Insolvency Portfolio Management
Specialized processes and techniques are required to manage Insolvency Portfolios. We understand handling insolvency portfolios is a challenging assignment and the complexity escalates when it is coupled with the task of achieving higher yields.
At CDM we handle your insolvency portfolio in a structured and process-oriented manner. We employ our state-of-the-art systems to administer, monitor and control processes based on your provided criteria. Our team helps our clients by increasing their recovery numbers and eliminating their workload in this tedious process of handling bankruptcies, consumer proposals and credit counselling proposal administration.
Our focus is to simplify your business processes so that you continue to build your core business. This is achieved by providing clients with the most cost effective and flexible management programs in order to:
- Increase cash flow
- Enhance cost effectiveness
- Reduce administrative costs
- Lower credit losses
CDM offers end-to-end management and administration of the insolvency portfolios for our clients. Our process starts from accepting and filing proof of claims to consolidating and remitting payments from multiple agencies. We handle both secured and unsecured portfolios.
CDM uses partners such as leading law firms, bailiffs, auctioneers, collection agencies, and other third party licensed agencies to comply with legislations when required.
Our team of account managers and partners ensures accounts are handled individually by staff with utmost care to avoid any compliance breach. Each account manager has their own individual portfolios to manage which allows understanding of their respective portfolios' financial situations and effective follow-ups.
CDM is ready with our full arsenal of services to aid in the management and administration of all processes associated with your insolvent and hardship accounts.
Optional Services
CDM is available to customize service portfolio. Features can include issuing reports on account activity to consumer and commercial credit bureaus, preparing and distributing payment reminder notices, and other means to ensure a high-quality and professional handling of insolvent files.