ADVANTAGES OF USING AN AUTOMATED COLLECTION SOFTWARE APPLICATION
The title may be misleading when you consider that everyone uses computer technology for debt collection. Unfortunately, all computerized systems are not automated systems. Automation implies that humans have less control in areas that can or should be managed by a computer. Why is this important? Humans are incredible thinkers, but machines win when it comes to doing the […]
DEBT COLLECTION SOFTWARE DEVELOPMENT PITFALLS
Debt collection software has been around for over 25 years. In that time, we have seen major changes in computer technology and application requirements within the industry. After many years of “practice” and experience, why are we facing so many technical challenges? We have more lawsuits and legislators after us, compared to any other period. […]
Why Settle for Mediocre Collection Software?
Why Settle for Mediocre Collection Software? You don’t have to with Receivables Management Expert from Quantrax Why do so many ARM companies put up with mediocre collection software platforms that require a large IT department to manage, patch and customize? Why are so many collection agencies and law firms using database systems that hail from […]
Collection Technology Is Not an Expense, It Is an Investment
Collection Technology is not an Expense, it is an Investment Talk to a few collection agency owners. How do they measure success? Usually it is based on the number of collectors they have. How about revenue per collector? That is a metric that is hardly ever discussed. Why? What about looking at the advantages of […]
Quantrax Collection Software Launches New Website
[title size=”2″]Press Release[/title] For Immediate Release May 10, 2013 | Bethesda, MD Quantrax Corporation has announced the launch of its new website today. The new site provides the latest information about the Quantrax Collection Software System as well as current news and collection industry event information. Visitors can now easily navigate the site to […]
Debt collection software case study
It is unfortunate that collection operations are measured and evaluated based on the number of people they employ! Many years ago, we questioned the wisdom of that approach and set out to create a system that could generate significantly higher numbers for “revenue per collector” as well as low ratios for support personnel compared to […]
Quantrax Corporation Announces the Latest Version of its Collection Software
[title size=”2″]Press Release[/title] For Immediate Release April 24, 2013 | Bethesda, MD Quantrax Corporation has announced the early release of its latest version of Receivables Management Expert. With RMEx, users now have complete control over managing cell phones, from identifying them in real-time, to calling them based on management objectives (There are separate options […]
Listen to Win! Are you a listener or just someone waiting to talk. By Phillip W Duff
Are you a listener or are you just waiting for your turn to talk? If you answered “I am a listener” are you sure? Most people spend most of the time while someone else is talking creating a counter argument in their mind. Instead of trying to listen and understand the message that is trying […]
An interview with the man that invented credit scoring, the second placement and automation, Ruvin Schwartz by Phillip W. Duff
Here is an interview with an icon in the industry. He assisted in inventing things like credit scoring, Co Lo’s, focusing on the second placement and was the first to automate many processes when computers arrived in the industry. Ruvin Schwartz was gracious to let me enter his home in FL and learn how he helped […]
Is it the right time for collection operations to rethink their business model?
It was after a collection conference workshop on employee compensation that we were motivated to ask ourselves some interesting questions about the way collection companies are managed and operated today. As we pull ourselves out from a long, difficult period, the subject is probably more relevant. We believe that it would fair to describe the […]