CEDAR FALLS, IA – Today, data company LocateSmarter announced the launch of its new bankruptcy and deceased products. These products are aimed at identifying individuals who have either passed away and/or filed for bankruptcy – two things that may prevent the repayment of debts owed or require special treatment in a collections environment.
Bankruptcy filings and deceased records can have a monetary effect on businesses when not identified or properly treated. Contacting a bankrupt or deceased individual could result in a consumer complaint and violation of the Fair Debt Collection Practices Act. Conversely, if an account is falsely identified, the business could miss a revenue opportunity and misallocate resources.
LocateSmarter President, Chad Benson, commented, “At LocateSmarter, we pride ourselves on providing the most accurate and high-quality products. To ensure our customers receive the best possible data, our bankruptcy records are validated and standardized, and our deceased flags are matched using a social security number. Our products will help reduce the number of false positives and false negatives returned to our customers.”
LocateSmarter customers can choose between multiple bankruptcy and deceased packages. The deceased product will include flags and monitoring; the bankruptcy product will include flags, custom reports and monitoring.
In addition to the bankruptcy and deceased products, LocateSmarter will also roll out a new workflow tool. This tool will allow LocateSmarter users to easily customize their account workflow when selecting bankruptcy scrubs, deceased scrubs, phone append and cell phone scrubs.
“The introduction of our new workflow tool within the LocateSmarter platform brings the ultimate flexibility to the hands of our customers,” said Benson. “We want to enable and empower organizations – large and small. Through this tool, our clients will be able to optimize their business processes to maximize their quality, compliance and return on investment.”
The bankruptcy and deceased products and the workflow tool will be availableDecember 16. Expect LocateSmarter to bring multiple products to market in 2016. For more information on LocateSmarter’s new products, please call 888-254-5501 or visit www.locatesmarter.com.
LocateSmarter, LLC., a subsidiary of CBE Companies, was formed in 2012 with a mission to deliver next generation, cloud-based skip trace solutions for accounts receivable management and collection purposes. The company developed an online application focused on providing quality consumer data.
LocateSmarter’s key values include:
- Increasing regulatory compliance and operational efficiency by focusing on data quality
- Providing measurable data so businesses can make educated decisions about their skip tracing strategies
- Streamlining the data testing and onboarding process with a patented online platform
Interested data partners are advised to contact LocateSmarter at 866-912-1314 or firstname.lastname@example.org.