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Irvine, CA. (XSP
News) - December 18, 2005 —The basic fundamentals
of credit and risk management often involve simple things such as
budgeting, improving credit scores and debt consolidation. However,
as many individuals and businesses may have now found themselves
with too much unsecured debt – California-based Apollo Enterprise
Solutions continues to reinvent the collections and reconciliation
process.
Christopher Imrey, President of Apollo Enterprise Solutions tells
XSP News “What began as a ground-up effort for a specific
business application has evolved into a best-in-class software platform
used by creditors, agencies and legal recovery firms.”
The Intelligent Debt Solution System (or IDS), is a web-based debt
settlement system comprised to two modules; “IDS Pay”
for delinquent accounts, and “IDS Collect” for later-stage
recovery and collections of charged-off accounts.
Mr. Imrey continues “We have developed a fully integrated
recovery platform that delivers more for debtors and provides for
greater recovery and settlement dollars per settlement by creating
a customized system that reflects a debtor’s current ability
to pay.”
In turn, as creditors, agencies and legal entities often burrow
through recovery of debt indiscriminately, IDS can utilize bureau
credit reports with authentication and scoring tools to present
each debtor with a customized set of payment or settlement offers
that best represent the debtor’s current ability to pay. This
is provided through the heart of the Apollo IDS system, a patent-pending
"Decision Engine" that calculates each offer individually,
based on real-time information obtained at log-in from the debtor’s
current account information, customized scoring models and a current
credit report.
This up-to-the-minute information in-turn presents the debtor multiple
payment or settlement offers with flexible payment terms in a non-threatening,
online environment - and in many ways a self-service form of debt
resolution.
Mr. Imrey points out “Why not have the debtors log-in and
view their balances online?” Indeed, wouldn’t we all
prefer this as an alternative to the dinner-time and/or cantankerous
calls from “Mr. Green” or “Mr. Black” or
other color-coded collector?
With a Portfolio Manager integrated into Apollo IDS system, Payment
Processing, and Payment Scheduling tailored to each of its various
customer/creditors – the terms and conditions of each payment
arrangement can be customized to a specific debtor, along with full
audit trail compliance.
Integrated with real-time communications to the various credit-reporting
agencies, it is easy to see how this unified suite of applications
has great appeal, not only to large-scale corporations who would
otherwise outsource these business functions, but as well to the
service bureaus and third-party providers who can greater optimize
personnel resources and improve operational efficiencies and recovery
rates.
Recently recognized as a one of the Top 100 Collections Products
of 2005 by "Collection Advisor Magazine”, Apollo Enterprise
Solutions has truly transformed the business model that today remains
outdated with fragmented CRM, payment, collection and credit reporting
data processing systems.
You can see Apollo Enterprise Systems and the IDS system on January
25 – 27 at the Collection Technology Summit ’06 in Las
Vegas and on March 15 – 17 at the 10th Annual National Collections
and Credit Risk Conference also in Las Vegas. For more information
visit the company website at www.apolloenterprise.com
# # #
Contact:
Jeff Dickey
Executive Vice President - Sales & Marketing
Cell: (713) 828-5805
Office: (949) 399-1000 ext. 220
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