http://accelerateddata.com/ Accelerated Data Systems® - Blog RSS Feed 2.0 en-us Wed, 15 Apr 2026 09:14:56 GMT Wed, 15 Apr 2026 09:14:56 GMT http://accelerateddata.com/blog/21792/ADS-New-Year-s-Resolution blog 2021 is here! And ADS has a New Year's resolutions. To bring the world of Collections a software platform that will make your company more efficient, more advanced, and more profitable. We will be integrating with new innovative data service providers including payment processors, AI scoring, gamification, skip tracing, and more. A new version of AdvantEdge will be launched, and a revamped web portal will give your clients, collectors, managers, and debtor the information they need at their fingertips. Paper is the past. New text and email capabilities on AdvantEdge will save you money and time. Response rates are magnitudes higher when texting. Take your company into 2021 with a software that has ability to implement your proven strategies and gives you new tools to adapt to the times. AdvantEdge is tool your business needs. Happy New Year from the entire ADS team!   Fri, 08 Jan 2021 06:00:00 GMT http://accelerateddata.com/blog/21792/ADS-New-Year-s-Resolution http://accelerateddata.com/userfiles/1342/images/Bellagio%2Epng http://accelerateddata.com/ http://accelerateddata.com/blog/21555/ADS-is-going-to-Vegas- blog Accelerated Data Systems is proud to announce that we will be attending the upcoming NCUCA conference! We are an official Exhibiting Vendor and will have a booth at the conference to demonstrate our product, AdvantEdgeâ„¢, to you in person. Vegas Baby! The National Credit Union Collections Alliance hosts an annual conference. This is their 6th and will be held at the luxurious and world-famous Bellagio Las Vegas, October 28-30th. We have been in contact with the President of the NCUCA, and he is confident the conference will be held in person and will not be postponed due to COVID-19. Significant precautions and health safety measures have been taken by the State of Nevada, the City of Las Vegas, the Bellagio, and the NCUCA conference team to ensure the safest environment possible. You know you could use a work vacation in Vegas about now. Come join us at the Bellagio!   Fri, 25 Sep 2020 06:00:00 GMT http://accelerateddata.com/blog/21555/ADS-is-going-to-Vegas- http://accelerateddata.com/blog/21409/New-Integration- blog We are excited to announce that Accelerated Data Systems has fully integrated IntelliPay payment processing into our AdvantEdge collection platform! IntelliPay is one of the most innovative payment processors in the world. Their secure payment portals create added marketing for your company, by putting your brand front and center on their platforms. When your customer or debtor goes to check or make payments, they'll see your company logo. You can now use the ingenious IntelliPay products within AdvantEdge. We at ADS are constantly integrating with data processors of all types, and we focus on forward-thinking companies. IntelliPay, like ADS, is in the cloud! We have a dozens of 3rd party vendors already integrated, and we are thrilled to add IntelliPay to the list!   Fri, 24 Jul 2020 06:00:00 GMT http://accelerateddata.com/blog/21409/New-Integration- http://accelerateddata.com/blog/21145/The-Cloud- blog Accelerated Data Systems Inc. is proud to announce we have successfully migrated all our AdvantEdge customers to the Microsoft Azure cloud platform. Azure is the most advanced and secure cloud platform in the world. The current pandemic has affected millions of people across the world. Our hearts go out to all who have felt this impact. It has also caused many issues for businesses around the world. One of the key issues is setting up employees to be able to work from home. Stay at home orders keep people from spreading the virus and can save lives. However, many companies are having trouble keeping their at home employees connected, so they can continue their work. Azure is the answer. The cloud allows you to keep your data base and work tasks easily available, from anywhere in the word. With the Azure Cloud, work goes on. The idea of a "cloud" goes back further than most people realize. The cloud symbol was used in the 70s and 80s to represent networks of computing equipment and predated the internet itself. This method of ‘sharing’ computing power within a network was used internally by many companies through the 80s and 90s, including IBM, ATT, Apple, Microsoft and an Apple spin off. General Magic was founded by Apple legend Andy Hertzfeld and is credited with the first use of the Cloud metaphor while promoting their product, Telescript. "The beauty of Telescript is that now, instead of just having a device to program, we now have the entire Cloud out there, where a single program can go and travel to many different sources of information and create a sort of virtual service."   -Andy Hertzfeld, 1994 The first official reference to cloud computing showed up in an internal document at Compaq in 1996. However, the Cloud didn't become mainstream until Amazon released its Elastic Compute Cloud platform in 2006. Google followed shortly after with it's Google App Engine, in 2008. Azure was announced in October 2008 under the code name "Project Red Dog". Microsoft Azure was released in February of 2010, originally named Windows Azure. Since then, Azure has become the top choice for cloud services among businesses worldwide, with $50,000,000,000 in annual revenue. Like ADS's AdvantEdge software, cloud platforms have been in constant development for over 20 years. Cloud platforms will soon become the standard for all commercial and consumer computing. At ADS, we prefer to be ahead of the curve. Our team of engineers and programmers constantly research the latest and greatest in the industry, keeping ADS on the progressive Edge. The world of computing never stops advancing, and neither do we. Keep your employees connected from home with AdvantEdge.   Fri, 01 May 2020 06:00:00 GMT http://accelerateddata.com/blog/21145/The-Cloud- http://accelerateddata.com/blog/20096/Cloud-Infratructure blog Here in the belly of the beast, the cloud shall free us from the trappings of mortals. Thu, 19 Sep 2019 06:00:00 GMT http://accelerateddata.com/blog/20096/Cloud-Infratructure http://accelerateddata.com/blog/17817/Goals-for-the-New-Year blog Ring out the old, ring in the new, Ring, happy bells, across the snow: The year is going, let him go; Ring out the false, ring in the true.   • Lord Alfred Tennyson, In Memoriam With the New Year just around the corner a sense of opportunity hangs in everyone's mind. Something about starting fresh always fills us with a sense of wonderment. The unsoiled picture of the future rests on a pedestal, sometimes seeming too high to grasp. Why not this year though? Why not obtain the success you dream about every year? 2019 might as well be the year you move forward. Have you even had a chance to think about the New Year, or has a hectic end to a long year taken up all of your time? If you haven’t, why not take a minute now to think about the future, what could you do in 2019 to really drive the success of your business to new heights? With constant improvements in the technology and an increasingly tight job market maybe automating processes to alleviate the work load is the route you want to take. That way your employees skills can be put towards better use. Maybe you feel like 2019 is the year to make a full change to your processes and technology, the year to go out on the limb and really move your company upwards. Sometimes we use the New Year as an excuse to push our commitments a little further down the line. How many times have you heard, call me back in January, I'll have more time then. The real question becomes how many of those commitments can you follow up on, or, if you're the one asking to push things back, how many will you decide are worth your time for 2019. What of those goals are you going to pursue with vigor next year? Setting goals is one of my favorite parts of the end of year celebrations; it's a physical manifestation of your hopes for the coming year. Hope for a better tomorrow is the foundation that America was built on, and looking to a new year with high expectations is a beautiful thing. Here at ADS our goals are big for 2019, not only are we shooting for a record year in terms of growth for ourselves, we are looking to facilitate increased profits, margins, and volume for all of our clients as well. In terms of new partnerships, we want to help as many companies as possible with our cutting edge technology, to not only make them more money but also make their day to day work life a little easier. Beyond obvious success of increased growth in sales we want to innovate and incorporate new ideas into our system. We want to develop new applications and create helpful integrations that benefit everyone involved. Above all else, we want to help the industry grow and prosper in the coming year. What are your goals for growth in 2019? If you feel like ADS could help you achieve those goals, or if you just want to talk about the possibility, let us know how we can help you moving into the New Year.   Mon, 31 Dec 2018 06:00:00 GMT http://accelerateddata.com/blog/17817/Goals-for-the-New-Year http://accelerateddata.com/blog/17606/Data-Security-Update blog Hello ADS Clients, We have been working on upgrading our network to become TLS 1.2 compliant.  During this process, we will be updating the Toolbox Application to be compliant in the TLS 1.2 environment. We will be upgrading the Toolbox to .NET Framework 4.6.2 on Dec 21, 2018. When completed, our clients who utilize our Toolbox will also need to perform an update on their end to ensure that they can still use it.  To avoid disruptions in Toolbox functionality, please make sure to have .NET on all your computers running Toolbox upgraded to version 4.6.2 or greater by Dec 21, 2018.  If the .NET is not upgraded by the 21st, the functionality of the Toolbox will stop until it is completed. If you have any questions or need assistance, please do not hesitate to call or write. Thanks, Gerald Letofsky | Vice President | Accelerated Data Systems, Inc. 5295 DTC Parkway | Greenwood Village, Colorado 80111 Phone: (303) 706-1101 Ext: 1106 | Email: jer@accelerateddata.com   Wed, 05 Dec 2018 06:00:00 GMT http://accelerateddata.com/blog/17606/Data-Security-Update http://accelerateddata.com/blog/17006/Entering-the-Fourth-Quarter blog Entering the Fourth Quarter Are you going into the end of the year satisfied with your 2018 results? Has the year just flown by? Or has the year been one rough patch after the other? No matter the answer, we can't afford to let the last remnants of 2018 fall into unproductivity. With the cold weather setting in (at least in Denver it is) and the days getting shorter, it feels like the end of the year is racing towards us. Who knows what 2019 will hold, but before we get to ahead of ourselves, let's look back at the first three quarters of the year.   2018 Growth The idea of growth is sometimes hard to measure. Sometimes adding a single team member who will be with you for years, finding that one new partner, or finding a new client can turn a mediocre year into one of the best. Putting processes into place that increase efficiencies and decrease cost increase the potential and success of growth within an organization. If you spent 2018 insuring processes were improved, 2019 should be a breeze.  2018 has been a year of growth, a year of change, and a year of innovation at ADS and it's only the beginning. For me personally, 2018 brought many changes; a new city, new house, plenty of sightseeing and hiking, and my first year at ADS. Looking back, I would like to say I'm happy with how everything went, but when examining the past, mistakes seem clear as day. The idea of a perfect year seems a farfetched notion, but maybe we can achieve a single perfect quarter. For those of us where things haven't been going smoothly, we need to look at our processes and, instead of waiting for the New Year, we need to prioritize the issues here and now. Procrastination has hardly ever helped before, so I doubt waiting for 2019 to fix your software problems will help either. With the holidays approaching, we should be celebrating and not allowing old problems to continue holding us back. The Holiday Season With Thanksgiving right around the corner and Christmas following right on its heels, all the talk is aimed at joy and fun. But often, a time for joy at home can be a stressful time at work. With budgets being either finalized for the next year, or the excess budget from the current year being spent, more pressure than usual is mounted on the shoulders of the organizations decision makers. However, we can't look at this as a burden. This is the time of year when we can make a mark on our professional lives and really separate ourselves from the competition. When is the last time you broke down the effectiveness of your team and the profitability of your processes and business rules? ADS takes pride in the effectiveness and ability of our system to help your team be as successful as possible. Here at ADS, we would love to be part of your holiday season and send you into 2019 with all the tools and processes in place to make you not only more profitable and more successful, but also to give you more time next year to spend with your family!   Mon, 15 Oct 2018 06:00:00 GMT http://accelerateddata.com/blog/17006/Entering-the-Fourth-Quarter http://accelerateddata.com/blog/16692/The-Biggest-Takeaway-from-DCS-2018 blog  The Biggest Takeaway from DCS 2018 The 2018 Debt Connection Symposium (DCS) offered the most age diverse crowd at a debt collection conference in recent memory. This led to an interesting and enjoyable experience. With the changing of the guard clearly evident, a large amount of focus was put into attracting and retaining millennial employees as they continue to enter the job market, filling spots traditionally held by older generations. Business strategies have been changing for years, however, many companies have been operating successfully using their old methods. With every passing year, and highlighted by this conference, business strategies are evolving and the past solutions will simply not be as successful with the emerging workforce. Employers have seen a shift in the mindset of the new workforce. Millennials tend to value the atmosphere and benefits of the organization more, whereas the generation before them valued job security and their salary more than the atmosphere of the organization. The Millennial Peer Group, headed by Matt Justice who is President of the Professional Bureau of Collections, emphasized the successes and failures of companies when hiring Millennials. The peer group included a roughly 50/50 mix of Millennials and older generations, with the overall mood being more symbiotic than I expected. Some of the theme’s presented that keep Millennials in an organization included a sense of community, more time off, and a level of trust without the constant oversight of a supervisor or manager to name a few. One common theme was the idea of building a community around the company, not just a functional group working together within the company. Employees want to work at an organization where being part of a team means advancement, family, balance, trust, and having a unique role within the company. These factors are the driving force behind Millennials staying with an organization and enjoying their daily work or moving on without much chagrin. Here are a few ideas gathered from peers in the group: Companies who have held events and participated within their communities have seen more positive results in retaining employees. One great idea being implemented was giving employees one or two paid hours off every few weeks that they could use on community service activities. This has shown that it helps not only their employees and the community, but it also saves thousands of dollars in free marketing and advertising in that the organization becomes a larger presence in the community. Another idea, and seemingly just as effective of a method, is allowing employees to purchase an extra week of vacation. Millennials want more of a balance between work and personal time compared to their parents. This can be a great way to distinguish the benefits within the organizations workforce based on the employee's priorities. The employee buys a week of time from the company; the money is then spread over the course of the year so a small deduction of ten to twenty dollars a week isn't really noticed, but in the end an entire extra week of vacation really makes a giant impact on the employee's life. Third, the idea of a "cool" place to work was emphasized. Small visual updates to the building or sprucing up the everyday work environment of the employees really makes an impact on someone who may feel as though they could easily obtain another job in today’s strong economy. It may not seem like a big deal, but the work environment goes a long way in terms of creating an overall desirable workplace. If nothing else I realized one thing; Millennials want an environment where they can feel appreciated, trusted, and above all else, understand the how's and why's. They really want to know what their hours upon hours of work are building towards. They need to have a purpose and feel as though their work is meaningful. Basically, they want to work towards a common goal where they can still feel free to live their lives.   Tue, 11 Sep 2018 06:00:00 GMT http://accelerateddata.com/blog/16692/The-Biggest-Takeaway-from-DCS-2018 http://accelerateddata.com/blog/16505/Connections-in-the-Industry blog Industry Connections   Getting ready for the Debt Connection Symposium (DCS), has got us thinking about how important connections are in this industry. People seem to stay in the collection space for their whole careers, making the connections with fellow industry peers and leaders invaluable. How many people do you know who have "left" the collection space only to be pulled back in? And with consumer debt growing every year, it doesn't look like the industry is going anywhere any time soon!  The very nature of the collection space is rough. Organizations are constantly battling regulation, dealing with people in a rough spot in their lives, and pulling profit from an area that others have abandoned. That may be what creates the camaraderie among the organizations within the industry, or, maybe we're all just a little crazy! Either way, chances are someone you meet today will be around the industry in some capacity many years down the road. That's one of the main reasons we look forward to each conference. Learning in an Evolving Industry   A constantly evolving and changing landscape requires individuals to stay sharp and as current as possible. Maybe that's the reason people stay? The need to adapt and learn are great human attributes that are at times stifled in jobs, but in the collection industry, if you don't learn to adapt with the changing times, you shrivel into obscurity. Another benefit of getting out to conferences is that an invaluable amount of knowledge is in one place at one time. The Debt Connection Symposium has a great lineup of compliance talks and sessions this year, as well as, plenty of possible industry partners who could expand profits and effectiveness. When you go to a conference, what are you really looking to take away from the experience? Is it to see the new innovations out there? Figure out where you may be failing in compliance? Or simply meet some people in the industry and take some time away from the office? For us, it's finding great partners to grow with. We're not the biggest company around, or the smallest, however having been in the industry for over twenty-five years, we understand the strengths and benefits of a lifelong industry partner and that is what we strive to find. Getting to meet people face-to-face is something we at ADS look forward to all year. Finding Trustworthy Partners   How many times have you sat up at night thinking about work? How many sleepless nights has a major decision cost you? Hopefully not many, but I doubt the number is zero. Working in the collection space is not all flowers and roses and sometimes it seeps into our private lives. This is where having trustworthy processes, innovative technology, and solid business rules in place is a must! You want to leave work every day knowing you have set your company or institution up for success.  The peace of mind that goes along with a successful day is priceless. That's the beauty of the conferences in this industry. We get to meet one another and share how we have thrived over the years, what has made us better, and most importantly, we support one another in this ride. Thu, 16 Aug 2018 06:00:00 GMT http://accelerateddata.com/blog/16505/Connections-in-the-Industry http://accelerateddata.com/blog/16360/Core-System-not-cutting-it-in-Collections-- blog Integrating with Your Core System Integrating your core system with a fully functional debt collection software isn't really a choice anymore, it's a must. While most core systems have some form of "collections" built in, they fall short in almost every aspect, and with consumer debt growing every day, you need to find a way to combat the ever-increasing figure. Here are the three main reasons why adding a collection platform can not only help your institution grow, but also make you an invaluable asset in the industry.   Recover More Money! This one is obvious, but we sometimes forget the number one reason why we collect; to recover lost money. This all comes down to simple statistics. Here's an example of how having the correct collection software can increase you bottom line: You have ten collectors who make fifty calls a day, and let's say they recover on ten percent of those calls. That's five debtors a day per collector. Not too bad, but if you can increase their call productivity by just ten calls a day bringing the total calls to sixty per collector (with AdvantEdge's innovative workflow that number would be far higher), you get ten more recoveries every day! Over the course of a year that leads to thousands and thousands of extra dollars for your institution. On top of just being able to make more calls, your collectors recovery rates and efficiency will grow as well when using dedicated collections software. Having correct and pertinent information, accurate state laws, compliance standards, multiple pitches, and objection handling at their fingertips, collectors will be able to close deals more effectively, and without having to rely on intensive training. So just remember, the cost of a system will be quickly offset by the increased productivity and effectiveness of your collectors. More Precise Reporting Extensive collection reporting is generally not something built into core systems, but it is desperately needed by managing parties. Not only can AdvantEdge report on the amount of money recovered, commissions, payments processed, promises, and postdates; it can also give you detailed reports based on how many accounts a collector has worked, looked at, called, and changed. Collectors are also able to track promises taken compared to promises kept, what the results of each call are, what time of day are they most active, and can even give you a detailed breakdown of what your institution has spent on every account; from letters to collector time. This is only the tip of the iceberg when it comes to the in-depth reports AdvantEdge offers. You can even subscribe to your favorite report, so you don’t have to pull them up every day or every week, they can just be emailed directly to you. AdvantEdge has thousands of built-in reports and we can make a report on anything you could possibly need.   Less Overhead and Better Compliance With increased automation and improved efficiency, organizations will be able to streamline their business processes to make them more profitable. The best part about increased automation and ease of use means you free up your employees to do the more important tasks. This doesn't mean you have to replace your employees with innovation, this just means instead of them wasting time on the daily grinding tasks, they’ll get far more work done every day. With increased compliance, you can sleep better at night knowing you're doing right by your customers. Nothing can bring down the reputation of a bank or credit union more than a lawsuit brought on by illegal collection acts. With AdvantEdge's built in compliance modules, you don't have to worry about every call a collector makes. This makes it easy to stay ahead of the ever-changing nature of debt collection litigation. The peace of mind that comes along with being compliant is worth a fortune in its own right.  Need more reasons? Then set up a demo with us! We'll give you hundreds of more reasons why integrating your core system with AdvantEdge is a must! Mon, 06 Aug 2018 06:00:00 GMT http://accelerateddata.com/blog/16360/Core-System-not-cutting-it-in-Collections-- http://accelerateddata.com/blog/16294/Staying-Ahead-of-the-Curve blog Is your Collection software improving your bottom line and making your team more successful on a daily basis? Does it make your day-to-day life easier with ample reporting, built-in compliance modules, and effective work queues? With the collection industry shifting towards automation and multi-channel collection strategies, effective software is becoming increasingly more important. Failure to integrate with the newest applications and add-ons can make your agency lag behind the competition. For your software to be effective, it must be able to increase the speed of your collectors, simplify your business rules, and keep you ahead of the constant changes within collection compliance. Automation With automation, you can send your customers thank you messages, payment notices, and voicemail reminders to name a few. Automation also enables collectors to quickly work accounts, allows for correct and efficient workflows, and generates automatic reports to be sent to your email without even pushing a button. Automation can make credit reporting simple, and most importantly, save you money on letters, labor, and headaches while freeing up your workforce to collect more money. Automation has moved beyond the simple application of emails, texts, and voice drops to include every process connected within your agency. Implementing automation with Advantedge can save you thousands of dollars a month, from the simplest to the most complex of tasks your current software may not support.  Obviously the automation and customization of Advantedge does not stop with just what we can do. We built the software in such a way that we can integrate with all types of add-ons, applications, and other core systems. Business Rules Not only do you need software that will help automate your day-to-day processes, but you need a solution flexible enough to fit your current business rules and help you expand on them to truly become successful. A rigid system can hinder the growth of your agency immensely. Imagine having a system that could fit to your needs rather than having to constantly hamper your growth to stay within the framework of your current software. Advantedge is an industry leader in the collection space when it comes to customization. We have a team of developers who will mold the software to fit your business and to make your life easier through the day-to-day grind. Staying up to date When is the last time you evaluated your current software solution? Does it stand up to the test of time? You must stay ahead of the curve in this industry. If you are just barely keeping up or falling behind, you won't make it long in this age of automation and technology. We strive to stay far ahead of the technology curve and are constantly updating and improving upon our already proven solution. If you get stuck in the past, your profits will stagnate to a state of nothing. With a mixture of new talent and old school collection knowledge, we are able to handle the changing industry with ease. Making the Jump We understand the delicate nature of changing your software, but we also know how to make the switch as painless as possible. Why not take a look at how we could help improve your bottom line today? The worst thing that could happen is you find out your current software hasn't kept up with the times, and if you want to keep growing, a switch is not only helpful but necessary. We would love to be the ones to help you grow into the future and make you more profitable. You can reach us at 610-357-9360 or by email at ads_sales@accelerateddata.com . Good luck in the future and hope to hear from you soon! Tue, 31 Jul 2018 06:00:00 GMT http://accelerateddata.com/blog/16294/Staying-Ahead-of-the-Curve http://accelerateddata.com/blog/16178/Change-for-the-Better blog "We can't be afraid of change. You may feel very secure in the pond that you are in, but if you never venture out of it, you will never know that there is such a thing as an ocean, a sea. Holding onto something that is good for you now, may be the very reason why you don't have something better." -C. JoyBell C. Too often in business, and in life, we let the small success of our current situation hold us back from achieving our true potential. The fear that a wrong step will lead us down a dark and winding path keeps us from seeing the fact that a single step in the right direction can bring us face to face with our goals. This may seem like I'm simplifying a day at work, but if we do not take this life seriously and wholeheartedly, what do we have? The idea of achieving true potential may feel like a far-fetched notion, but when we let fear of change stop us from doing what we know needs to be done, we are only hurting ourselves and our colleagues.  Often times, a current solution or business rule is barely letting us stay afloat. We know there are better options out there, or more complete solutions, but we let the fear of change act as an anchor to hold us down. When is the last time you took a hard look at your collection procedures? I'm sure everyone can find some fault in their process, although many may not admit to it, but the opportunity to change for the better is always available. Often, the hardest things to change is something that is working. Although many people realize that there are better alternatives out there, many stay with their current technology out of convenience. The one question you must ask yourself is: Have your collectors been given all the tools they need to succeed by you and your team? In the ever-changing world of debt collection, we must be willing to change and grow with new solutions to allow our teams to be as successful as possible. In an industry that changes every day, the average collection group moves slowly to adapt to the environment. Does your current solution help you to stay ahead of the curve? Or do they hold you back from becoming the most successful company you could be? Flexibility and customization are two of the pillars that ADS is founded on. ADS and its employees strive every day to stay ahead of the constant changes affecting all of us on a daily basis. That's how we survived in this volatile industry for over twenty-five years. One thing that isn't going to change anytime soon is debt! Consumer debt continues to rise yet collection rates are falling. This is due in large part because of the failure to find the right system that will help you grow into the future. We want nothing more than to be the solution that pushes you over the top! The real question is; will you be the one to survive and recover all that money? Wed, 18 Jul 2018 06:00:00 GMT http://accelerateddata.com/blog/16178/Change-for-the-Better http://accelerateddata.com/blog/15444/AdvantEdge-Toolbox blog One of the big changes of the 2.0 release is the "Toolbox". The new Toolbox gives the client more options to perform custom inquiries for their business rules without the need for IT custom programming. This gives the client the power to wrap AdvantEdge around their business rather than having to "fit" their business into a rigid software system. Another benefit of the Toolbox is that in the event you do need some custom programming done, the IT staff at ADS can get it done quickly without having to do a whole new update of AdvantEdge. If you have IT talent on your staff, they will love our open Microsoft SQL platform that will allow changes to be made easily and effectively. However, if you do not have your own IT staff ADS would be more than happy to assist in setting up and using the new Toolbox application. Mon, 09 Jul 2018 06:00:00 GMT http://accelerateddata.com/blog/15444/AdvantEdge-Toolbox http://accelerateddata.com/blog/15443/Account-Linking blog In the collection industry, efficiency is extremely important in making sure that the organization is productive in their collection efforts. There are many ways to achieve increased efficiency. These can be accomplished through the workforce, through business processes, and through advancements in technology. One of the big changes to come to AdvantEdge version 2.0 is the Linking functionality. This feature allows collectors to quickly and easily find and pull up accounts that are related to a specific debtor. In many situations, organizations will have a single debtor with numerous accounts. If these accounts were not all established together, they will sit independently from each other in a collection portfolio. With the Linking feature, accounts with the same debtor can be linked together so that a collector can work numerous accounts for a single debtor at the same time. While many industries see these situations arise, one example of where this can be consistently seen is in the medical industry.   In the medical industry, it is not uncommon for someone to be admitted to the emergency room, then admitted to the hospital, then scheduled for follow-up visits and appointments. While these may be surrounding one incident, because the individual visits different doctors and locations, they may have numerous billed accounts. If the individual does not pay their invoices and is taken to collections, their accounts will be separate. By linking these together, collectors can prioritize which account should be paid first, highest, etc... The linking functionality can be set up to automatically post payments to specific accounts in the linked group based on specific business rules of the organization. This can be true for many different industries, and because of this, different industries will have a specific set of business rules to follow when collecting on linked accounts.   Another benefit to linked accounts is the ability to negotiate past due invoices together rather than separately. In most collection departments, there are specific business rules that tell the collector how much they can settle for depending on the financial situation of the debtor. When a collector is not able to see all the accounts attached to a specific debtor, the overall financial state of the debtor is not as accurate. By being able to quickly identify the linked accounts, collectors will be able to reach payment options on the batch of accounts more successfully.   AdvantEdge has been designed in a way to make it easy to link accounts. The software highlights numerous fields in the collections screen to help the collector identify linked accounts. These accounts can be linked on SSN, name and address, driver's license numbers, accounts numbers, or agency numbers to name a few. Payments can be applied to a lead account in the linked group, or payments can be spread throughout accounts. Please contact ADS to learn more about how AdvantEdge Linking functionality can work for your organization. Mon, 09 Jul 2018 06:00:00 GMT http://accelerateddata.com/blog/15443/Account-Linking http://accelerateddata.com/events/4617/RMA-Vegas events We'll be over at booth 100 this year, come say hi! Mon, 28 Jan 2019 06:39:52 GMT http://accelerateddata.com/events/4617/RMA-Vegas http://accelerateddata.com/events/4375/Debt-Connection-Symposium-In-Austin--TX-- events We'll be exhibiting at DCS this year, make sure to come see us at booth 907! Wed, 15 Aug 2018 08:42:39 GMT http://accelerateddata.com/events/4375/Debt-Connection-Symposium-In-Austin--TX-- http://accelerateddata.com/events/4333/ACA-Conference-in-Nashville- events We'll be at booth 616 showing off AdvantedEdge this year. Come say hi! Wed, 18 Jul 2018 03:57:06 GMT http://accelerateddata.com/events/4333/ACA-Conference-in-Nashville-