Akcelerant Customer Shares Story of Improved Collections

Published on:
31 January 2011 at 06:29 a.m. ET

Written by: Press Release –

http://www.insidearm.com/news/00022271-akcelerant-customer-shares-story-of-impro/

MALVERN, PENNSYLVANIA – Akcelerant, a provider of connected software technology to the financial services industry, and SchoolsFirst Federal Credit Union, a California-based credit union with 8.3 billion in assets, appeared in the January 17th edition of the CU Journal after participating in an interview about how Akcelerant’s industry-leading software platform, the Akcelerant Framework, has played a key role in improving collections at SchoolsFirst.

Since implementing the Akcelerant Framework in 2009, SchoolsFirst has seen improvements in departmental efficiency, increases in kept promise-to-pays, and an overall rise in collection success rates (increasing from 27% to 38% in just one year). Billy Wagner, business analyst at SchoolsFirst, was quoted calling the software’s reporting capabilities a “game changer” and touts the huge impact workflow has made in streamlining the credit union’s collection best practices.

“SchoolsFirst is an industry-leading credit union, and we are excited to see that the Akcelerant Framework is making such a positive impact on their collections department,” states Eric Snyder, executive vice president, business development at Akcelerant. “Results like those seen at SchoolsFirst illustrate how the powerful features found in the Akcelerant Framework can help to effectively reduce delinquency, increase efficiency and drive productivity to new levels.”

The complete article can be viewed in the January 17 edition of the Credit Union Journal and is accessible online at http://www.cujournal.com.

About Akcelerant Software LLC
Akcelerant, with offices in Malvern, Pennsylvania and Vancouver, British Columbia, provides connected software applications to the financial services industry through multiple product lines and integration to best-of-breed service providers. Approximately 500 financial institutions in all 50 states and all provinces of Canada are currently using Akcelerant technology. For more information about Akcelerant, visit www.akcelerant.com.