DebtFlow offers automation for TIX-compliancy
A
Sawfish Software product story
Edited by the Marketingservicestalk editorial team
Aug 28, 2007
Sawfish Software's DebtFlow (version 4) is assisting insolvency practitioners to comply with new requirements announced by The Insolvency Exchange.
DebtFlow v4 is the only software available that can automate a wide range of actions involved in the processing of IVAs, allowing IPs to remain profitable while maintaining TIX-compliancy.
The Insolvency Exchange, the insolvency management platform which represents 70 per cent of creditors in the IVA market, has recently announced changes in accepted fee structures and payment practices, which come into force on 1 September 2007.
The changes include the need to work towards quarterly and monthly payments of dividends to creditors, payment through the BACS system, reduction of IP fees to no more than 15 per cent of realisations and removal of 'hidden' expenses.
Steve Hull, chief executive of Sawfish Software, said: "As a result of these changes in practice, many insolvency practitioners will struggle to maintain fee levels, and profitability will be affected.
"Many procedures in relation to IVAs are time-consuming, repetitive and admin-intensive - automation will be essential for companies to remain profitable".
DebtFlow v4 incorporates a number of fully automated processes that provide creditors, debtors and IPs with a number of benefits.
These include monthly batch payments to individual creditors, bank receipts, calculation of fees and the computation of all payments to creditors.
Hull added: "DebtFlow benefits everyone involved by enabling the faster progress of IVAs.
"For creditors, the automation of payments, and reporting procedures is advantageous.
"Likewise, with improved practices and better advice, debtors can also benefit.
"By adopting TIX-compliant procedures immediately, IPs will be in a better position for the IVAs to be approved quickly by creditors with fewer modifications".
Not what you're looking for? Search the site.
Google Ads
Contact Sawfish Software
Related Stories
- Tamba to increase online presence for Sock Shop
- Rippleffect redesigns Fulham FC website
- Live streaming reduces observation costs
- Page-turning publication solution enhanced
- Facebook app measurement solution launched
Articles by product category
-
Design and Print Services (387)
- Design and Print Services (1)
- Design services (241)
- Copywriters (25)
- Illustrators (4)
- Image libraries (18)
- Packaging (2)
- Paper and print (76)
- Signage (19)
- Types/Fonts (0)
-
Direct Marketing (351)
- Direct Marketing (1)
- Call centers (63)
- Direct Mail (2)
- Direct Marketing Agencies (260)
- DRTV (0)
- Field Marketing (0)
- Inserts (0)
- Integrated Marketing Agency (2)
- Mailing Houses (0)
- Paper and envelopes (0)
- Postal services and fulfillment (23)
- Printing (0)
- Response handling (0)
-
Events, meetings, conferences and exhibitions (502)
- Events, meetings, conferences and exhibitions (251)
- Audio/Visual (32)
- Banners/Stands/Signage (25)
- Corporate Venues (117)
- Corporate hospitality (56)
-
Data Services (605)
- Data Services (4)
- Address Management (0)
- CRM / Customer Insight (187)
- Data Analytics (0)
- Data capture (80)
- Data processing (0)
- Database Management (303)
- GIS (5)
- Lifestyle Data (8)
- Lists (18)
-
Online Marketing Services (1,626)
- Online Marketing Services (187)
- Ad Networks (1)
- Affiliate Marketing (85)
- Design and build (569)
- E-commerce (18)
- E-mail Marketing (165)
- Hosting (32)
- Mobile marketing (195)
- Multimedia (4)
- Pay Per Click (0)
- Search Engine Optimization and Marketing (235)
- Social Media (21)
- Web Analytics and Usability (114)
- Media Owners (76)
-
Promotions and Incentives Marketing (642)
- Promotions and Incentives Marketing (291)
- Awards / Trophy (7)
- Badges (0)
- Balloons and Inflatable (1)
- Branded goods (2)
- Calendars (1)
- Carrier Bags (0)
- Clothing (0)
- Confectionery (0)
- Eco Friendly Products (0)
- Event Merchandise (130)
- Gift Voucher (71)
- Pens (1)
- Point of sale (0)
- USB Sticks (1)
- Affinity and partnership marketing (111)
- Promotions and Incentives (26)
- Training, Development and Courses (1,206)
-
Point of purchase and Design Services (551)
- Point of purchase and Design Services (82)
- Digital (78)
- Display manufacture (29)
- Experiential Marketing (103)
- Permanent POP (1)
- Point of purchase Print (17)
- POP installation (11)
- Retail Design (15)
- Retail Technology (1)
- Temporary POP (0)
- Visual Merchandising (0)
- Point of purchase (214)
- Trade Associations and Professional Bodies (303)
-
Agencies and Consultancies (1,383)
- Agencies and Consultancies (6)
- Advertising (0)
- Brand (0)
- Customer Publishing (29)
- Data (0)
- Design (0)
- Digital (0)
- Event Management (0)
- Field Marketing (0)
- Integrated (302)
- Market Research (220)
- Marketing Services (0)
- Media (257)
- PR (203)
- Recruitment (34)
- Sales Promotion (28)
- Sponsorship (20)
- Strategic Management (284)
