BURLINGTON, Mass. (June 19, 2025) – Finvi, a leading provider of enterprise workflow automation software built to accelerate revenue recovery and simplify the debtor payment process, announced that a recent release of its SaaS-based Velosidy® collections and payments platform has provided agencies with enhanced capabilities thataddress the intricacies associated with the legal elements of debt collections.
“Specific processes must be followed once collection agencies initiate legal proceedings on delinquent accounts,” said Jay Garmon, Finvi’s Vice President, Product Management. “Velosidy automates and streamlines these processes, and through its modern architecture, offers meticulous tracking of each step to help agencies staycompliant throughout the legal portion of the recovery process. With each new capability, we continue to embed artificial intelligence into the platform – helping clients surface risks faster, adapt workflows dynamically, and reduce human error in high-stakes environments like legal collections.”
Velosidy’s legal capabilities automate court filings, track statutes of limitations, and enhance compliance — all while reducing the manual work previously required to navigate this aspect of debt collection. In doing so, the platformalso acts to mitigate risk in this heavily regulated arena. Further, Velosidy’s legal capabilities enable agencies to lower legal processing costs and reach a faster time to judgment through:
- Automated legal workflows that ensure consistent processes and meet regulatory requirements and legal deadlines
- A seamless transition from collection efforts to legal action
- Actionable reporting that provides detailed summaries of collection efforts to ensure agents follow compliance procedures at every point within the collections process
- A single system of record with a detailed history of communications, payments and actions taken throughout the revenue recovery process
Velosidy was released to the ARM market as Finvi’s next-generation collections platform in late 2024, designed tohelp agencies move beyond the limitations their legacy collections software placed on their business. The platformcontinues to gain momentum as clients join the ranks of Velosidy adopters and experience a decrease in their total cost of ownership, growth in their business, and a full modernization of their technology stack while reducing their cost to collect.
“Current, legacy collections solutions require extensive efforts just to keep pace with today’s business demands,” said Tim O’Brien, Finvi CEO. “This release reflects our continued commitment to Velosidy as the platform that will carry our clients – and the industry – into the future. It’s the latest example of how we’re creating a modern foundation on which agencies will be able to modernize, scale, and, ultimately, grow.
Finvi is hosting a client-exclusive webinar to showcase the Velosidy platform and its legal capabilities on June 24.To learn more about Velosidy and Finvi, visit finvi.com.
About Finvi
For 45 years, Finvi has been the premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, accounts receivable management, and financial institutions. Our innovative solutions are built on a dedicated approach to innovation and service. Through process automation and modern, compliance-minded communication and payment tools, Finvi enables thousands of clients to generate more revenue at reduced costs and fulfill their business goals by effectively engaging those who pay. Visit finvi.com
