Make the process of Debt Recovery a breeze with Legodesk


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For banks, managing legal operations can be a time-consuming and challenging process. From tracking legal disputes and managing contracts to ensuring regulatory compliance, many factors must be considered. Legodesk is an innovative solution that simplifies the process of automating collections, enabling banks to streamline their operations, improve compliance, and reduce costs.

Automated Debt Recovery Solutions | Legodesk

Welcome to Legodesk, your trusted partner for streamlined and automated debt recovery solutions in India. With a commitment to excellence and a deep understanding of the intricacies involved in debt recovery, Legodesk offers comprehensive services tailored to assist banks in efficiently retrieving outstanding debts. 

Our cutting-edge technologies are meticulously designed to simplify and accelerate the debt recovery process, ensuring optimal results for our valued clients.

About Legodesk’s Debt Recovery Solutions

At Legodesk, we recognize the multifaceted challenges encountered in debt recovery endeavors, particularly within the dynamic landscape of the banking sector. Our automated debt recovery solutions are meticulously crafted to address these challenges effectively.

Why to choose Legodesk?

1. Automated Notice Generation: Leveraging advanced systems, Legodesk facilitates prompt communication with debtors through automated notice generation. This ensures swift and consistent correspondence, expediting the debt recovery process with efficiency and precision.

2. Lender Profiling: Our sophisticated lender profiling tools empower banks with valuable insights into the risk associated with each debtor. By facilitating informed decision-making, we enable our clients to adopt strategic approaches tailored to the unique characteristics of each case.

3. Seamless Integration: Legodesk’s solutions seamlessly integrate with your existing systems, eliminating compatibility issues and minimizing disruption to your operations. This seamless integration fosters a cohesive and streamlined workflow, enhancing overall efficiency and effectiveness in debt recovery endeavors.

Benefits of Legodesk

Automated Notice Generation & Sending

Legodesk provides a streamlined solution for managing legal operations, saving banks valuable time and resources by enabling legal notice automation.  Banks can now just upload the list of defaulters into the Legodesk platform, and everything from notice generation to delivery can be automated.

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Improved Lender Profiling

Legodesk is designed to help banks meet regulatory requirements and maintain compliance by providing them with a 360-degree of customer profiles. Banks can minimize the risk of bad loans and risky lending with advanced profiling. 

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Increased Cost Savings

Legodek enables banks to reduce costs and optimize their resources by streamlining legal operations and improving compliance. With automated workflows, real-time collaboration, and centralized document management, banks can minimize the need for manual labor and reduce operational costs.

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Seamless Integration

Legodesk seamlessly integrates with existing bank systems, enabling banks to leverage their existing technology investments and maximize their ROI. The user-friendly platform requires no specialized training, making it easy for banks to adopt and implement.

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KNOW MORE ABOUT LEGODESK

How does it work?

Legodesk is a cloud-based legal debt management platform designed to be user-friendly and easy to implement. Our platform seamlessly integrates with existing bank systems and requires no specialized training adding a layer of technology that drills down on debt recovery proceedings. 

FAQ – Frequently Asked Questions

1. What is debt recovery?

Debt recovery entails the pursuit of outstanding debts owed by individuals or businesses through various legal teams and procedural measures aimed at securing the repayment of owed amounts.

In India, legal teams methods of debt recovery encompass filing cases in the Debt Recovery Tribunal (DRT), initiating insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), and pursuing civil remedies available through the courts.

3. What laws govern debt recovery in India?

Debt Recovery Laws in India are primarily governed by key legislations such as the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, the Insolvency and Bankruptcy Code (IBC), and the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act.

4. What are the responsibilities of bill collectors?

Bill collectors are tasked with communicating with debtors, negotiating payment plans, and ensuring adherence to debt repayment agreements while upholding ethical standards and legal teams guidelines.

5. What are the rights and responsibilities of creditors and debtors in debt recovery?

Creditors possess the right to pursue the recovery of owed debts, while debtors bear the responsibility of fulfilling their financial obligations. Both parties are obligated to abide by legal teams and contractual terms throughout the debt recovery process.

6. What are the challenges and best practices in debt recovery?

Challenges in debt recovery include locating debtors, navigating economic uncertainties, and managing legal teams complexities. Best practices involve meticulous documentation, effective communication, and the strategic utilization of technology to enhance efficiency.

7. What is the debt recovery procedure?

The debt recovery procedure typically involves issuing notices, engaging in negotiations, pursuing legal teams action (if necessary), and enforcing security interests. 

8. How to automate the debt recovery process?

Automating the debt recovery process entails the utilization of advanced software and technologies to facilitate automated notice generation, debtor profiling, and seamless system integration. Legodesk specializes in providing tailored automated solutions to optimize debt recovery efforts effectively.

Contact Us

Explore Legodesk’s automated debt recovery strategies to streamline your processes and enhance your success in recovering outstanding debts. Partner with us to navigate the complexities of debt recovery with confidence and efficiency.

Contact us to learn more about how Legodesk can revolutionize your debt recovery initiatives.


Our Customers Say

Legodesk has revolutionized the way we manage debt collections. The platform has enabled us to maintain a stronger bottom line by aiding in recovery while improving our time and cost efficiency.

– Collections Head, Regional Rural Bank