eFunds Selects Columbia Ultimate?s The Collector System® to Optimize Receivables Management

VANCOUVER, WA ? Columbia Ultimate, the industry expert in providing software and integrated solutions for collecting money, today announced that eFunds Corporation has selected Columbia Ultimate?s flagship product, The Collector System, to help automate its receivable management services. eFunds is a leading provider of risk management, electronic payments and global outsourcing solutions.

The Collector System is an industry standard collections tracking and management system that simplifies and automates tasks to make the collections process easier and faster. eFunds will deploy The Collector System to expand its in-house collections services while streamlining processes and increasing productivity for first and third party collections and recovery services for its customers in the financial services, retail and telecom markets.

?eFunds understands the intricacies of account receivables management and believes The Collector System will enable us to further optimize our customers? receivables management business,? said Atul Kunwar, Senior Vice President, Global Outsourcing Solutions, eFunds. ?The Collector System provides functionality to automate follow-up processes for past due receivables, which is unique among the financial software packages available in the market today. This functionality can result in improved profitability and success for our clients.?

The Collector System is a comprehensive and cost-effective collections system that is flexible and customizable to meet the needs of any organization. The product features automated work queue generation, detailed management reports, seamless data integration and easy templates for customized correspondence. These powerful features simplify collections tracking and management, enabling collectors to use 25 to 30 percent fewer keystrokes per accounts worked? increasing productivity and profitability.

?The $135 billion debt collection industry is growing not only in revenues, but also in importance as a provider of outsourced business services,? said Keith Cupp, vice president of sales and marketing, Columbia Ultimate. ?We are pleased to provide The Collector System to support and enhance eFunds? mission critical outsourcing services and solutions for receivables management to hundreds of companies worldwide.?