CARM-Pro - The most widely used collection and recovery software in US banking.
IBS: Dedicated to Collection and Recovery Software and Automation in the Banking Industry Since 1989
CARM-Pro - Licensed to almost 900 Financial Institutions Since 1989.
ARM-Pro - The most widely used Recovery and Special Asset Tracking software in US Banks and Credit Unions.
CARM-Pro - Credit Union and Bank Collection Compliance Software for todays turbulent times.
CARM-Pro - The most widely used independent bank collection software in US banking.

Open Source and Cloud Help Make Collections Affordable

 

Open-source software and cloud architecture helps provide cost-effective and flexible collections systems. It also moves bank debt recovery toward digital frameworks and business models.

A cloud computing platform − a network of servers hosted internally, through a third-party provider or via a hybrid of both – allows banks and credit unions to move technology to affordable solutions. It alleviates struggles related to purchasing, developing and maintaining an internal technology infrastructure.

Fueling the rise of cloud initiatives is a period of dwindling return on equity and rising compliance costs. financial institutions simply cannot afford to budget their own technology developments any longer.

Cloud computing capacity and services mean that smaller financial institutions can compete with larger banks. It also plays into customer persistence of more personalized and efficient service. Customers want to access collection services and solutions online, using devices they select at the time they need.

The IBS import/export tool allows configuration to receive files from any account servicing system, or to send information to client third party providers.

Help for Small Financial Institutions

Vigorous and flexible debt recovery software provides uniform architecture for operating an internal cloud in a shared environment. Banks and credit unions could also benefit from having a more controllable footprint, and automated server provisioning.

The cloud allows financial institutions to take their offerings to market swiftly and inexpensively; at a lesser operational total; and without the legacy traps encountered by many larger banks with closed, proprietary systems.

Many big banks are using the cloud themselves for their own operations, typically private or hybrid varieties, in order to try to increase their own speed-to-market with new products and to overcome expensive legacy constraints and achieve internal cross-departmental efficiencies, and enabling the release of data across intricate internal IT architectures.

Intelligent Banking Solutions can assess demand and plan capacity based on actual consumption and known business opportunities. Better capacity planning translates into faster turnaround and much more responsiveness.

Cloud Reduce Development Costs

Robust software manages all aspects of the debt recovery process. This includes features for external documentation, automating collections to maximize income and reduce delinquencies, charge-offs and at-risk assets, consolidate all account types, tracking track all stages and debt issues, payment scheduling, Credit Bureau Reporting, Urgency Payments module including checks and credit cards, Trust accounting and single customer view

Having the ability to distribute business processes via the cloud can helps financial institutions become more efficient. Banks and credit unions could also benefit from having a more manageable footprint, and automated server provisioning.

Intelligent Banking Solutions can assess demand and plan capacity based on actual consumption and known business opportunities. Better capacity planning translates into faster turnaround and much more responsiveness.

Focused Strategy

A more focused debt gathering strategy can determine which accounts have the highest payment potential. Advanced scoring and segmentation tools provide complete the portfolio view to increase retrieval through continuing portfolio analysis.

Recent advancements in mobile imaging technology also provide an opportunity for financial institutions. Sophisticated mobile-imaging applications have built in quality enhancements that empower the field staff to capture customer information anytime anywhere. This opens up the market for banks and credit unions to compete in a fiercely competitive market.

Mobile imaging not only captures customer information accurately it is equally important that it provides secure and real-time transfer of this information back to the core banking systems to ensure quicker processing.

A complete cloud-based debt-recovery management system supports mortgages, credit cards, loans, overdrafts and many other types of customer debt. It also provides the latest technology.

A combination of the cloud and mobile imaging can possibility reduce the cycle time for all customer-facing processes and enhance the overall customer experience.

A flexible and powerful collection platform, such as CARM-Pro™ and CARM-Web, can bridge a mobile enabled customer interface and the core enterprise systems by storing all necessary asset recovery information as records, making them accessible when needed.