Navigate the legal landscape seamlessly with Legal Plus – your dedicated ally for Non-Performing Assets. From smart notices to centralised monitoring, empower your debt recovery strategy with precision and efficiency!
Legal Plus is an extension of the Robo Collect product which uses legal notices (pre-litigation) as a tool to drive collections. The notice can be sent through digital mediums like email, sms or whatsapp as well as physical mediums . The lender can see the entire progress on a single dashboard like payments status, digital engagement outputs, customer remarks and the status of the legal notice sent.
Legal Plus integrates seamlessly with Robo Collect, utilizing the AI-driven borrower profiling and segmentation for precise pre-litigation strategies.
The platform leverages Robo Collect's insights to tailor legal notices based on borrower profiles and behaviors.
Legal Plus offers the flexibility of issuing legal notices in both physical and digital formats.
Banks can choose the most effective mode of communication for each borrower, optimizing the impact of debt collection efforts.
The platform provides real-time status updates on the legal notice delivery.
Banks can monitor how many borrowers have clicked or seen the notice, enabling informed decision-making and targeted follow-ups.
Legal Plus incorporates a nudge mechanism that responds to borrower interactions with legal notices.
Based on the engagement status, the platform autonomously nudges borrowers, encouraging timely responses and actions.
A key USP of Legal Plus is the single dashboard that offers a comprehensive status update on all pre-litigation activities.
The centralised dashboard enhances operational efficiency by providing a holistic view of the debt collection process.
Legal Plus streamlines workflow management by automating the generation and delivery of legal notices.
This automation reduces the manual effort required in the pre-litigation phase, optimizing resource allocation.
Robo Collect is an intelligent and proactive debt collection solution designed to assist banks in optimizing loan recovery processes.
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Tailored Pre-Litigation Strategies: Utilizes insights from Robo Collect to customize legal notices based on borrower profiles.
Flexible Communication Modes: Offers the flexibility of delivering legal notices in both physical and digital formats.
Real-time Monitoring: Provides real-time status updates on notice delivery and borrower interactions, facilitating proactive decision-making.
Enhanced Engagement: The nudge mechanism encourages borrower engagement, increasing the likelihood of timely responses.
Operational Efficiency: The single dashboard enhances operational efficiency by providing a consolidated view of pre-litigation activities.
Legal Plus is a strategic addition to the debt recovery toolkit, offering an intelligent and efficient solution for NPA cases. By integrating seamlessly with Robo Collect and providing a centralised dashboard, the platform optimises the pre-litigation process for banks, ensuring targeted and effective debt collection.