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Collection Technology

The accounts receivable management industry relies heavily on technology to streamline processes and make operations more efficient. From complex communication technology like predictive dialers to cutting edge scoring and analytics, debt collection professionals use a host of progressive software and hardware solutions.

Integration has become very important with collection technologies. Many vendors are partnering with providers of different services so that their technology will “talk” to each other. For example, collection software providers are now sure to reach out to dialer vendors, makers of analytics suites, skip tracing providers and letter shops so that all services can be used in a single interface.

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Latest Ontario Systems Whitepaper Examines Issues Around Self-Pay Revenue

According to Healthcare Finance News, more than half of provider bills don’t get paid. And for every dollar billed to patients, providers have historically failed to collect 65 cents. Providers are experts at managing insurance reimbursement, but collecting self-pay dollars is a different story. With the average annual deductible for covered workers increasing 255% since 2006 and projected […]

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Announcing Data Signals, LLC Announcing an Exciting New Analytics Company in Jacksonville

JACKSONVILLE, Fla. - Data Signals is a new analytics company founded in 2016 and based out of Jacksonville, Florida. Founded by Jacksonville entrepreneur John Schanck, Data Signals is a big data & analytics company that is solving business challenges for our clients by utilizing our client’s offline first party data along with our new data technologies and […]

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Free Webinar: Effective Design Trends to Improve Consumer Response

WIXOM, Mich., – RevSpring’s next free webinar, which will take place on July 21 at 2 p.m. EST, will outline today’s design trends and principles to maximize revenue opportunities. “Effective Graphic Design for Results” will explore the following: Adapting to Changing Consumer Expectations Maximizing Design Tools to Ensure Response Impact of Quality Graphic Design Relevant Communication […]

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Online Payment Services will Encourage Timely and More Frequent Payments

All businesses, especially those in Accounts Receivables Management, such as Medical Billing or Consumer Payments, have challenges in collecting payments; however, there are tools available that could help lessen the impact of loss due to these challenges. Businesses need to study these tools and consumer payment trends in order to assess if they are utilizing the best technology available to increase revenue and mitigate loss.

Debt Buyer PRA Group Acquires Payment Portal eGov Systems

NORFOLK, Va., — PRA Group, Inc.  (PRAA), announced that it has acquired eGov Systems, a provider of web-based payment portals and integrated revenue administration solutions for the government sector. The transaction will allow PRA’s government business to develop and maintain scalable online payment portals, as well as enhance its ability to expand its services and […]

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RevSpring Ensures Ongoing Security with SOC 2 Type 2 Renewal

WIXOM, Mich. – RevSpring continues to maintain its commitment to security and compliance by successfully meeting the necessary criteria to complete the AT 101 SOC 2 Type 2 audit under the American Institute of Certified Public Accountants (AICPA) guidelines. Benefits of completing SOC 2 include: Ensuring best practices with regard to security controls and established procedures […]

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Neustar Announces Intention to Separate into Two Independent Publicly Traded Companies

Last week Neustar, Inc. (NYSE:NSR) announced that it will separate into two independent and publicly traded companies. One company will consist of the majority of Neustar’s Information Services, while the other will focus on providing Order Management & Numbering Services, including NPAC (Number Portability Administration Center).  Lisa Hook, currently President and Chief Executive Officer of […]