Jim Hubbard & Associates, Inc. (JH&A), a leading provider of debt collections software to law firms, collection agencies, and financial institutions, has announced that more than $1 billion in debt placements have been transferred over their Partner-To-Partner network. Established by the firm in 1996, this ?network of networks? allows law firms and other debt collection organizations to collaborate with geographically distant law firms. Using the Internet, they can create a virtual alliance to track and recover delinquent debt. JH&A provides users access to its secure, password protected Web server that is used as a repository and thoroughfare for the files to be transferred. JH&A serves as a gatekeeper receiving and forwarding files over the Internet using Partner-To-Partner.
JH&A?s CEO, Greg Jones, has been pleasantly surprised by how quickly attorneys have adopted the service. ?Starting from scratch six years ago we transferred less than $20 million. Last year we transferred over $400 million. This attests to how great a need there was for this service. It?s one illustration of how the Internet can creatively be used to reduce costs and improve productivity.?
With Partner-To-Partner, law firms, collection agencies and financial institutions establish their own networks of law firms with whom they will electronically forward debtor information for legal collection. Location of the law firms is irrelevant. In addition to providing an inexpensive, efficient and secure method of transferring data, users have access to the software?s auditing and reporting functionality. Partner-To-Partner users do not have to be licensees of the firm?s debt collections applications software. JH&A is converting all of its applications software to be compatible with Microsoft?s new .Net™ environment. When the conversion is completed, Partner-To-Partner?s use of the XML Internet protocol will provide users increased flexibility and enhanced compatibility with legacy systems.
JH&A?s applications software manages the debt collections process from start to finish. The firm?s offerings cover the full array of case management, client status, and statistical reporting functions. The firm?s new Microsoft .NET-based collections software, Colipso™, is due for release late spring of next year. Founded in 1983 and headquartered in Birmingham, AL, Jim Hubbard & Associates provides debt collections software solutions to more than 300 clients nationwide. For more information visit www.jimhubbard.com.
