Menu

Breaking News

San Diego Files Suit to Collect Cannabis Tax

Steel Rose

San Diego has filed its first lawsuit based on a failure to pay the city’s cannabis tax, a new stream of revenue that city officials expect to climb to nearly $30 million annually during the next five years. The city filed suit against Grizzly Peak Farms for failure to pay tax...

READ MORE

The Bottom Line

Product Spotlight

CSS Product Spotlight

Henry Gardner

CSS, Inc., a leading provider of enterprise class accounts receivable management and financial software offers a broad portfolio of platforms & solutions. CSS enables companies to transition their legacy revenue & payment management systems to a modern, cognitive, centralized, cloud-based Financial Ecosystem®. CSS may be utilized to provide business financial...

READ MORE

Skip Tracing Advisor

Developing a Network of Closed Sources by Ron Brown, Skip Tr…

Ron Brown

As we begin this article it is very important that the professional tracer clearly understand what constitutes a “CLOSED SOURCE”, the value of a closed source network and the obligation due to each closed source. Definition: CLOSED SOURCE… sources of information with restricted access and information available only through mutual information...

READ MORE

Collection Software Roundtables

Shielding Collectors From TCPA and FDCPA Violations

Joshua Fluegel

The demands of regulators lead collection professionals to collect debt with the credo of “as little contact with the consumer as possible.” Every eliminated encounter with a consumer while the payment is still being collected is one less chance for a TCPA or FDCPA violation. For this reason many accounts...

READ MORE

Feature Stories

Derogatory remarks remain on your credit reports for about s…

Steel Rose

Derogatory remarks can remain on your credit reports for about seven years. It takes time to make them disappear. The remarks will have less influence on your credit scores over time — and will even fall off eventually. Creditors, such as credit card issuers, mortgage lenders and student loan servicers, regularly send...

READ MORE

Collection Agency Advisor

The Secret to Excelling in Profit AND Performance

Gordon C. Beck III

To each their own. That’s what I keep telling myself when discussing with my competitors what their strategy is to run and operate a successful collection agency. Everyone’s outlook is different, but the same. Sure, everyone wants to be a top agency, that’s what everyone is supposed to say. But...

READ MORE

Legal Collection Advisor

Executive Orders Impacting Collections

Michael Starzec

No, this is not a review of the 1996 thriller starring Kurt Russell, Halle Berry and Steven Seagal but it does focus on the prestige of the word “Executive.”   At hotels and sports arenas, you want the executive suite. In Illinois, at least a 1,000 corporations integrate “executive” into their...

READ MORE

Collection Industry Advisor

3 Options to Offer During Tax Season

Nick Jarman

When it comes to collecting debt, tax season is without argument the most profitable season of the year. Tax season starts at the beginning of February and wraps up in early May. February generally sees the highest return and slightly tapers off each month thereafter. One issue that can ease...

READ MORE

Compliance Advisor

PCI Compliance, SOC, and HITRUST

Debra J. Ciskey

With the June, 2019, disclosure of a data breach at AMCA looming large in the rearview mirror, debt collectors both large and small are scrambling to verify the security of their consumer portals and their consumer information in general. With numerous vendors and auditors serving the industry in this key...

READ MORE

CDS Software Product Spotlight

  • Written by Henry Gardner

CDS software is one of the founding fathers of debt collection software. Launched in 1970 it serves both small, startup companies, as well as large, Fortune 500 ARM companies. The flagship of their debt collection software is CollectOne. CollectOne not only revolutionized the payment process as it released the first real time paytime processing engine, but also created the industry’s first real time web portal for collections. By always being on the cutting edge of technology, it is easy to see why CDS Software has had the success it has maintaining many customers for 50 years. 

            When looking at the features of CollectOne, it is easy to understand why this software is so advantageous to people in the collection industry. Here is a run through of just a few of CollectOne’s features. 

Account Scoring

CollectOne includes a rules based point system that establishes collection probabilities to help you determine the most applicable treatment and prioritize resources to maximize dollars collected.

Performance Tracking

Assign productivity goals to your organization’s management team and collectors via CollectOne’s performance tracking tools. Top down goals can be assigned and real-time performance statistics can be assessed at both the collector and management levels to improve productivity and accountability.

Skip Tracing

Leverage best in class skip tracing tools from our industry’s leading skip tracing providers and increase productivity with real-time phone number and address searches. CollectOne also includes fully integrated credit report retrieval that provides you with the power to request credit reports and attach the credit reports to the consumer’s account.

Accounting

CollectOne provides a flexible accounting system. Accounting workflow can be fully automated based on management defined processes and client specific accounting rules can be established based on contractual requirements. CollectOne includes interfaces with industry-leading accounting software, giving your organization the power to seamlessly integrate financial data

Another reason so many agencies have trusted CDS Software for so many years is the design and layout of CollectOne software which allows for ease of use and a faster learning curve. In the words of one of their satisfied customers, “It's simple to use and simple to customize. Has the best functionality out of all the other programs I've used over the past 20 years.”  Quality client service is a priority for CDS Software. On the CollectOne website is the statement: “We take great pride in the responsibility that our clients have entrusted in us and feel it is our responsibility to enrich those relationships through continued product development and professional, unmatched client service. We view our client relationships as partnerships and understand the importance that this partnership plays in the success of their business” is displayed proudly. 

            So the big question when it comes to any collection software is why this one over another and although the features and software is incredible for CollectOne, I believe the main reason that CDS Software has found the success it has is because of the previously mentioned client relationships. Looking at the customers they have maintained for over 20 years from across multiple industries, it displays not only the quality of their product but how they care for their clients. 

To continue reading,
please provide your name and email.
We never spam your inbox