Embedding DRN’s Data and Analytics Improves Collections
FORT WORTH, TX 01/12/2015 – Digital Recognition Network (DRN) (www.DRNData.com) and Shaw Systems Associates, Inc., (www.ShawSystems.com) announced that Shaw will be embedding DRN’s location data and scoring analytics into their Collections software platform. The new data and analytics will allow Shaw to address collections issues earlier in the workflow and to improve collections outcomes.
“By embedding DRN’s data and scoring into our platform, we are continuing our commitment to serve lenders and provide the most advanced collections capabilities. We can begin to address the collections issue at day one past due by scoring and determining the best location for making contact. This agreement furthers our commitment to providing the most comprehensive and compliant collections solutions in the market,” said Stephen Brannon, Director of Business Development at Shaw.
DRN’s location data is comprised of vehicle location data that is gathered throughout the U.S. The information is plugged into scoring solutions that can determine whether a given address is likely a “good” or a “bad” address for contact. In the collections business, knowing the correct address for making contact increases positive outcomes for lenders. By scoring throughout the collections process, Shaw’s clients can address collections issues earlier in the collections lifecycle and work earlier to prevent defaults and accelerate repossession.
“We are excited to partner with Shaw on this embedded solution. Through this integration, Shaw is making DRN’s unique data and cutting edge analytics available immediately to their over 300 clients. We have seen our location data and scoring solutions literally transform the collections process for our customers,” said Chris Metaxas, Chief Executive Officer at DRN.
DRN is a leading provider of data and analytics to the Financial Services, Insurance and Asset Recovery industries. Our solutions enable our clients to more effectively optimize their portfolios, reduce losses, detect fraud, and manage risk. An industry pioneer in vehicle location data and license plate recognition technology and services, DRN covers every major metropolitan area in the United States and maintains the largest vehicle location database under strict standards of privacy, compliance, and data integrity. To find out more, contact [email protected], visit us online at www.drndata.com, or call us at (817) 877-0077.
About Shaw Systems Associates, Inc.
Shaw Systems Associates is a financial technology company specializing in loan and lease servicing, collections and recovery management software. The company’s enterprise solutions process millions of accounts daily and support more than $300 billion in assets for clients ranging in size from the world’s largest financial institutions to the local community bank. Since 1967, Shaw has had a singular focus on credit management software, enabling the company to devote all of its innovation and expertise to providing a customized, cost-effective solution delivered in a commercial off the shelf package. Visit www.shawsystems.com to learn more.