Financial Hardship Management
When a “Customer” is unable to make their due repayments or existing financial obligations due to unforeseen circumstances or unexpected events is described as a Financial Hardship.
During such situations majority of the lenders are supporting their customer to overcome these challenges. However every lender will have their own internal processes and procedures when identifying and making decisions on providing assistant with financial difficulties.
Digital Solutions makes life easy
What all Lenders need in these times of crisis is a Digital solution that automates Hardship Workflows, manages High Impact Areas, Notifications, Correspondence, Promises to Pay, supporting documents and much more, to handle day to day Debt Management, but also scale from a Bushfire to a Pandemic!