Recovery Management Software

RecoveryMaxx Product Overview

Software for your Recovery Department

RecoveryMaxx is a software tool designed to help you succeed in effectively managing your bad debt accounts and recovering more of your bad debt losses. Loaded with features such as garnishment tracking, legal document printing, customized collector work-lists and recovery income tracking, RecoveryMaxx will increase your ability to recover more bad debt!

The Basics

Summons Issuing Tracking
Judgment Data Tracking
Payroll Garnishment Tracking
Income Tax Garnishment Tracking
Unique Employer Tracking
Automated Document Printing in Batches

The Benefits

Can be a stand-alone system
Integrated with Auto Master Systems
Cost effective
Data can be hosted or installed locally

The Rewards

Avg 18%+ collection of bad debt.
More settlement transactions.
Little to no attorney involvement.
On-site training.
State resource guide.

RecoveryMaxx Tracking Features

Summons Issuing Tracking

You won’t ever miss a service deadline again! Track the Summons issue and expiration, or court dates in the Judgment screen of RecoveryMaxx. Generate reports based on court date to view Process Server assignments. Having all the information in one place, gives you the control to manage all of your lawsuits!

Payroll Garnishment Tracking

RecoveryMaxx gives you the ability to track all of your active Garnishments including the service and Disclosure or Response date. If the employer, or financial institution, fails to comply with your court ordered garnishment, you may be entitled to pursue the garnishee defendant for the entire balance of the Judgment. RecoveryMaxx provides report data that allow you to capture those files. Do you reside in a state that requires garnishments to be renewed? RecoveryMaxx gives you the ability to generate the garnishment court forms in batches based on the expiration date. No more Excel spreadsheets or Outlook calendars! The data is all stored by one entry!

Automated Document Printing in Batches

One of the leading benefits to RecoveryMaxx is not only to generate your court forms using an immediate data merge process, but to select groups of files and push those to the appropriate court form. Now you can generate 50 new suits all in one step! What used to take hours, now can be completed within seconds!

Judgment Data Tracking

Do you have Judgments that are nearing the Statute of Limitations? Do you know on a monthly basis how many Judgments are in your possession? RecoveryMaxx gives you the ability to track all of your Judgment data, including the date, Interest and amount all in one convenient location!

Unique Employer Tracking

By providing drop down menus for the employer, RecoveryMaxx allows you to “save” your employer records to be applied to other debtors. The benefit: you don’t have to continually search for addresses, phone numbers or contact names on the company’s you frequently garnish. RecoveryMaxx also tracks past-employment information on each debtor.

Screen Shots

The Origination Screen represents all the debtor demographic data that was imported from your active DMS system. You can view the name, address & phone number at the time of the import, charge-off date and amount and the contractual information (ie: pay terms, vehicle information, etc.). You also have the ability to view all current or previous employment information, references, and all the existing collector notes.

If you choose to manually add accounts to the RecoveryMaxx system, the procedure is executed in this screen. Or you have the ability to manually add a co-debtor to the existing loan.

Once an account is added or imported, you are not able to CHANGE the data in the Origination Screen. It simply provides a snap-shot of the account at the time it is loaded.

The Collection screen provides all of the tools needed to effectively pursue your debtor. At a glance, you can view the debtor’s current address, phone number, employer and current balance, broken down by principal, current interest, accrued interest, court costs and the pay-off balance.

Voluntary payments are also monitored by due date and amount in the Collection screen. Also, click on the Payment History to view a detailed list of all payments and how each payment was allocated (principal, interest, court costs, late fees, etc.). All of the Collection notes that are added in RecoveryMaxx can be viewed at a glance in the collection screen, or simply click on a particular note to open the entire “conversation”. You can also choose to highlight or allow a note to stand out from other notes.

From the screen, you can also generate collection letters or process all of your legal court forms with just one click of a button!

Tags are helpful to sort debtors by different classes, or what we refer to as “buckets”. You can define tags by identifying Judgment Property Liens, or Out of State debtors. However you choose to define your own parameters, RecoveryMaxx allows you to track the results.

The Judgment screen is where all of your legal docket information is stored. From the Summons Issue, Expiration, and Service date, to the entry of the Judgment. RecoveryMaxx stores the court case or docket number and allows you to track important dates associated with the suit process to be sure your file moves from the filing of the suit to the entry of the Judgment without missing any deadlines or expiration dates.

It’s important to track your court costs and the expenses associated with the filing of your lawsuit. RecoveryMaxx allows you to track this data and compare your expenses with recoveries. The result: track your net profits easier!
Maybe you are pursuing debtor’s in multiple states, or are using multiple attorneys. The Judgment screen allows you to identify those debtors and gives you the ability to generate reports based on multiple state parameters.

Debtor Status fields further allow you to classify your debtors or arrange into separate “buckets”. Maybe you would like to separate your debtors based on their employment status: laid off, or they currently have higher writs that do not allow a garnishment. Using the Status Fields gives you the convenience and flexibility to sort your data any way you choose.

One of the most innovative features which separates RecoveryMaxx from any other post-judgment collection tool is the ability to track your active garnishments on a daily, weekly, or monthly basis. It’s important to carefully monitor employers or banks to ensure they are complying to your court-ordered garnishment. RecoveryMaxx allows you to track due dates and deadlines which could convert your current judgment into a judgment against the garnishee defendant (employer or bank) for the full amount you are seeking against the defendant.

For states that require periodic renewals or re-files on garnishments, RecoveryMaxx provides batch processing based on the expiration date of the Garnishment. You can now generate garnishments in batch format in one process.

RecoveryMaxx allows you to set up Pay Codes and Sources based on your own company’s parameters. You also have the ability to allocate payments first to court costs, then interest, finally principal. It’s all up to you! You choose the settings at installation, the program does the rest.

Add or view court costs, perform account adjustments, Void or NSF payments, it’s all included here! Designate a voucher payment, post a “Principal Only” payment, the possibilities are endless.

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