eDebt, Inc., the leading eReceivables company specializing in using Web technology to facilitate the placement and sale of charged-off, sub-performing, and performing assets, announced today the launch of its eServices; outsource Recovery Services Management. Designed for creditors, and portfolio buyers, this capability was acquired from a leading transaction services provider.
?This unit enables us to offer multiple recovery management services to our clients? said Greg Shelton, President of eDebt, Inc. ?The integration of this service, combined with eDebt?s eRecovery software and our account receivable data enhancing services, allows us to leverage both technology and experience for a complete solution to maximize recoveries for our clients.?
eDebt?s Recovery Services Management division is comprised of a team of professionals with more than 65 years of agency management experience, and provides an outsource solution for creditors and debt buyers. Complementing eDebt?s eRecovery platform, RSM goes beyond the transfer of accounts to support all aspects of recovery strategy, account placement, and hands on agency management. RSM provides pre and post charge-off account compliance, work audits, performance reporting, agency audits, specialty account monitoring (bankruptcies, deceased, fraud, etc?), and facility reviews.
?This specialized service is for creditors and portfolio buyers seeking maximum net-back returns on their accounts receivable without expensive infrastructure investment,? said Shelton. ?With recovery management outsourcing options, portfolio managers can utilize seasoned industry veterans, as a focused flexible low cost alternative to growing infrastructure.
This solution is designed for organizations with or without a current recovery management capability, or an organization which is seeking additional capacity to augment an existing agency and account audit function. Within larger organizations, recovery management can also work as a contingency audit team, available quickly for special projects or situations.
?RSM provides experienced, on-site operational audits that enable companies of any size to leverage a team with a proven track record of success,? said Shelton. ?eDebt now provides its customers with a solution that improves liquation results, reduces costs, and increases cash flow.
About eDebt
eDebt, Inc. is the leading eReceivables company specializing in using Web technology to facilitate the sale and placement of charged-off, sub-performing, and performing assets. Founded in January, 2000, the company has built an electronic network of thousands of banks, financial institutions, law firms, and collection agencies who take advantage of its Debt Sale, Recovery Software, A/R Management, and Services products to obtain maximum value for their receivables, in an automated, private environment that moves transactions at the speed of light. For more information call us toll free at 877-348-7390, or visit www.eDebt.net.
