Birmingham, AL ? Hubbard Systems, Inc. (formerly Jim Hubbard & Associates, Inc.), a leading provider of debt collections software to law firms, collection agencies, and financial institutions, today announced the availability of its latest debt collections application, MPower. Designed specifically to run under Microsoft® Windows, this offering expands the firm?s debt collections software portfolio which already includes its popular Collection Partner™ and the upcoming release of Colipso™, its Microsoft .NET™ compatible system. Hubbard Systems acquired the basic functionality of the MPower software through its recent purchase of the assets of Managing Partners, a company that had been providing debt collections software for a decade.
?The addition of a high-quality, Windows-based software package provides our market the broadest range of options for debt collections applications found anywhere,? said Greg Jones, Hubbard System?s CEO. ?We now offer feature-rich applications that run on a variety of operating platforms. With MPower users get the familiarity of Windows while Colipso, our .NET™ product being released in the summer of 2003, uses the familiar browser interface. It?s all about giving our users choices that best fit their current and anticipated business needs – both in terms of software architecture and price.?
Darrell Hester, Vice President of Operations at Hubbard Systems, is leading the firm?s MPower team and is implementing plans to further enhance the software?s capabilities. ?The basic MPower software has been proven through years of use,? said Mr. Hester. ?We plan to build on that foundation and continue to refine and enhance the application to ensure it provides our users with the value they expect of us. Upcoming enhancements to MPower include its integration into our Partner-To-Partner™ attorney network and some time?saving accounting enhancements.? Future plans also include integrating the software with Hubbard Systems? other partners? applications.
Existing MPower users are enthusiastic about Hubbard Systems? commitment to MPower. ?MPower is an effective, time-saving and profit enhancing software package. We have proven that through our use of the application. I believe that under Hubbard Systems’ stewardship it will only become a more valuable, indispensable collections tool,? said Troy Lotane, Vance & Lotane. ?Hubbard Systems has already illustrated a real commitment to the continued enhancement of the software and we are looking forward to a long and mutually beneficial relationship.?
MPower?s comprehensive approach to debt collections offers users features and functionality commonly found on much more expensive collections systems. The software?s capabilities provide tools for:
- Case Management ? coordinates account review and debt collection activities.
- Accounting ? fashioned by a CPA to automate the ?one write? concept of bookkeeping.
- Flexible Reporting ? allows for tailored reports based on any data field.
- Document Management ? interfaces to MS Word™ and WordPerfect™.
- EDI Options ? for importing and exporting data between clients, credit agencies, and other parties.
- Imaging ? converts paper documents into electronic formats for storage and retrieval. The MPower software is available now.
About Hubbard Systems, Inc.
Hubbard Systems? 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. Users also have access to the firm?s data exchange network allowing them to create a virtual debt collections network between themselves and other parties involved in the debt collections process. Founded in 1983 and headquartered in Birmingham, Alabama, Hubbard Systems provides debt collections software solutions to more than 300 clients nationwide. For more information visit www.hubbardsystems.com.
