Grand Rapids, MI — Comtech Systems, Inc. and WebRecon LLC announced today a strategic partnership to connect users of Comtech’s Collect! ARM solution with WebRecon’s consumer litigant database. The alliance will give users of Collect! the ability to easily recognize and actively protect themselves against consumers with a history of litigating collection agencies.
Both companies are market leaders in their respective areas.
According to WebRecon LLC CEO Jack Gordon, lawsuits against collection firms have been growing at an unprecedented rate. “Not only are the numbers of lawsuits growing each year,” he said, “but the pace of that growth is speeding up. In 2009, we are on track for an astounding rate of 44% growth over 2008.”
“The impact of these lawsuits on small and mid-sized collection agencies can be devastating,” adds Gordon. “This service helps agencies avoid a significant percentage of those suits, saving many thousands of dollars in legal fees and settlement costs for each one prevented.”
Comtech Systems Inc. is the first of the major software providers to acknowledge the effect of this alarming growth on their client base and implement appropriate mechanisms to prevent possible unnecessary litigation. According to Comtech CEO H. Neal Cropper, “We understand the pain this issue is causing our clients, and we are thrilled to be in a position to help them address it. WebRecon is offering a number of options to our user base, from a very low cost list of litigants to full database scrubbing that we will be able to integrate back into their databases. There is an option for every agency.”
About Comtech Systems, Inc: Comtech was founded in 1988 and is headquartered in Victoria, BC, Canada with an additional office in Brisbane, Australia. Comtech’s flagship product, Collect!, is widely recognized as the leading business management software solution for the world’s receivables management industries.
Comtech’s software is installed in 38 countries by over 1,200 companies including collection agencies, debt buyers, credit grantors, medical and dental billing offices, legal offices, municipal fine collection offices, car dealerships, rental application verification offices, credit grantors and a host of finance, credit and billing organizations.
About WebRecon LLC: Creditors and collection firms use WebRecon’s services to easily segregate predictably litigious consumers from their databases. A significant percentage of consumer litigation is initiated by the same consumers over and over again, and screening them out of the general population can reduce lawsuits by as much as a third.