Insolvency Practitioners (IPs) have long relied on the Debtsolv IVA software to efficiently manage and administer their clients’ Individual Voluntary Arrangements (IVAs). With the new update, Debtsolv IVA continues to step forward, making it even easier for IPs to create meetings, manage resolutions, and handle equalised dividends. Read on to learn about the impressive new features that this game-changing update brings to the table.
New Meeting Creation Feature
One of the new features in the latest update of Debtsolv IVA is the improved ‘Meeting Creation’ functionality. It’s now even easier to select from a range of your templates that cater to common creditors’ terms, significantly reducing the time spent on meeting setup.
Moreover, users can save new combinations as additional templates, making it easy to reuse them for future meetings. This feature allows IPs to streamline the meeting creation process, making it more efficient and tailored to their needs.
Improved Chairman’s Notes Area
A key component of the IVA process is the communication of a client’s product journey. With the updated Chairman’s notes area, IPs can now add pre-written snippets of text, which can be combined and tweaked to quickly and accurately explain the client files position. This enhancement not only saves time but also ensures consistency and clarity in the communication with creditors.
Enhanced Equalised Dividends
Managing the distribution of equalised dividends to clients can be a complex and time-consuming task. The latest update to Debtsolv IVA simplifies this process by enhancing the rules that govern the handling of equalised dividends. Now, more clients can be included as ‘normal payouts,’ allowing IPs to complete the entire process in just a few clicks. This fully automated feature saves time and reduces the chances of errors, ensuring creditors receive accurate payouts.
Smaller Improvements and Release Notes
The latest Debtsolv IVA update also includes numerous smaller improvements that enhance the overall user experience. While these improvements might not be as prominent as the major features, they still contribute to the software’s efficiency and effectiveness. Be sure to check out the release notes for a full breakdown of all the enhancements and refinements that the update brings.
Debtsolv IVA’s latest update reaffirms its position as the go-to software for Insolvency Practitioners. The new features make it easier than ever to administer IVAs, saving IPs valuable time and ensuring a high level of accuracy and consistency in their work. If you’re an Insolvency Practitioner, there’s never been a better time to start using Debtsolv IVA and experience the benefits that this powerful and user-friendly software has to offer.
