Persolvo Data Systems Joins ARMVend

Persolvo Data Systems, a leading provider of web-based settlement software and analytics tools designed to locate, identify and settle consumer accounts enrolled in debt settlement programs, announced today that it has joined ARMVend, the premier group purchasing organization in the accounts receivable management industry.

As a member of ARMVend, Persolvo Data Systems is offering other members of the ARMVend purchasing community who license Persolvo’s web-based settlement application a $20,000 billing credit good for the first 90 days of their licensing agreement. Additionally, Persolvo is offering members of ARMVend a complimentary one-time scrub of up to 100,000 accounts to help identify hidden liquidation value in debt portfolios.

Teresa Dodson, Persolvo’s COO, commented, “We are pleased to join the growing community of accounts receivable management companies in ARMVend, and are happy to provide members preferential discounts and special offers. ARMVend is a powerful concept that addresses a need in an already-highly connected community of ARM professionals and we look forward to working with the partner companies in this community to help uncover hidden liquidation opportunities by identifying debt settlement accounts in their collection portfolios.”

Phillip Duff, CEO and President of ARMVend LLC, commented, “We are pleased to have Persolvo Data Systems join the community of ARM professionals already enjoying the benefits and discounts provided through ARMVend. Persolvo’s unique technology and generous member discounts will deliver a strong value to our existing members and encourage other ARM companies to join our growing community.”

CONCERTO 3.0 from Persolvo Data Systems is the first patent-pending system to aggregate account information on debtors enrolled in debt relief programs with leading debt settlement companies and law firms. Persolvo’s web-based PCI-compliant settlement application allows creditors and collectors to locate debtors, analyze their account information to uncover highly-liquid settlement opportunities, and settle large numbers of accounts online with hundreds of debt settlement companies. The Persolvo system is the largest database of aggregated debt settlement accounts available today and provides the most accurate and up-to-date information, including the settlement savings balances of debtors enrolled in debt settlement programs.

Persolvo: Latin Verb – to unloose, explain, expound/pay off a debt, pay.

ARMVend LLC is a group purchasing organization composed of ARM (Account Receivables Management) companies that are looking to reduce vendor costs by using “group purchase power.” The power of the membership allows ARMVend to negotiate with ARM vendors for reduced rates and special vendor pricing for its members while providing sales cost savings to the ARM vendors allowing both organizations to reduce costs. ARMVend represents an array of the highest-quality ARM vendors available from around the world.