RevSource Solutions, the nation’s leading personalized online payment solution company, today announced a 136 percent increase in revenue compared to the same period last year. The volume of transactions processed increased 156 percent over the same period. This growth is due to additional customers adopting a more effective online payment solution, as well as increased usage of current RevExpress customers. Using RevExpress, customers are experiencing an average increase of 348 percent in online payments attributing to increased operating efficiencies.
RevExpress is an innovative online payment solution for collection agencies, early-out, and self-pay receivables where clients see an increase in online payments and speed of payments compared to traditional payment portals. Payments are quick and easy because of the personalized, pre-populated websites where the average payment is made 13 days from the statement mailing date. RevExpress is so easy to use, 74% of end-users that logon make a payment.
“Benefits of RevExpress include accelerated and increased online payments enhancing efficiencies within collection agencies, resulting in higher profit margins,” commented Paul Smith, president at RevSource Solutions. “Integration with existing merchant account providers and letter vendors enables us to increase efficiencies for the agencies and reduce time consuming manual payment processing.”
Utilizing integrated strategic partners in multiple industries, RevSource Solutions has been able to introduce RevExpress to a wide variety of clients and offer more effective online payment solutions to a wider audience.
RevSource Solutions, LLC headquartered in Muncie, Indiana, develops innovative and efficient receivables management and revenue cycle enhancement solutions. Clients representing market sectors include Healthcare, Collection Agencies, Law Firms and Charitable Organizations. RevExpress utilizes secure, personalized websites to increase and accelerate revenue. The Company facilitates the management of payments, processing, remittance, e-mail confirmations, demographic data and insurance updates all in a single online solution.