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2021: The Credit and Loan Collections Future

The crisis  brought about by the ongoing pandemic has been transforming the way people do business, how they structure their lives, and already, 2021 is proving to be the year of the future.

LoanCirrus, our cloud-based debtor management system, will transform your loan business by enabling it to remotely process and respond to millions of data points and tasks with only negligible operational expense. Thanks to digitization, it now costs significantly less human and financial resources to get paid by clients on time.

If businesses refuse to keep up with digital trends, they will likely fail since ‘Reach, Organization, and Memory’ are now vital to successfully handling growing customer bases, without huge expenses. This is why no profit-driven executive should ignore the competitive advantage of going digital now! This is especially true in the loan business, where “efficiently managing hundreds of weekly repayments profitably can make or break companies.”

While paper trail remains important,  most tasks are now more efficiently handled by tailor-made digital systems like LoanCirrus’ affordable comprehensive cloud-based solutions. Users greatly benefit from collecting more of their payments on-time by staying on top of delinquencies, late payments, and balances.

Just think: scrolling through data to contact large groups of clients with similar circumstances; or maintaining personalized and regular communication on each client’s stated schedule or reminding clients about repayments, all with minimal human resources. LoanCirrus can even remind customer service, collection and management staff every time a payment is due, late or going delinquent.

I still keep important dates like birthdays, anniversaries and my kids PTA on Post-it notes hugging my digitized refrigerator; and my ‘outstanding household bills basket’ has been growing less useful over time but it still has a place on my kitchen counter.

These usual routines are now more functions of habit than anything else though– since digital reminders and warnings became the ‘new norm’ last year – and for some – many years before that. Imagine how much savings the utility companies that no longer routinely post every bill and letter are racking up. Yet now, they are always remembered. Some of us even grow romantically accustomed to their schedules. We miss them when they are late, and even wonder about what could be delaying them.

LoanCirrus is bringing similar savings to more loan businesses, while improving collection efficiency. Even medical alerts, security communications, school assignments and bank updates pop up as notifications when they land on our laptops, tablets, mobile and other digitally connected devices. Information travels across great distances in seconds to arrive on our connected devices, with only negligible cost per message. All of your qualifying clients today will have access to one of these devices, because they have other distant people to always keep in touch with too!

Facebook, Instagram and LinkedIn never forget to remind me about upcoming birthdays, anniversaries and events for almost all the people I keep in touch with. My notifications are literally my new post-its! My bills are now e-bills. They arrive by email and SMS message long before the mailman’s version reaches my once popular metal mailbox, and notifications of their arrival stay in my face until I’ve read or dismissed them.

The antique mailbox still occupies mostly iconic prominence at my front gate, but mine only fills with stale news, coupons and cards from goods delivery drivers. Businesses at the forefront of the new digital age already use cloud or local server-based systems to manage clients, portfolios and even shareholders. So LoanCirrus’ solution builds on the attempts of existing products that are claiming to satisfy loan business’ needs.

Successful businesses are Reaching More Clients without the hassle and expense of printing and telephone call costs, organizing more data using less capital, and are never forgetting to remember clients and staff when it matters (especially when payments are due, late or dangerously delinquent, and when there are opportunities for individual clients to borrow more).

The companies that want to survive the future MUST follow these digital trends. They must also choose a credible and reliable expert to deliver their new digital expansion. LoanCirrus is the best choice of a trusted partner in the cloud digitization sector. Our platform does more than store, sort and process data. LoanCirrus is a trend-setting global company that regards Storage Backup, Security Protection and Server Maintenance as essential to you, your shareholders, and your clients’ peace of mind.

Market leaders are already building close relationships with your potential clients. They are becoming a part of these clients’ life routines by penetrating the new sixth sense. Digital devices keep us connected to friends, family, business associates, doctors, schools, politicians, and a global marketplace.

Bridge the competitive gap between you and your competitors today by claiming your FREE Trial today or schedule a personal Demo to see how LoanCirrus can best meet your lending needs. It is the operational decision that will rapidly grow your business and collect payments throughout 2021, and for the foreseeable future.

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