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What is Trove?

Trove is a cloud-based platform focused on managing accounts receivable and credit control. It integrates smoothly with accounting software to keep invoices and payment information in sync while managing overdue accounts through automated reminders and statements sent directly from the user's email. By leveraging AI-driven workflows, Trove can interpret customer replies, generate responses, record promised payment dates, and schedule follow-ups efficiently. Additionally, the platform identifies missing purchase-order details and updates invoice records to ensure precision. Users can customize payment plans, impose late fees, and generate debtor reports, along with drafting proactive letters for businesses or legal representatives to send. Trove supports various integrations with accounting, email, CRM, and collaboration tools, with features that vary based on the chosen subscription plan. A highly intuitive web dashboard facilitates effective invoice follow-up and collaborative workflow management, while webhook events allow users to trigger external automation activities. This cutting-edge solution is specifically tailored for small to mid-sized businesses and finance teams that handle collections in-house, guaranteeing a more efficient approach to credit management and control. Furthermore, the platform's adaptability allows businesses to customize their credit control processes to better fit their unique operational needs.

What is Collections Management?

Collections Management streamlines workflows customized for each client, promoting the consolidation of accounts receivable alongside their contact details. This system allows for precise targeting of clients based on their outstanding balances, overdue accounts, and other relevant metrics, while also highlighting invoices that are due for payment. In addition, it provides a mechanism for monitoring customer interactions and the follow-up actions that are required. Presently, approximately 3,200 clients are making use of Collections Management, and we often discover that these customers share similar hurdles in the debt collection process. Common challenges include clients failing to meet payment deadlines, the arduous task of chasing after overdue debts, and the overarching strain of collection management. By tackling these prevalent issues, Collections Management aims to refine your collections processes, allowing you to dedicate less time to administrative duties and more time to improving your business's cash flow. In this article, we will identify the key challenges faced by clients and illustrate how Collections Management can provide effective solutions to these problems, ultimately enhancing operational efficiency and financial health.

Media

Media

Integrations Supported

Creditsafe
FreeAgent
Gmail
HubSpot CRM
Microsoft Dynamics 365 Business Central
Microsoft Outlook
Microsoft Teams
NetSuite
QuickBooks Online
Slack
Stripe
Xero

Integrations Supported

Microsoft Dynamics 365
Microsoft Dynamics GP

API Availability

API Availability

Pricing Information

£50/month
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Trove Data

Date Founded

2025

Company Location

United Kingdom

Company Website

trove.works/

Company Facts

Organization Name

Professional Advantage

Date Founded

1989

Company Location

United States

Company Website

www.professionaladvantage.com/products/collections-management

Categories and Features

Accounts Receivable

Not specified

Categories and Features

Accounts Receivable

Collections Management
Online Payment Processing
Recurring Billing

AR Automation

Not specified

Billing and Invoicing

Contact Database
Multi-Currency

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