HOW DID COLLECTION TECH COMPANIES CREATE AI SOLUTIONS OVERNIGHT? THIS IS A REAL HOAX.
INTRODUCTION We can no longer watch as almost every technology vendor announces that they are...
Read moreRMEx provides controls to make sure your collection process is absolutely compliant every time. This process is guaranteed and documented. RMEx is intelligent collection software that allows you to create business rules that cannot be overwritten by a collector or human error. This creates documented guaranteed compliance every time.
Wondering who has the best collection technology? Are you evaluating systems, but comparing apples and oranges? RMEx will outperform the best systems – Watch this video to learn why RMEx’s machine-thinking, advanced automation and compliance features run circles around our competition. It’s time for you to hear about Quantrax!
Your clients keep asking you to do more. By using RMEx to create business rules to control costs, you can control how much money you spend on each and every account. And by allowing the the RMEx collection system to do more, you’ll be able to do more with less money, effort and time while increasing liquidation.
Quantrax is proud to have pioneered the development of intelligent debt collection software for the accounts receivable management industry. RMEx was designed to help overcome the limitations of existing data-base systems, increase the levels of automation and meet the needs of an ever-changing collection industry. RMEx is a completely different collection system than our competitors sell as it is designed to help control account flow, comply with regulations, and control costs on an account by account level.
Traditional software models make a basic assumption that you will need more people and resources as you take on more business. Think about the number of people you have added in the last few years. Today, the traditional model is so dominant and established that the primary method for evaluating a collection company’s success is the number of people they employ. This may have been applicable when we used cards or automated the card system, but is it viable in the information age and in a period when fees have been reduced so significantly? Most of today’s collections platforms are woefully outdated. Modern features like intelligent, multilingual chatbots that speak and understand natural conversations, along with compliant two-way text messaging, easily separate us from traditional collection platforms.
The RMEx collection system was designed to increase revenues per collector and lower operating costs by requiring less support personnel per collector. Does it work? Our new clients have consistently obtained gains in productivity that approach 40 and 50 percent compared to any other automated collection software application!
RMEx was created for the debt collection industry and has always focused on the average collection agency. By creating software with compliance, control, and cost in mind we were able to create an intelligent debt collection system.
Read moreHealthcare collections is one of the largest segments of the industry and a large segment of Quantrax’s’ business. We serve the largest hospitals down to the small regional healthcare collection agency. RMEx has controls that..
Read moreGovernment collections has long been considered as one of the most sought after verticals by collection agency owners. But entry into government collections has always been difficult due to the extreme regulations involved.
Read moreThe collection of automobile debt is a complicated undertaking. Due to many and varied charges from repossession fees, remarketing fees, late fees, and many more misunderstood fees and charges the consumer needs educating.
Read moreThe regulations around student loan collections have always made entry into this vertical difficult for collection agencies. There are not only regulations but complicated re-aging rules and policies that create difficulties from a collection..
Read moreLegal collections has been the fastest growing segment of debt collection over the last five years, driven by the bad economy many issuers and debt buyers have rushed to judgment over the last few years. The trend towards legal collections
Read moreThe RMEx collection system creates compliance with its account flow controls. By using RMEx to force account flow you are creating documented and guaranteed compliance. This is technical compliance as well as operational compliance. By controlling when a letter can be sent by a collector you can create compliance by using the artificial intelligence included within RMEx.
The ability to create cost controls within RMEx allows you to spend more money on the more collectible accounts and less money on the least collectible accounts. This is an absolute cost control as a collector cannot override the controls want set in place. Only management can change the account flow once established.
The process controls included in RMEx allow you to create a dedicated process for not only account flow but also for other areas such as payment processing , reporting, client requests and vendor control. These controls are absolute and cannot be changed by anyone except management.
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