RecoveryPro - Features

RecoveryPro
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RecoveryPro Features

RecoveryPro utilizes a local AND/OR an online database all for the same price! (see pricing) Access your accounts anywhere with an internet connection!

RecoveryPro is a powerful database program for Judgment Recovery, Collections, & Arbitration (there are no arbitration letters available at this time).

This software does everything but pour coffee and flip eggs for you in the morning. A licensing key codes is required otherwise the software will shut down. If it does shut down, you will still be allowed access to your addresses (Court and Sheriff, Other Addresses). You will also be allowed access to the Owed Creditor screen so you can close out your accounts. The database is Microsoft Access 2003 and the online database is Microsoft SQL Server 2005.

Requires Windows XP or greater (including Vista) and Microsoft Word (for mail merge features) 2003 or greater (2007 for custom headers). Since the database is Microsoft Access 2003 you can mail merge any Microsoft Word document to the database you want. Otherwise, you do NOT need Microsoft Access in order to run RecoveryPro.

If you have a letter or a 'common' document that is different than what is provided with the software, and you are willing to allow distribution of your document to other users, just send us a copy of your document and it will be added to RecoveryPro. Otherwise you can make your own documents and mail merge it to the database. Updates and support is always FREE.

See Pricing for limitations on Free software.

The only software with access to RecoveryPro Solutions
The only software that makes money for business users through RecoveryPro Solutions
The only software that makes money for Collection Agencies and Judgment Recovery businesses through RecoveryPro Solutions
The only software that makes money for debt buyers and investors through RecoveryPro Solutions
Over 1000 user fields
As many users as you need (See Pricing)
Runs on your network and/or you can utilize a secure online database (you can have two separate sets of data using both your local and online database)
Have remote collectors using the online database
Employees can work at home using the online database
Daily to-do, searches, and WIP lists for each user
Import records from Microsoft Excel
Automatic Power Phone Dialer Available (This is third party software and is not free. Go to: http://www.evs7.com/ for more details)
Manual Phone Dialer Screen is available for those who do not want to purchase an Automatic Phone Dialer
Quick Collection Screen that can be set up for numerous campaigns for the collector
Set up customized phone dialing campaigns
RecoveryPro Solutions users access their accounts located on a secure online database
Most common documents included and print automatically (See Pricing for restrictions on Free version)
Any document you want to create with Microsoft Word and use mail merge (See Pricing for restrictions on Free version)
Handles all your expenses per account
Calculates simple or compound interest on collection accounts
Calculates simple or compound post judgment interest for ALL states
Allows separate interest rates per account
Automatically calculates Per Diem amounts per account (daily interest charge)
Automatically calculates date interest paid through
For the States that require interest rates to be updated on a scheduled bases, RecoveryPro allows for the update of these interest rates with only one entry (updates all accounts that you associate with that state) – even allowing for multiple States that requires interest rates updates
Allows you to change interest rates - payment to payment as needed or whenever you want
Allows you to ‘rebate’ part of the debtor’s interest - payment to payment as needed (match payments or any other arrangement you make with a debtor – also used to ‘zero’ out accounts when satisfied - Rebate amounts do not calculate into what is owed creditor)
Handles solicitations, judgments, collections, arbitrations, pending bankruptcies, pending judgments, satisfied/closed accounts, assigned accounts, and purged accounts.
Mail Merge to any table you want using Microsoft Word; however, queries have been set up to accommodate your mail merge needs, including accounts, debtors, creditors, garnishments, other addresses, courts, sheriffs (See Pricing for restrictions on Free version)
Updates account balances automatically on startup
Up to 15 customized searches (15 includes Skiptrace)
Up to 12 scheduled letters for debtors (12 includes demand letter and payment statement)
Many Word documents included – including envelopes, blank letters, court letters, sheriff letters, and much more
Complete statistics at a glance showing your account values by type, placed values by year, recovered values by year, recovery rate by year, overall recovery rate, expenses by year, and much more
Search features for several common fields (like names, addresses, phone, etc) – will search the entire database for matches
Name searches includes soundex searches (soundex is an algorithm that allows for matches for similar sounding or similar spelled names)
Allows debtor payments to be applied to fees, creditor fees, or court costs prior to interest and principal
Allows you to adjust your creditor’s percentage received of recovered fees, recovered creditor fees, recovered court costs, and recovered principal/interest – per account
A complete daily to do list checking for: late payments, reviews, expiring SOL, possible debtor exams, active debtor exams, possible garnishments, active garnishments, expiring agreements, verify debtor addresses (using blank postcards to verify addresses - or letters if you wish)
Set up all your scheduled letters to print on regular paper, perforated paper, or other paper (nice for bonded or colored paper as needed)
Letters are designed for both regular paper and perforated paper printing (perforated with a 3 2/3 inch horizontal perforation - great for payment statements)
Letters are designed for #10 single windowed envelopes (lower left) – or you can print plain envelopes or mail labels
Letter header provided or you can design your own (.jpg)
Clerk of Court table – letters and envelopes mail merge
County Sheriff Departments table - letters and envelopes mail merge
Other contacts table - letters and envelopes mail merge
No more scrolling through the records (and overshooting)
No more clicking on those little navigation arrows at the bottom of the screen
No more cheap contact databases

Things that relate to your creditors:

Handles all payments to your creditors
Handles direct payments that are made to your creditors
Generates statements and updates for your creditors (See Pricing for restrictions on Free version)
Send monthly statements automatically by email
Can have two unique creditors per account - great for commissions and finder's fees
Handles judgment solicitations to potential creditors (See Pricing for restrictions on Free version)
Handles solicitations for potential collection creditors (Client Leads)
Set % of recovered funds for each creditor
If you are using the online database, you can set your creditors up to view specific notes and account data LIVE, using ClientWatch (a separate program) - the information made available to clients is the same as what is available with monthly summary statements. Contact us if you want to see sample accounts using ClientWatch.

Things that relate to debtors:

Have as many debtors per account as you want (1 or even 100 as needed)
Treats each debtor’s status separately allowing flexibility in garnishments, payment plans, exams, skiptrace, etc
Handles unlimited number of debtor payments – even partial payments
Correctly calculates interest between payments
Handles payment plans – all debtors can be on separate plans - even payment plans for separate accounts
Notifies you of late payments
Organize and track garnishments
Organize and track debtor exams
15 customized search reminders
Allows you to adjust the interest rate - payment to payment - as needed
Allows you to ‘rebate’ interest or match payments for your debtor as needed
Up to 12 scheduled letters for the debtors (12 includes demand letter and payment statement) (See Pricing for restrictions on Free version)
Track court allow expenses per account, which automatically adds to the balance owed

Even though RecoveryPro keeps track of what you owe your creditors, it is not an accounting package and does not print checks. Third party check writing and accounting software (such as QuickBooks) is recommended.

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