Ontario Systems Announces Collect Savvy for Debt Collection Agencies

MUNCIE, Ind. — Ontario Systems, a leading provider of accounts receivable and revenue cycle management solutions for collection and health care industries, announces the introduction of Collect Savvy, a new software solution designed for better debt collection management. With a focus on reducing and controlling costs while making collections more strategic, Collect Savvy provides collection agencies the flexibility and intelligence needed to make agile decisions in an ever-changing industry.

From contact management to month-end processes, Collect Savvy automates everything based on the agencies needs and objectives. The software’s variety of new features is highlighted with Strategy Commander, which allows users to select a specific strategy for each account or group of accounts and then instructs the system to automatically follow the rules of the strategy. The system can estimate the cost of each action, estimate the return, and present the user with pinpoint ROI. In addition to Strategy Commander, Collect Savvy offers the Champion/Challenger feature, which enables users to see which strategies are meeting goals and which are not so that the strategy can be adjusted accordingly.

“With declining margins and decreasing liquidation, combined with ever-changing technology and regulations, collection agencies are looking for a way to keep pace in a brutal market,” said Tony Reisz, CEO, Ontario Systems. “Collect Savvy not only offers users improved collections, but the intelligent tools it takes to make better business decisions. The software enables agencies to become smarter, more agile, and more profitable, all with no money spent in up-front capital expense.”

With the incorporation of the Microsoft Dynamics CRM platform into Ontario Systems’ software suite early this year, Collect Savvy users will improve their overall cash flow and realize cost reductions and operational efficiencies. In addition, because of the wide familiarity with Microsoft products, training and implementation become faster and easier. Aiding in the transition to Collect Savvy, the software also offers a Migration Navigator feature, which enables users of previous Ontario software versions like FACS, Artiva, or competitive software the ability of migrating to Collect Savvy with minimal effort or downtime.

“After using FACS for nearly twenty years, our agency has been blown away with the features and functionality of Collect Savvy – it’s basically night and day as far as ease-of-use,” said Nate Olson, Vice President of Operations, Illinois Collection Service, a customer who has been testing Collect Savvy through Ontario’s Technology Adoption Program (TAP) the last three months. “The feature-driven software, logical user-interface and support from Ontario make Collect Savvy very easy to use – essentially taking all of the programming associated with new software out of the picture. Ontario continues to design tools that deal with the issues we are all facing out in the market.”

Other significant features include:

•     Best Data – ensures users have most accurate and effective demographic information available
•     Data Services Waterfall – allows users to control what data sources they use when they pull them
•     Matching – lets agencies take advantage of data services they have already purchased and share the data across accounts
•     Business Intelligence – provides detailed reporting capabilities with logical, real-time dashboards that highlight key performance indicators
•     SmartTouch Financial – gives users automated period-end processing to handle report balancing, payment records and the seamlessly send client statements electronically.

Availability:

Collect Savvy is available immediately and can be deployed on-premise or as a Software-as-a-Service (SaaS). For more information about Collect Savvy, visit www.ontariosystems.com.

About Ontario Systems:
Founded in 1980, Ontario Systems, LLC, is a leading provider of revenue cycle and collection management solutions for the health care and accounts receivable management industries. The company’s customers are among the nation’s top 100 hospitals and health centers. More than 55,000 representatives in more than 500 locations – including nine of the top 10 U.S. collections firms – use Ontario Systems software and services. More information, call 800-283-3227 or visit www.ontariosystems.com.