Debt Collection Services In Bengaluru

PayAssured is Indias trusted partner for business debt recovery and invoice collection. We help companies recover their overdue payments within 90 days through a transparent, technology-driven, and results-focused approach.Our mission is simple to help businesses get paid faster and protect their cash flow, without hidden charges or complicated processes.Why choose PayAssured: 90-Day Recovery Promise Transparent pricing with no hidden costs Dedicated in-house team managing every case Trusted by 100+ businesses across India

Automatic credit collection App for mobile/retail shop

Debt. Collection

The service involves assisting the client with the recovery of debts. Taking necessary legal action in case of defaulters.

Legal Debt Recovery Service Juri Lex is India's first and only online attorney based Debt Recovery Specialist that offers ONE STOP SHOP for complete cycle of Legal Debt Recovery Management, covering every stage of the recovery and collection cycle i.e from amicable settlement method stage to litigation stage.Juri Lex Offers debt recovery and collection solutions to all types of Bussiness . Each client case is handled by a dedicated team of Attorney and accountant right from the beginning to the end by using creative, practical and business oriented approaches in handling clients delinquent account with highest quality of professional services. Juri Lex do not delay in recommending legal action having regard to the best legal options available like Law-Suit, Winding-up petitions, criminal complaints, with the client's prior concurrence approval.Features of Juri Lex Debt Recovery : No Recovery - No Fee High Sucess Rate Recovery Specialist are Attorneys Track status online Lowest Fee PAN India Presence Collection across all types of industriesRecovery Methods1. Pre-litigation Method2. Litigation MethodProcess : Regular Email escalation Regular telephonic follow-up Minor Accounts Reconciliation Regular follow-up through Letters Issuance of Legal Notice Issuance of Final Remainder Notice Video Conference calls with defaulter and client Advice on type of Litigation to be chosen such as Law Suits, Winding Up , Criminal Complaint / FIR, Complaint under Section 138 of Negotiable Instruments Act (Dishonour of Cheques)Initating Corporate Insolvencey Resolution Process Preparation of petition, lawsuits or criminal complaints etc. Seeking approval of draft from the client. 6Filing representing to and before appropriate civil or criminal authority against the debtor, as the case may be. Pursuing the litigation obtaining the orders from the appropriate judicial courts or quasi judicial authorities. Execution of Court Decree / Judgement.

Debt Collection Bots

Electronic and Paper Claim Submission Electronic Claim - Electronic submission billing is the process by which a health care provider electronically submits a bill, or claim to a health insurance company, or payer, for the rendering of medical services. A practice that has interactions with the patient must now under HIPAA send most billing claims for services via electronic means. Prior to actually performing service and billing a patient, the care provider may use software to check the eligibility of the patient for the intended services with the patient's insurance company. This process uses the same standards and technologies as an electronic claims transmission with small changes to the transmission format, this format is known specifically as X12-270 Health Care Eligibility & Benefit Inquiry transaction. Paper Claim - Paper claims are difficult to track and take longer to reach the payer. If you are forced to submit multiple paper claims to an individual payer, send them certified or registered mail so that you have proof that the claims reached the payer and that somebody at that office accepted the package. FGT uses the following standards when printing PAPER Claim. Use only original claim forms (the ones printed in red). The current acceptable forms are the CMS-1500 and the UB-04. We make sure that the print on the claims is dark. Claims scan best use at a size12 font in uppercase letters & we make sure that the information that is required in each field prints within the area of each block. If need to write on the claim for any reason, we use blue or black ink. The payer processing software does not recognize red ink because the forms are red. Also check on these claims within a week to make sure that they have been entered into the payer processing system. When we call to follow up a paper claim, we inform the representative know that the claim was submitted on paper and the date it was sent. Payment Posting We have organized way of receiving the ERA and the EOBs from the insurance companies, all the EOBs and ERAs will be uploaded in our tracking system to be efficiently monitored and used by our expert posting team with absolute precision to reduce the incorrect posting issues. In-House Continuous learning Initiatives: At FGT we encourage our team to undergo regular trainings within our team and also with external training institutes, undergo online trainings to keep ourselves in par with the industry standards. At FGT our qualified payment posting team members have rich knowledge of reading EOBs/ERAs, payer rejection/adjustment codes and post them in appropriate patient accounts. Sending this information to FGT is an easy task, you can scan us your paper EOBs to our secure FTP site for us to work with. If there are electronic lock boxes, we will access them get the required information. We also do index eobs to patients record thus enabling our clients to access EOBs just by entering in to patients records. It is very important to have this department streamlined with well trained staff as it might lead to dissatisfaction among patients and providers. Services we offer at FGT: Patient Registration using PMS or Hospital interface Charge Entry services Payment posting with EOBs or ERAs, using Manual or electronic interface Denial/Rejection posting Reconciliation Refunds / Adjustments / Write offs Provider data updates FGT team has wide experience not just in Practice management system also in hospital softwares like Siemens, Epic, IDX to name a few. .

Big Corporate Customers receive payments from their customers via Cheque. These cheques are high in volume. Requires depositing these cheques appropriately based on the value date of the cheque. Post Dated Cheques are to be warehoused and to be presented at a later date. Therefore corporates look for outsourcing the cheque collection service. Typically, Banks provide Cheque Collection Service to their corporate customers. Cheques could be two types House Cheques Other Bank Local Cheques Bank charges different processing fees for House Cheques and Other Bank Cheques. Fees can be charged either based on per cheque basis or volume pricing basis depending on the corporate. House Cheques are processed on the value date of the cheque. House Cheques are verified for: Signature of the Account Holder. Balance Available to clear the cheque. Other Bank Cheques are presented on the value date of the cheque. Retail and Corporate Customers today look for online bill payment services from their banks to pay for Electricity, Telephone, Mobile etc. Billing Organizations like the Electricity company, Telecom service providers look for outsourcing their Bill Collection services to the banks.

Liquidation of the Corporate Debtor

This is one of the outbound outsourcing processes performed to follow and ensure the payments on debts owed by individuals or businesses. This collection processes are commonly found in the mortgage, insurance and financial markets. Thus, it saves the money and time of the companies in debt collection when it is outsourced. The agents should convince the debtors to pay their debts in a right manner and not through unfair practices.

Most collections models answer the wrong question - who is likely to pay? The real collections objective is, given limited resources, where should I focus my efforts to get the highest return on my investment? To answer this question, lenders need two models:The response (incremental $ collected) to various collections treatments.The economics of collections treatments, i.e., incremental $ collected per $ expended.Modelytics will help you optimize your collections function by developing and installing decision models that maximize the incremental $ collected per $ spent.

We offer a full range of B2B (Business to Business) Debt Collection Service from Manufacturing to Distribution to Retail and Services Sector. In other words, we cover Manufacturing, Business, Trade, Information and Technology, BPO, Financial, Real-Estate, Software, Marketing, Distribution, Licensing Agency and others. We cover all type of Business entity like Sole Proprietorship, Partnership, Limited Liability Company.We do customize collection process to suit client's needs ranges from sending letters series to telephone contact, fact-toface negotiations. our Attorneys are accomplished negotiators and we often succeed in securing past dues from the debtors throught negotiations. In case, litigation is required we don't delay in initiating litigation having regard to the best legal options available like Law- Suit, Winding-up petitions, with the client's concurrence approval. Once in litigation, we routinely utilizes pre-judgments remedies to gain leverage.Over the Defendant-Debtor, Applications for provisional remedies, such as writs of attchement and/or professions for the appointment of a receiver, are often prepared file served simultaneously with the summons and complaints. With our experience we have found that the judicial use of these remedies not only exults sufficient pressure on Debtors to resolve these matters quickly, it also forces the early disclosure of any substantive defences as economically as possible.