Collection Advisor - Ontario Systems Collect SAVVY Solution as One of the Top 4

Collection Advisor Magazine Names the Ontario Systems Collect SAVVY Solution as One of the Top 4

Collect SAVVY helps companies of all sizes successfully manage account receivables and ensure compliance

October 20, 2011, Muncie, Indiana—Collection Advisor Magazine has named the Ontario Systems Collect SAVVY™ solution as one of the Top 4 High End Collections Solutions for 2011. Collect SAVVY is a scalable, subscription-based SaaS software suite for small to large companies in the accounts receivable management and healthcare industries. Of the four companies recognized, Ontario Systems was noted as having the largest number of employees at 460 and the largest number of installations at 55,000 seats.

“Collect SAVVY is setting a new standard for the industry,” said Tyler Roark during his keynote address at the company’s annual customer conference. “We’re changing the game and recasting the landscape with this new offering, and I’m really excited about it.” Roark is Senior Product Director for Ontario Systems and has been with the company for 16 years in various key roles including leading “Frontline” client services, implementations, solution consulting and the requirements team.
Collect SAVVY features an integrated dialer, and is the only solution on the market that includes Strategy Commander functionality out-of-the-box along with access to the Connect Savvy solution, both one-of-a kinds in the industry. The full feature set “demonstrates Ontario Systems deep knowledge of the receivables business” says Roark, and includes the following:

Strategy Commander: An unparalled business workflow management tool that automates specific strategies and instructions for each account or a group of accounts including cost tracking and estimated return to evaluate which strategy is most efficient - - - The only feature of its kind in the market

• Champion Challenger: Leverage best practice strategies or customize your own to immediately evaluate results across similar accounts with no programming required
• Margin Watch: Save money and increase performance by monitoring an account’s treatment strategy, making adjustments as needed to align to a margin threshold guideline controlled by the user
• Best Data: Improve your chances of collection success by controlling what data sources you use and when you pull them
• Business Intelligence: Improve profitability by monitoring key performance indicators in real time with easy-to-use drill down capabilities
• Matching: Share data across accounts by leveraging your existing data services to tie multiple accounts together and/or work them in a unified or separate manner
• Smart Touch Financial: Automate period-end contracts, payment records and statements
• Connect SAVVY: Gain flexible access to respected data and service providers in a hosted hub and spoke network - - - The only solution of its kind in the market

Collect SAVVY user, Terry Glidden, client and operations manager, Atlas Collections, Muncie, IN says that the solution provides data that is organized and easily available, making training his staff smooth. He also says it allows his management team to determine the internal process that will move inventory through the collection and litigation processes, “thus clearing the dark corners of hidden inventory.”

Says Glidden in the article, “Utilizing Collect SAVVY’s hosted solution has provided a tremendous advantage in our SSAE-16 efforts specific to disaster recovery and data security.” Effective June 15, 2011, SASE-16 is an enhancement to the current standard for Reporting on Controls at a Service Organization, the SAS70, for organizations that perform outsourced services that affect the financial statements of another company.

 “Compliance with the law is critical to securing our customers’ future and the future of the collection industry. I am excited to bring a proactive approach toward compliance through this state of the art software solution.” said Rozanne Andersen, who was a featured contributing expert as chief compliance officer and VP of sales and marketing for Ontario Systems, in the Collection Advisor cover story, “Keeping Up with a Changing Climate.”

To read the full article, click here for a PDF download:
To request a product demonstration, click here.

For talk to a representative for more information on the path to Collect SAVVY, vis a vis the Ontario Systems Advance Solutions (FACS Advance, Artiva Advance and Artiva Healthcare Advance), please call 800-282-3227.

About Ontario Systems
Founded in 1980, Ontario Systems, LLC, is a leading provider of collection and revenue recovery and management solutions for the accounts-receivable management and healthcare industries. The company’s customers include nine of the top 10 US collection firms and the nation's top 100 hospitals and health centers. More than 55,000 representatives in more than 500 locations representing 30% of the debt placed in the United States use Ontario Systems software and services. For additional information, call 800.283.3227 or visit www.ontariosystems.com.