New Scorto Ample Collection is Available

Las Vegas, NV (PressExposure) February 19, 2009 -- Scorto Corporation would like to announce the release of the advanced solution for debt management & debt recovery Scorto™ Ample Collection. The new solution provides outstanding functionality in debt portfolio management and past due payments prevention.

Designed for financial and lending markets under current conditions, today this solution is one of the most up-to-date and effective solutions for Debt Management.

Scorto™ Ample Collection is an easy-to-use, simple and nonetheless robust tool based on scoring technologies for automating and enhancing the process of debt recovery.

Ample Collection is a specialized software application for collection scoring. The software performs the following tasks:

* Monitoring of databases and collection of customer information.

At the set time, the system calls the borrower database. By monitoring the database based on the defined business rules and collection strategies, the application determines the extent to which the borrower is fulfilling his obligations under the loan.

* Search of borrower data in the available data sources.

When a delinquency is discovered, the system sends all the information available on the customer to the employee in charge, including the data from his credit file and scoring result.

* Determination of the further steps in the delinquency-prevention process.

According to the approved scenarios of working with "bad" borrowers, the system determines the actions that should be taken regarding such a customer and supervises the sequence of these actions.

* Delegation of tasks to the staff in charge, indicating the necessary delinquency prevention actions.

The system automatically determines the status of a delinquency and sends the delinquency to the corresponding expert in accordance with the set business rules and strategies.

* Automatic notification of the customer about the delinquency and preparation of the materials and data for the staff in charge.

In accordance with the approved and set scenarios, the system sends the delinquent customer an SMS or e-mail message, informing him about the delinquency and containing a request to pay the debt. Before sending the letter or making a phone call, the system makes the required preparations by printing out letters, the contact phone numbers, and delinquency-related information. If the "hard" methods of debt collection are used, the system prepares the documentation, required for the transfer of the case to court or sale of the collateral.

* Addition of the information on the delinquency prevention measures to the borrower data.

The credit organization's employees are relieved of the need to keep records on the delinquency prevention measures. The system determines the required actions in a timely manner and notifies the staff in charge, storing all the information into its own database.

About Scorto Corporation

Scorto Corporation provides the best high-quality complete system Basel II compliant credit scoring solution (as a bundle, stand-alone or an individual configuration) in retail crediting, SME, auto and mortgage loans, as well as development, maintenance and support of the scorecard models with software maintenance and support on steady basis, using flexible approach in financial and licensing policy for various small, middle and large size banks.

Press Release Source: http://PressExposure.com/PR/Scorto_Corporation.html

Press Release Submitted On: February 19, 2009 at 3:29 am
This article has been viewed 11863 time(s).