THE DEBT MANAGEMENT AND MONITORING SYSTEM(DMMS)

DMMS Is a computer Program meant for debt recovery institutions and banks. It is also very useful for auctioneers and law firms dealing in debt recovery as a major component as well.

Areas  covered:

Management of debtors

Debtors are allocated accounts, and their loan amounts registered against these accounts.

Capturing and allocation of auctioneers

Auctioneers appointed for debt recovery are registered into the system, and are allocated to various debtors for enforcing recovery

Allocation of lawyers to marketing officers

The auctioneers are also placed under supervision of  officers(marketing officers) within the debt recovery institution for monitoring their performance and reporting on them

Capturing and allocation of lawyers

Lawyers appointed for debt recovery are registered into the system, and are allocated to various debtors for enforcing recovery

Allocation of lawyers to legal officers

The lawyers are also placed under supervision of  legal officers within the debt recovery institution for monitoring their performance and reporting on them

Lawyers are important when it comes to legal battles in courts between debtors and the recovery institution, whereas marketing officers are important for purposes of  putting property on market for sale as a means of forced recovery.

Reports

DMMS has many reports:

Daily lawyers/auctioneers monitoring reports

Daily performance reports, showing recovery trends on a per debtor basis

Daily sales reports, assets on the market, defaulters lists , waivers granted etc

Summaries of cases in courts, foreclosure cases, etc