CMC ANNOUNCES RELEASE OF CREDAGILITY® 7.0 WITH INTRODUCTION OF A RECOVERY ACCOUNTING MODULE

WILMINGTON, Delaware – October 18, 2016— CMC, a leading provider of credit customer management solutions for global lenders, today announced a major software release for its proprietary CredAgility® platform. Among the enhancements, CredAgility 7.0 now includes a Recovery Accounting Module as well as further agent interface tools and efficiencies.

CMC’s CredAgility now processes financial calculations leveraging the recently built Recovery Accounting Module. This module provides functionality to clients who are implementing the solution for both collections and recovery, including those instances where CredAgility is to be the post charge off accounting system of record. Allowing clients to be able to track and update recovery account balances based on interest accrual, payments, and fees being added to or subtracted from the account.

“CMC has now moved aggressively into the late stage debt recovery and agency management space with this new Recovery Accounting Module,” said Ray Peloso, CMC CEO. “This is another milestone for the CredAgility platform but more importantly represents our continued commitment to delivering valuable functionality in response to our client feedback.”

Other key enhancements include added efficiencies and functionality to the agent workstation. The system can now be configured to enable customer payments that are above the current balance. This allows an agent to capture payment from a customer looking to pay off their debt in full. Workflows, for capturing data such as customer service surveys or income and expenditure, can now be accessed directly through an authenticated URL. The URL can be sent to the customer through the desired channel, such as SMS or email. Other general improvements including functionality relating to third party payment controls, interface views, and user defined access buttons.

About Collections Marketing Center, Inc. (CMC)
CMC offers pioneering customer experience management solutions that enable lenders to deploy completely synchronized offers, contacts, workflows, content and treatments across credit card, real estate, student, and installment loan products. The company’s CredAgility® platform is helping a rapidly growing number of top lenders automate customer-facing business processes, optimize the effectiveness of their resolution strategies, and realize efficiency gains through improved customer engagement. The company’s Unified Collections™ solution, for example, is helping creditors improve their borrowers’ experience and post large efficiency and effectiveness gains while dramatically improving compliance. For more information, visit www.cmcagile.com or call 302-830-9262.
CMC, CredAgility and Unified Collections are trademarks or registered trademarks of Collections Marketing Center, Inc. in the United States and/or in other countries. Other products and company names herein may be trademarks of their respective owners
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