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Lexop Reviews & Product Details

Lexop Overview

What is Lexop?

Lexop, an Eltropy Company, is a leading digital payment and collection software solution that empowers members to self-cure their late bills. With advanced automation capabilities, data analytics, and an intuitive payment portal, we streamline the entire collection process, making it more efficient and cost-effective than traditional methods. Discover how Lexop and Eltropy are empowering members and redefining collections at www.eltropy.com/lexop

Lexop Details
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Product Description

Lexop is a customer experience platform (CXP) specialized in the retention of past-due customers through digital yet humane collections. We’ve transformed how businesses engage with their past-due customers. Our humanized approach ensures increased debt recovery and a significant ROI while offering an empathetic past-due experience unlike any other. Our white-label SaaS solution is quick to implement, easy to use, and scales to fit your needs. It offers the benefits of personalized outreach at scale while affording consumers the flexibility to choose the payment scheme that best suits their situation. With Lexop, you can automate the recovery of past-due accounts in a faster, better, and more cost-efficient way: -Reach and engage past-due customers with digital reminders. -Increase debt recovery rates and improve cash flow. -Automate and scale the entire collection process. -Integrate with your existing payment gateways. -Simplify the collection process for both agents and debtors. -Maintain a positive relationship with debtors and improve retention. -Reduce Days Sales Outstanding (DSO)

How do you position yourself against your competitors?

Lexop has a proven track record of creating a best-in-class customer experience throughout the collections process. Our clients benefit from increased self-cure rates, significant write-off reduction, and improved customer engagement and retention. Our white-label software easily integrates with your existing financial systems and supercharges the productivity of your existing recovery and collections teams. You can see the results in real-time with our integrated dashboards and reports.


Seller Details
Seller
Lexop
Company Website
Year Founded
2016
HQ Location
Montreal, Quebec
LinkedIn® Page
www.linkedin.com
22 employees on LinkedIn®
Description

Lexop is a technology company that specializes in automating the debt collection process for businesses. Their platform streamlines communication between companies and their customers, facilitating efficient payment collection through user-friendly digital solutions. By leveraging data-driven insights and advanced automation, Lexop aims to enhance the customer experience while improving recovery rates for its clients. For more information, visit their website at [lexop.com](https://lexop.com/).


Laura C.
LC
Overview Provided by:

Recent Lexop Reviews

Cynthia M.
CM
Cynthia M.Small-Business (50 or fewer emp.)
5.0 out of 5
"Very engaging and informative"
Lexop gives our members the opportunity to make a payment after our office hours. And it's easy for our members of any age to use.
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Lexop enhances our collection efforts."
Lexop is an extremely user-friendly platform designed to streamline the collections process, making it easier to manage past-due accounts. It offer...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Good experience, friendly team"
Lexop has been a great platform we introduced to our workplace. It has helped us stay more efficient with contacting our cliens and able to send ou...
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Lexop Media

Lexop Demo - Automate: Simplify and Optimize Collections
Lexop streamlines your operations by reducing manual efforts, accelerating revenue recovery, optimizing resource allocation, and enabling seamless scalability without compromising performance.
Lexop Demo - Engage: Empathy-Driven Connections
Lexop provides an empathetic way to connect with past-due members, leading to a better experience and increased repayment rates. We focus on digital communication, personalized messages, and self-service options, all to meet members' needs and build stronger relationships.
Lexop Demo - Collect: Payments Made Easy
Lexop seamlessly integrates with existing finance systems while supporting diverse payment methods to enhance the member payment experience and drive significant bottom-line improvements.
Lexop Demo - Analyze: Data-Driven Decision Making
Lexop provides real-time analytics for detailed payment insights and offers customizable reports and dashboards to help you improve your collections strategies and decision-making, ultimately leading to better results.
Play Lexop Video
Play Lexop Video

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15 Lexop Reviews

4.7 out of 5
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15 Lexop Reviews
4.7 out of 5
15 Lexop Reviews
4.7 out of 5

Lexop Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for LexopQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Cynthia M.
CM
Collections Officer
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
What do you like best about Lexop?

Lexop gives our members the opportunity to make a payment after our office hours.

And it's easy for our members of any age to use. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

There's no innergration system with our core system. (I'm not too sure if that's a sharetec problem though) Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

We are continuing to collect from our members even after our office hours.

Text messages and emails are being sent automatically so we no longer have to send them out (as often). We can view who has received and opened the messages/emails which gives us something to fall back on Review collected by and hosted on G2.com.

Verified User in Banking
AB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

Lexop is an extremely user-friendly platform designed to streamline the collections process, making it easier to manage past-due accounts. It offers a wealth of information and has proven highly effective for debtors, significantly improving collection rates. The platform’s intuitive interface and comprehensive features have greatly enhanced our ability to send campaigns and collect payments on a weekly and daily basis. One standout feature is the two-way SMS, which has been invaluable in facilitating communication. Additionally, the support staff at Lexop is outstanding—always willing to train our team and patient with our inquiries. Overall, Lexop has been an essential tool in our collections workflow. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

The only bad experience we had was the implementatrion time it took to launch our program. However, that was solved. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Lexop enables seamless communication with members through email and SMS, allowing them to make payments or respond outside business hours, catering to those who prefer online transactions over speaking to a human, and effectively reaching members we previously couldn't. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Thank you so much for sharing your Lexop experience! We’re thrilled to hear that Lexop has made such a positive impact on your collections process.

Verified User in Financial Services
UF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Lexop?

Lexop has been a great platform we introduced to our workplace. It has helped us stay more efficient with contacting our cliens and able to send out our campaigns with ease.Integrating the platform was super simple with the help of their friendly team. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

The only area of improvement would be the abillity to customize your experience yourself and not have to go through with their team in order to make changes. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Lexop has been helping us become more effficient at reaching out to our clients and saving time rather than doing it manually. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Thank you for sharing your experience with Lexop! We're pleased to hear that our platform has helped improve your efficiency in contacting clients. Our team is currently working on updates to give you more control and flexibility, making your experience even better. Stay tuned!

RB
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

The upside to using LEXOP is the amount of payment it drives in. If customers don't actually use the payment portal provided, the reminder its self drives in the payment from the tradional payment method. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

The only downsides discovered using LEXOP are already on the company roadmap to adress or have been adressed to our satisfaction. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Driving in payments. Make the payment method easy and convient that customers continue to follow that method. This has the waterfall effect on lowering payments and bad debt Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

It's great to hear that Lexop is helping to drive in payments. We appreciate your feedback and are committed to continuously improving our platform to provide value to our users.

JJ
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

The entire system is very user friendly, onboarding experience was top notch and the customer support is very diligent. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

Nothing major so far everything is great Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

They helped us improve our collections performance Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

We're thrilled to hear that you found our software user-friendly and had a great onboarding experience. Our customer support team works diligently to provide the best service possible. Thank you for your feedback!

LG
Analyst
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

What I enjoy the most is being able to reach a vast quantity of client segments through dynamic campaigns quickly. The client engagement statistics are in real-time. Based on the data, I can adjust risk strategies. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

Lexop offers multiple features. However, a company that clings to archaic back-end systems might have difficulty making full use of all features. Lexop does offer workaround solutions and ideas. These ideas do require a paradigm shift and upper management buy-in. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Lexop allows us to collect quickly and effectively outstanding debts due to oversight or outdated payment information. It empowers our workforce to focus afterwards on customers that need assistance and expertise. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Hello! That's a very interesting point, and we can definitely agree on this, and we are always here to help anyone and everyone with this shift. If there is anything we can assist with regarding more efficient platform utilization, best practices, or tips and tricks, please don't hesitate to let us know. And we'll most certainly bring this up during our next touchpoint.

MS
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

User-friendly platform, our customers are satisfied, it is astonishing that you can track your email, and Reports are practical; the companies are easy to follow. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

There is still room for improvement in terms of the contact list to make it more functional, Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Now is much easier for customers to make arrangements; they can choose their payment preferences by themselves; I am happier because a part of my debt collection is authomatic. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Thank you, Mehrdad! We are definitely going to work on this, and we'd love to get your direct feedback on what you would like to see improve.

MS
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

Lexop offers an easy and effective solution allowing us to reach our customers via email while providing them with a secure payment platform. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

Like any software, we sometimes experience technological issues, but the Lexop team quickly takes charge and fixes any problems. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Lexop is a turnkey solution allowing us to adapt our messages to our customers with an integrated payment solution.

We can then work more efficiently. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Hello! We're so glad to hear about your great experience working with our Customer Support team. As always, please reach out if you need assistance - we're here to help. Thanks again for being a Lexop user!

SS
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

The Lexop team is very quick and efficient. The setup was relatively simple. The technology is flexible enough to cover almost all of our collections requirements. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

There are no significant downsides to the technology. Suggested improvements are always taken into consideration. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

Eliminating the need for email communications. We can reach more clients and have better status reports and analytics on behaviour. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Hello! We always welcome suggestions for better performance and new features, so please keep them coming. Thanks again for being a Lexop user!

SD
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Lexop?

The support from the guys is out of this world, always available to help their customers. Review collected by and hosted on G2.com.

What do you dislike about Lexop?

The implementation requires some technical knowledge that I don't have, I needed the help of IT people in my organization to help me. Review collected by and hosted on G2.com.

What problems is Lexop solving and how is that benefiting you?

The Lexop solution help us with our PCI compliant as well as with our collection. Review collected by and hosted on G2.com.

Response from Laura Chambers of Lexop

Thank you very much for your comments, Simon! We appreciate that specific steps in the implementation process engage the IT department, and we're always working to streamline this to ensure a smooth onboarding experience.