New software application to facilitate foreclosure management


Due to the economic crisis, the number of foreclosure files opened for bad loans has grown at an alarming rate, to more than 500,000. Furthermore, the crush of the real estate market has made it difficult for bank agents to recover loans granted to individuals and companies. On the other hand, town halls all around the country have filed hundreds of thousands of enforcement actions for failure of individuals and trade companies to pay fines and taxes.

In this context, Advantage Software Factory (ASF), a company that specialises in overdue debt collection applications and CRM, launches a software application intended to manage large volumes of files and to automate foreclosure proceedings.

The application allows the automatic assignment of files to agents, the identification, evaluation and capitalisation of collaterals, and contains a module for managing salary and bank accounts levies. The software generates letters, communications, notices to the client and to various institutions participating to the foreclosure procedures, automatically, and makes a history of performed operations.

Users shall be provided with a record of published auction ads and shall benefit of a series of reports on cases, by status, on recovered amounts grouped by execution phases and monthly comparative performance summaries, by recovered amounts.

“Although it facilitates an undesired activity, it is a product that minimizes the efforts of more than 500 bank agents, plus thousands of public administration clerks. Three banks in Romania have already shown interest in purchasing this software”, the Sales&Marketing Manager of ASF, Marian Stirbescu, stated.

The foreclosure management software shall be sold as an individual product, but also as an attachment to the Capone debt collection application, which generates more than half of Advantage Software Factory’s turnover. Capone is the leader in the banking field, by more than 50% of collection systems implemented with banks.

 
The first Credit & Collection Conference organized by ExpoMedia

Advantage Software Factory was present as an exhibitor and partner at the first credit and collection conference organized by Expo Media in December 2009.
At this conference, some of the most important collection agencies in Romania have participated, as well as international solution providers for debt collection software. ASF featured Capone Debt Collection Software, the number one collection software in Romania.
This was a good opportunity for ASF to launch the Forced Execution Module officially, as an addition to the already existing key features for collection activities in Capone Debt Collection Software.

 
Advantage Software Factory: Half of the large companies do not manage the customer relationship efficiently

Although they have implemented IT solutions for customer relationship management, more than 50% of the Romanian companies, with over 100 clients, do not use the management features of requests, offers and orders from their customers effectively.

This is the conclusion of a recent study, made by Advantage Software Factory, among approximately 100 key companies of the Financial and Banking, Real Estate, IT and Telecommunications and Consulting Services. However, over 90% of the companies keep complete information about customers, including interactions with them, in such applications.

The same study reveals that the least used CRM functionality is the approval flow for offers deviation. Only 9% of the surveyed companies use a transparent approval flow of the customized offers. It seems that for the rest of the companies, offers to certain customers are made almost secretly, based on discussions, most of them informal, between the sales representatives and the director of sales. The immediate disadvantage of this practice and of not using this feature is the impossibility to create knowhow about non-typical or personalized offers, at department level, thus keeping this experience only to managers or senior vendors’ level. Basically, it obstructs the possibility of standardization of the process for personalized or sensitive offers.

The module dedicated to marketing campaign management is used by 20% of the companies; it is an essential component for marketing departments, which offers the possibility to administrate a campaign and decide on targeted customers. The first conclusion to the absence of a marketing campaign management is an unproductive marketing campaign, in which almost all clients receive the same promotion, although only 10% of them could be interested in it.

Among the important but not sufficiently used functionalities, with only 35% of users, is the CRM module that supports inter-departmental communication (sales - marketing - technical support), with effect in enhancing customer satisfaction and loyalty. Effective use of these features would allow sales representatives to have detailed knowledge about the problems and customers issues signalled to the technical department, which affect future sales, in a positive or negative way. Moreover, if companies have different sales teams, which are responsible for different groups of products, the management of the same customer relationship should be transparent to all sales people.

On the contrary, data collection about customers, tracking sales process (sales pipeline) or running available sales reports have a 100% usage.

"Although the CRM application modules facilitate decision making on a much wider area, such as forecasting sales in the next period, the analysis of the sales force or customer relationship management efficiency, Romanian companies are still not familiar with looking at the CRM application as a "one-stop-database" from which all hierarchical levels and business departments will benefit, by extracting information. Salespeople and technical support have not understood yet that CRM is not a form of monitoring daily activities by their superiors, but rather a tool by which they can manage their business themselves, more efficiently. On the other hand, the managers have not yet reached the level to use CRM functionalities in order to extract those data that help to analyze the relationship with customers better," said Marian ?tirbescu, Sales & Mkt Manager Advantage Software Factory.

Advantage Software Factory is a Romanian company with an experience of about 5 years on the Romanian market of CRM; the company provides consulting services and implementation of their own solutions, AnytimeCRM.

 
02.12.2009 NextReports Designer 2.4 is released

NextReports Designer has reached version 2.4.

Version 2.4 brings new features like :

  • Parameters have support for default values (by default selected in user interface at runtime)
  • Parameters can be "hidden". That means the user cannot see them and their default values are computed and replaced when the report is run
  • User is allowed to export the current report using another data source than the one on which it was created (useful for test & production databases with the same structure)
  • Publish report to NextReports server
  • Download report from NextReports server
  • Added support for Firebird database
  • User can see in real time the number of records exported
  • Bulk column resize
  • New property 'Wrap text' for cell

For all the features and bugs see the release notes page in the download section.
Look also at the blog for some NextReports articles. “

 
02.12.2009 NextReports Server 1.0 is released

A new application is released today: NextReports Server.

This web server allows companies to centralize their reports and offers the following features :

  • Data Source Management
  • Report Management
  • Report Scheduling
  • Report Versioning
  • Report Running History
  • Scheduler Jobs Management
  • Scheduler Jobs Running History
  • Security

NextReports Server uses a fast and efficient web interface with your existing reports templates to allow users access to reports from anywhere.
NextReports Server is created with advanced Web 2.0/Ajax technologies and provides the speed and ease of use normally only seen in desktop application.
NextReports Server is a multi-engine server. It supports Next reports and Jasper Reports (with an extended parameter support). We wish to add more report engines in the near future.
NextReports Server can generate reports in the following formats: Excel, Html, Pdf, Rtf, Csv, Tsv/Text.
NextReports Server is well interconnected with NextReports Designer. From NextReports designer, the user can publish and download reports to/from server, allowing for fast and easy report updates.
NextReports Server can manage a set of permissions to restrict the access to any of the possible report operations like read, write, delete, run, security.
NextReports Server can schedule reports in various ways allowing also simple as well as advanced job definitions.
NextReports Server keeps track of all report versions allowing to set any of them as the current one.
NextReports Server keeps track of all generated reports and the user can see them from inside the application or can be notified by email with a link or an attachment.
NextReports Server is very easy to use and has installers for Windows and Linux.

 
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