Aryza, expert developers of software solutions for the insolvency, credit and debt recovery sectors, has today announced the launch of its next generation insolvency software, Aryza Insolvency.

Driving efficiency and streamlining every stage of the customer journey, the new Aryza software builds on the firm’s experience of developing specialist systems and following industry best practice, to deliver a truly end-to-end solution.

The user-friendly portal provides consumers with access to an intuitive dashboard, designed to help them easily access the support they need, as well as supporting Insolvency Practitioners (IPs) to find the best route for the customer via a fully automated process, saving significant time and money.               

Via the ‘self-serve’ portal, consumers can gather the required documents and data at a time to suit them. Once the fact find is complete, the system offers built in packs prepared to industry standards, such as the IVA Protocol, to then assist IPs with drafting the required IVA Proposal.

Once the insolvency case is set-up, the system handles the ongoing management of the insolvency case, including payment processing and distribution.

Having witnessed significant global expansion over recent years – now operating across EMEA, APAC and North America and Canada, Aryza’s latest product can be easily adapted to the regional requirements and local legislation of each area.                                                                   

Robert Doherty, Global Head of Insolvency at Aryza said: 

“We are excited to announce the launch of Aryza Insolvency. With over 20 years’ experience in the insolvency and debt management sectors, and one of the pioneers of introducing automation to the sector, we believe that this will have a hugely powerful impact on the industry. 

“Now with over 60% of monthly appointments in the UK personal insolvency sector managed by Aryza Insolvency software, we are well placed to introduce the next generation of software, able to provide end-to-end automation of the insolvency and debt management process. 

“The powerful tool has been designed to help IPs overcome the challenges of managing customers from acquisition and onboarding, through data collection, advice and management, and the accurate recording of financial transactions. Each of these key steps are all taken care of within the secure, compliant and reliable platform and we are confident that the tool serves all stakeholders in the insolvency process.”