MBSi Smart Invoicing Product Addresses Repossession Agency Invoicing and Fee Challenges

Company’s Latest Product Release Improves Accuracy, Eliminates Manual Work and Streamlines Fee and Invoicing Processes

Medford, MA, March 31, 2025 – MBSi today introduces Smart Invoicing, designed in collaboration with agencies to solve structural industry invoicing challenges. Smart Invoicing automates, consolidates and simplifies fee processes to enable agencies to be compensated accurately and quickly. Smart Invoicing is the latest addition to MBSi’s industry-leading RecoveryConnect platform.

Repossession agencies have universally commented on the difficulty in capturing billable fees as one of their most challenging issues, regardless of their size or caseload. “From talking with agencies, we know complex fee structures, lack of staffing resources to effectively manage invoicing tasks, and missed fees due to high case volumes all contribute to the persistent and often labor-intensive challenge of managing invoicing and accurately tracking fees,” said Heather Ford, Senior Vice President of Product and Marketing, MBSi. “It usually adds up to significant lost revenue for agencies – in some cases, up to more than $400,000 a year.”

MBSi’s Smart Invoicing improves speed and efficiency, reduces errors, and drives significantly improved transparency. Agents can manage fees by creating contracts within RecoveryConnect for each client that reflect all fees and schedules. When a case is complete, Smart Invoicing automatically generates an invoice based on case events, which can be exported and sent directly to clients. The tool accommodates agencies of all sizes and can easily scale as a business grows to handle more clients, more complex contracts, and more invoicing data without added complexity.

“With stakeholders demanding transparency and accuracy in today’s competitive market, we are focused on developing advanced technologies and tools to help our clients build trust, maintain compliance, and reduce costs,” Ray Peloso, President, MBSi. “We are excited to continually invest heavily in research and development, remaining product-driven and customer-focused, while offering the most stable, scalable, and compliant solutions on the market.”

About MBSi

MBSi is a leading Software as a Service (SaaS) provider in the auto finance industry, specializing in creating real-time connections between lenders, forwarders, and recovery agencies. MBSi is committed to developing technology solutions that increase efficiency, security, and compliance, helping our clients streamline operations and minimize risk.

Our flagship product, RecoveryConnect, enables seamless assignment management between lenders and recovery agencies, while VendorConnect offers transparency and compliance oversight for third- and fourth-party vendors. At MBSi, we blend industry expertise with cutting-edge technology to drive innovation and results.

For more information on Smart Invoicing or other MBSi solutions, please visit www.mbsicorp.com