The best debt recovery strategy for banks and credit unions includes transition from an outdated manual debt tracking process to using proven, dynamic loan recovery software backed by a dedicated customer support team.  The best collection management software integrates with core banking systems to provide a comprehensive set of tools such as customized collector workflows and automated communication methods.  For example, CARM-Pro Collection and Asset Recovery Manager – Professional is scalable, on-premise or cloud based debt management software used by more than 1,200 financial institutions across the U.S. to enhance their collections and recovery efforts, grow bank income and lower costs through efficient use of resources.