Collections Management System

SlicPay is a collections management suite of software offering a world-class approach for organizations committed to cutting costs and improving their collections management techniques. SlicPay is integrated financial software addressing the business functions surrounding the functions of collections and financial reconciliation. The management of electronic debit (collection) and credit (payment) transactions is integrated, seamless, secure and automated.

THE DEBIT (COLLECTION) SERVICES INCLUDE INTER ALIA THE FOLLOWING:

SlicPay provides for all the normal collections services available in the industry such as Debit Orders, AHV (Account Holder Verification) and NAEDO (Non-Authenticated Early Debit Orders).

However, whilst most South Africans agree that debit orders are a convenient way to pay their accounts, saving time and giving them peace of mind, over the past number of years, debit order abuse has become a major issue in South Africa. There has been bad behaviour by some companies that process invalid debit orders to consumer bank accounts. In addition, there are consumers that avoid paying valid debit orders by unfairly disputing these with their banks. Therefore, the industry is introducing DebiCheck. SlicPay now includes DebiCheck as a new debit order service.

THE CREDIT (PAYMENT) SERVICES INCLUDE THE FOLLOWING:

• Payment of salaries and wages, other creditors, Emolument Attachment Orders (EAO), and statutory payments such as SARS etc.

SlicPay provides a simple and easy-to-use internet based system for the management of both debit and credit transactions or alternatively provides Straight-Through-Processing (STP) for large volume processing capability with seamless and secure integration with your line-of-business administration systems through import and export facilities via a secure FTP landing server.

OTHER FEATURES INCLUDE THE FOLLOWING:

• The automated allocation of salary dates via “auto-process-control” (APC) administers and controls the action/strike date of collections thereby increasing success ratios and decreasing rejections;
• Multiple strike dates;
• Full audit trail per debtor with unpaid reason codes making reconciliation meaningful and easy and eliminating the need for suspense accounts;
• Full financial reconciliation on selected pay-over dates thereby substantially improving credit control and cash flow management;
• Detailed financial information in geographic areas allows for simplified segmentation and decisions etc.