Using the RecoveryMaxx system to recover deficiency balances is a very small investment when you look at the big picture. Having a system that is specifically geared to the recovery steps makes the tracking and processing of our recovery accounts efficient and more effective than any alternative, We process our accounts in monthly ‘batches’ and use an attorney for our civil judgments, I am certain that we reduced our attorney costs by providing high quality documents from RecoveryMaxx, produced in a minimal amount of time. RecoveryMaxx has been an important element in our ability to stay focused, stay the course and manage this collection activity. Thankfully, the RecoveryMaxx associates are as omitted as we are and interested in our success…we couldn’t have come this far without them!
RecoveryMaxx has drastically decreased the time we’ve spent on the paperwork involved in collecting recovered loss money. Documents are ready in t seconds rather than having to do manual calculations and cress reference multiple sources. The only limitation to what this program can do for you to increase productivity is how far you are willing to integrate it into your portfolio management!
In the challenging economic environment, bad debts have been steadily increasing in the BHPH segment of the automotive industry. The most successful operators are now using more advanced recovery techniques and practices to reduce these higher losses Increasing recoveries is a vital component of BHPH profitability today! That being said, RecoveryMaxx is a superb addition to any BHPH DMS system to track recovery income and manage garnishments on all levels.