Turn AR into revenue
Claim your share of the $9 billion opportunity awaiting community association management companies.
Resolve AR while you focus on other priorities.
Nationally, community associations are reportedly carrying a collective $9 billion in delinquencies and collection costs. A significant portion of that is legal fees. Of course, the labor and time it takes to monitor delinquencies and work with collectors has, to date, presented a challenge to busy accounts receivables teams.
We believe that 90% of delinquencies can be resolved without management labor or legal action by leveraging data science and generative AI.
Brent Bassett, an attorney and technologist, was at the forefront of workflow technologies that helped law firms during the recession of 2008. Brent is now bringing his experience to the community association industry.
“The parallels to the banking industry are obvious,” says Bassett. “What was a cottage industry prior to 2008 quickly evolved into a sophisticated and highly efficient network that could manage massive volumes of data and processes at a fraction of the cost. The community association industry is poised to do the same.”
How TechCollect Brings AI to AR
Communities are under pressure to show that legal action is an option of last resort for delinquencies, and state regulations are slowing the collection process to ensure owners have more time to resolve delinquencies with their managers.
TechCollect meets your due-diligence requirements with zero labor and direct integration. Through our extensive data analytics capabilities, we deploy artificial intelligence and algorithms to generate unique collection reports and the “one best way” to recover each debt from each unique debtor.
Take the guesswork out of collections. While you’re at, take out the time, labor and administrative headaches, too.
Our system automatically executes all of the communications in the “one best way roadmap” of recommended actions and dynamically updates a timeline of completed actions and responses, including payments, which can be submitted by credit card, ACH, Venmo, PayPal, CashApp, Apple Pay, and Google Pay.
Start your free trial today.
We believe so much in the power of our solution that we’re wiling to give it away for free – at least for a little while. Our free trial provides full access to TechCollect for up to ten communities, so you can experience firsthand the transformative power of generative AI into your AR.
Try it, see the revenue it brings, and keep the revenue after the trial – even if you don’t move forward with us. What do you have to lose, other than the hassle of collecting debts?
