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Banking Core Updates
LexopFeb 28, 2024 10:21:44 AM2 min read

How to Strengthen Collections During Core Banking System Updates

As business needs evolve with a greater need for operational efficiency and service enhancement, it’s clear that upgrading core banking systems is on the roadmap for many credit unions this year. While it might seem counterintuitive to introduce another tech solution into your operations during an upgrade, with Lexop’s collection software, you can get up and running quickly with our fast onboarding and simple implementation process. 

Even if your credit union is in the thick of these system updates or just starting to plan for them, bringing Lexop into your toolkit now is a smart investment. It ensures that your collections operations keep pace and excel, seamlessly bridging any gaps that system overhauls might introduce.

Why Now is the Right Time to Upgrade Your Collections Process:


  • Seamless Integration: Our software is engineered for easy integration with a wide range of banking systems. This means we can work alongside your current or upcoming system without causing disruptions. Our team has extensive experience ensuring a smooth transition, making the process worry-free for you.
  • Parallel Implementation: We understand the importance of continuity in your operations. Lexop can be deployed in parallel with your existing setup, allowing you to leverage improved collection capabilities immediately. This dual-running phase ensures that you start benefiting from our solution right away, without waiting to complete your system updates.
  • Minimal Dependency: Our solution is designed to deliver value independently of your core banking system's current state. Many of Lexop’s features can be used to enhance your collections efforts immediately, offering flexibility during your transition period.
  • Improving Collection Efficiency: Delaying the implementation of Lexop could mean missing out on improved collection rates, enhanced customer communications, and significant operational cost reductions. Our solution will make an immediate impact, driving efficiencies and better financial outcomes from day one.
  • Support and Training: Transitioning to new software can seem daunting, but with Lexop, you’re not alone. Our dedicated team will provide comprehensive support and training, ensuring a seamless integration process and minimal impact on your team's workload. We're here to make this transition as smooth as possible.
  • Customization and Scalability: We understand that your needs are unique. Lexop offers customizable and scalable solutions that grow with you. Regardless of your system or operations changes, our software remains relevant, ensuring you always meet your collection goals.

While integrating a new digital solution amid core system updates might initially feel overwhelming, Lexop's collection software presents a unique opportunity to complement these updates and significantly improve your collections process.

Contact us for more information on how Lexop can transform your collections process, or view a demo. Together, we can redefine what's possible for your credit union and its members, paving the way for a more efficient, effective, and member-centric collections experience.




Lexop helps companies retain past-due customers by facilitating payment and empowering them to self-serve.