Qualco UK, a leading provider of panel and asset management software analytics, has been shortlisted for the ‘Best Collections Technology’ award at the forthcoming annual Credit Today Awards.
Finalists for the category each had to highlight how a technology demonstrably created an advantage for a creditor or credit services business in its collections activity. Qualco put forward its success story with a leading debt purchase in which a 13% uplift in collections was experienced using its ExtraCollect platform. This is despite the stage of the debt life cycle the technology was employed at; it had been exhausted both internally and externally and was about to be written off. The end result of the project enabled the client’s investors to maximise their pre-sale value and net return, and go on to sell the portfolio.
Christian Jacob, Managing Director for Qualco UK commented, “We were delighted with the results achieved on behalf of this client and it is great that this was also recognised by the shortlisting panel of the Credit Today Awards. It will be interesting to see how we fair at the ceremony in May”
The awards event is to be held at the Grosvenor House Hotel, London, on 12th May 2016, and it will be attended by an expected audience of around 1,200 credit professionals from across the industry.