Atlanta-based eDebt, Inc. launched eManager, a recovery management advisory service available to creditors and portfolio buyers on an outsourced basis.
eDebt acquired eManager (formerly Recovery Services Management) from one of the world’s largest credit card processing and diversified payment companies.
“With eManager, clients can adapt their recovery management services as needed,” said eDebt President Greg Shelton. “This service, combined with eDebt’s technology offerings, gives organizations a way to fully maximize recoveries.”
A team of financial services professionals with more than 65 years of agency management experience and an innovative technology platform come together in eManager, creating a solution that allows creditors and portfolio buyers to outsource all or parts of their recovery management needs. Moreover, thanks to its combination of recovery management expertise and advanced technology, eManager can actually out-perform most inhouse recovery management approaches. In addition, eDebt’s volume-based buying power allows it to provide both database enhancement tools and collection performance services at a lower cost.
“According to Standard & Poor’s, delinquency rates in this country will hit a record high in 2002 — more than eight percent of total outstandings,” said Shelton. “Small wonder that creditors and portfolio buyers are looking for cost-effective ways to maximize net-back returns on their accounts receivable. eManager gives them access to the people they need — seasoned industry professionals with extensive recovery management experience — and a solution that improves liquidation results, reduces costs and increases cash flow without expensive infrastructure investments.”
eManager supports all aspects of recovery strategy, account placement and provides hands-on management of agencies. It also provides pre- and post charge-off account compliance reviews, performance reporting, agency audits and specialty account monitoring. eManager provides full recovery management for all organizations, no matter what their existing capabilities.
eManager is the newest addition to eDebt’s receivables management family, which also includes eScrub(TM), an advanced portfolio scrubbing tool and a skip tracing service that identifies bankrupt accounts or deceased account holders, as well as debtor contact data. eDebt’s other products include eSale(TM), a portfolio sales service and online exchange and eRecovery(TM), an advanced placement/recovery management technology platform.
eDebt, Inc. ([www.eDebt.net]) is the leading provider of Web technology that helps creditors sell, place and manage charge-off, sub-performing and performing receivables. Founded in August 1999, eDebt provides a secure, automated and controlled environment in which thousands of banks, financial institutions, law firms, and collection agencies use its products and services to secure maximum value for their receivables. eDebt is majority-owned by CyberStarts, Inc., an Atlanta technology holding company with operating companies engaged in eReceivables, ePayments, eBenefits and eClaims.