Bad debt legal tool launched

A software tool that allows finance departments to manage debt recovery through the court process has been launched by enterprise resource planning provider Agresso. With bad debt becoming an increasing problem as a result of the recession, finance departments are finding themselves spending more time than before chasing late payers. Legal Debt Recovery is aimed at helping private and public organisations claw back debt more efficiently, the Netherlands-based company said, by providing an integrated resource that works alongside Agresso's own Accounts Receivable/Debtors programme. 'Debt recovery can be a nightmare for both public and private sector organisations due to the amount and complexity of cases,' said Anwen Robinson, UK managing director for Agresso. 'However, as a result of the recession it is becoming more crucial than ever to track cases and ensure that money is clawed back.' By making efficiencies, legal teams will be freed up to concentrate on larger, more complex debt recovery cases, the company said.

Philip Smith |Contributing editor, Accountancy Daily

Philip Smith is contributing editor at Accountancy Daily and a freelance journalist specialising in accountancy and tax matters. He ...

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