New Jersey agency picks Acumen! suite to improve debt recovery decision making and boost its clients' bottom line
Vancouver, Wash. - September 29, 2009 - The Intelitech Group, a business consulting practice and technology solutions provider for the collection industry, announced today that Financial Recoveries, a Mount Laurel, NJ collection agency, has selected the Acumen! business analytics suite to strengthen the agency's debt recovery processes and profitability.
Acumen! is a business analytics suite that offers critical solutions and tools designed to help agencies be more successful in their collection efforts, and improve profitability. The suite includes highly accurate and competitive scoring data, a performance dashboard to monitor Key Performance Indicators (KPIs) and an easy-to-read graphical reporting tool.
“For collection agencies, success is increasingly tied to the use of advanced technology solutions,” said Tom Minuchi, director of operations at Financial Recoveries. “Integrated with our current FACS software system, we look to Acumen! to improve the timeliness and quality of decision making, as well as the effectiveness of our debt recovery processes,” Minuchi said.
“Advancement in analytics technology is creating opportunities to help agencies win a competitive advantage and compete more effectively in today’s economy,” said Doug Gregg, senior partner, The Intelitech Group. “The key to success for agencies is having business intelligence tools like scoring, payment probability forecasting, and reporting dashboards that offer a complete view of collections to enable agencies to pinpoint the right account at the right time,” he explained.
With over 40 installations of Acumen!, agencies are benefiting from best-in-class analytics to profile and score accounts, track costs and produce specialized reports and graphs to make sound business decisions and implement optimal work flows and business strategies for ever-greater profitability.
About Financial Recoveries
Financial Recoveries is a full service accounts receivable solutions and management company based in Mount Laurel, New Jersey. Since its establishment in 1985, Financial Recoveries has worked with business partners ranging in size from small business owners to utilities, banks, universities, and multi-hospital health systems. The company offers clients a results oriented blend of the latest technologies and highly experienced and motivated staff to improve their bottom line. For more information see Financial Recoveries’ website at: www.frnj.com.
About The Intelitech Group
The Intelitech Group provides consulting and technology solutions to help agencies achieve optimal results. Leveraging industry expertise and market intelligence with latest technology innovations, The Intelitech Group brings extensive knowledge, insights and practical tools to help agencies delve deep into all facets of the organization to measure, analyze and implement results-oriented solutions. (download this article as pdf)