weekly or monthly). Payments to Clients: Verinet has been designed
to ease the process of paying over to clients. The software does the whole
reconciliation and calculates the amount owing to the client. It takes into
account Agency payments received AS WELL AS payments made at the Client. VeriNet
prohibits the duplicate payment of a client – ensuring that you will NEVER
overpay a Client. Management Reports: VeriNet produces several financial and
management reports showing management how their company is performing on various
aspects of the debt collecting process. Daily turnover and income figures are
available at a click of a button. Click to view some of the reports generated by
VeriNet: Client Activation Report Collectors Commission Report The effect of the
VeriNet software lies in the demonstration. Once you have seen and experienced
the software you will understand the effectiveness of the software.Companies
that has bought into the VeriNet system has gone from strength to strength.
VeriNet Software – your ultimate debt collection software!
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VeriCred Collections
verishare
Verishare
Verinet
INTRODUCTION AND BACKGROUND VeriShare Software (Pty) Ltd was established to
launch VeriNet Software as a companion software product into a selective market
requiring additional management of a debtor's book based on the successful
management provided to VeriCred Collections since 1990. VeriNet allows the
client options with regards to managing their own call centre, outsourcing the
call centre function and also outsourcing the debt collection function to debt
collection agents. VeriCred Collections was established in 1990 as a debt
collection agency. During the next nineteen years VeriCred Collections has
become the leader in effective electronic debt collection. As a result of
technological advancement over the last couple of years VeriCred Collections has
been able to effectively collect debts on behalf of their clients through their
nationwide branches situated in Bellville, Bloemfontein, Cape Town,
Johannesburg, Kimberley, Nelspruit, Polokwane, Pretoria, Potchefstroom,
Rustenburg and Witbank. VeriCred Collections 's head office is centrally
situated in Potchefstroom making it an effortless procedure to service our
client's throughout South Africa. Corporations and institutions that have
benefited from the professional and high quality service provided by VeriCred
Collections over the years and still today, include: The Foschini Group, the
Ampath Group, Medicross, the Department of Health Western Cape and Mpumalanga,
various municipalities, educational institutions and other businesses throughout
South Africa. Recently VeriCred Collections identified a need in the market
place for a truly South African collection software solution, compliant with
South Africa's legislation and credit environment, to cater for all the client's
needs. As aforementioned, an associated company, VeriShare, was established.
VeriShare embarked on creating and developing a system to fulfil this need to
improve the management of collections on behalf of clients. VeriShare was thus
able to utilize all the expertise it has gained through the years in the
collection industry and focus this expertise on the development of the
collection software, aptly named VeriNet – The Collection Management Software
Solution created for debt management, by debt collectors. Separating the
function between debt collection and debt management gives us the ability to
venture into new avenues and to provide our clients with a more comprehensive
service, with a variety of options which would suit their specific business
model. MISSION To be the leading debt management software company in the market
place and to develop software in a transparent manner that will give our clients
access to the best collection processes at all times. Our objective is to be a
strategic partner to our clients and to achieve the goals set by our clients
through innovative and advanced management software. POLICY The company's policy
is first and foremost to understand the needs of our clients and to meet these
needs. Secondly, we make it our business to keep abreast with developments in
the debt collection field and changing legislation in order to ensure that our
software is the most adequate in the market place. Thirdly, we believe in total
transparency and maintaining the highest degree of integrity and we conduct our
business accordingly. Our processes are always transparent and our clients have
the right to verify this at all time.