Startup Idea: Credit and Collections Optimization Software

Startup idea to develop a software specifically tailored for credit and collections professionals. The tool should be able to track customer payment behavior, with the added feature to exclude certain incidents (such as missed payments due to lost mail) from impacting the overall payment metrics.

I would like a software specifically geared to credit and collections professionals.

Right now, we typically rely on a combination of Excel, and enterprise accounting programs.

These programs were never meant to give us information related to how a customer pays, while giving us the ability to specifically exclude certain items from the payment metrics.

For instance, a customer pays his bill in an average of 21 days every month, but one month he didn't get the bill because it was lost in the mail.

I would want to be able to exclude that invoice from the calculation on how fast he pays, so that it doesn't skew the average, and I maintain a true sense of payment behavior not affected by external factors.

I looked on google using "collections software" and "credit software" Right now I dump the data into excel and manipulate it to my needs.

Submitter: matt - (view contact info).

Resources

Business Domain Stats

• 12t debt under collection

Research & Find Customers

• https://www.linkedin.com/search/results/index/?keywords=debt%20collection (6.8k)

Learn about the Problem Space

• http://smallbusiness.chron.com/need-start-debt-collection-business-3467.html

Research Competition & Related Products

• http://www.simplicitycollectionsoftware.com
• https://debtordaddy.com/