India’s Best Insolvency Management & Bankruptcy Management Software For Resolutions Professionals

When it comes to Insolvency management software for insolvency experts & professionals, look for one that can streamline the process and prepare a bankruptcy related forms, & notices. There are plenty of tools for insolvency and bankruptcy management out there in UK, USA & other parts of the world, but none of them are made for Indian Insolvency & Bankruptcy Code 2016 for the Indian Resolution Professionals.

For the Indian Resolution Professionals, make sure the software you are purchasing has been designed dedicatedly for the use by insolvency practitioners & also, follows Indias Insolvency & Bankruptcy Code, It’s timeline & it’s defined processes. Before you make the purchase, there are many other things to consider, such as:

• Make sure it is built for IBBI empanelled Resolution Professionals
• Must provide complete security and transparency
• Should be synced with industry trends constantly
• Ensure it can prepare and file bankruptcy forms

Software that non-Resolution Professional can also use are certainly not something you want. Solvemint is a complete suite of software that has been designed for the insolvency resolution professionals in India and follows IBC 2016 & it’s guidelines. It serves as the one-stop insolvency solution that could prove very effective in saving time and effort while maintaining the AFA (Authorization-For-Assignment) of extending it further. We’ve listed down the insolvency challenges Solvemint can help you with:

1. Stakeholders Management

Solvemint has been developed for the Insolvency and Bankruptcy Board of India empanelled Resolution Professionals. The web-based tool helps in managing the entire process of insolvency resolution. It functions in crucial areas such as communications, claims, records, bids, e-auction, and e-voting. As a resolution specialist, you can maintain your relationships with investors, shareholders, and other key stakeholders as well using one single dashboard.

2. Claims & EOI Management

Solvemint enables you to manage hundreds & thousands of claims and Expression of Interests (EOI) via dashboard. It offers dashboard for both RP & their team members along with Claimant as well as representatives who are submitting EOI & Resolution Plans. Each claim is vitally important to a resolution professional and takes multiple rounds of communication. The tool guides you through multiple stages of bankruptcy in case there are multiples claims by multiple creditors. It is very efficient with everything necessary to manage complicated claims and EOI’s.

3. Status Page, Reporting & Analytics

It lets the various parties get all the necessary details in one smart view. Most importantly, it produces powerful analytics reports to update the Insolvency and Bankruptcy Board of India every month. This helps you in filing all IBBI compliances on time to maintain your AFA without any additional cost to you. The tool keeps resolution professionals well synced with industry trends as well.

Solvemint helps you maintain a well-structured record that is easy to locate in the dashboard. It brings security, privacy & transparency, all inside a user-friendly dashboard for the insolvency professionals practicing in India. Below are some of the key features to try and test in the free demo version of the tool:

• Effective communication with bulk emailers & SMS notifications
• Automatic IBC Timeline Reminders
• Automatic Countdown Timers For Claims Review & EOI deadlines
• Automatic notice generation and weekly reporting for IBBI Compliance
• Manages all the stakeholders, assets and office sites
• A simple web-based interface and reply to each claim or EOI
• Gives powerful analytics about the processes
• Collaborative teamwork on single dashboard (Add multiple team members in each project)
• Team performance reporting & work analysis

Corporate Insolvency Resolution Process (CIRP) is the legal framework in India under the Insolvency & Bankruptcy Code 2016. Initiated by the NCLT, it aims to resolve corporate insolvency in a time-efficient manner. Solvemint complies with the Insolvency Law and the Insolvency and Bankruptcy Code as well.