Outsourcing collections no longer means giving up efficiencies, visibility, and control – and paying for the privilege – all because your software doesn’t talk to their software.

EqX provides debt forwarders with the same cost efficiencies, data visibility, and collections management effectiveness, as if all of your outsource collections agencies and attorneys were working with you, in-house, using the same software.

Economic Benefits

• Faster Collections and Better Liquidation Rates
• Reduced Operating Costs
• Greater Scalability

• Increased Visibility, Predictability, and Management Effectiveness
• Greater Measurability of Collections Results
• Immediate On-Boarding of Any New Collections Partner
• Enhanced Compliance Risk Management Capabilities
• Reduced Burden on IT Resources

Reduced Operating Costs
EqX fully automates your account forwarding, tracking, and reporting processes. Nobody has to re-enter data, receive and re-enter reports from outsource collectors, chase lost accounts and documents, or make numerous phone calls each day to collectors to find out what’s going on. You just don’t need so many people. Or desks. Or computers. Reduction of other costs such as telephone bills and mailing and overnighting documents are also inevitable.

Increased Visibility, Predictability, and Management Effectiveness
The constant availability of current information from all outsource collectors leverages management effectiveness. Without waiting for external reports, forwarders can quickly see the status of all outsourced accounts, monitor and analyze results, and better model cash flows.

Greater Measurability of Collections Results
EqX provides the ability to “scorecard” outsource collectors’ results. This powerful tool lets collectors demonstrate their effectiveness and facilitates forwarders’ placement of debt with those firms best able to collect it.

Immediate On-Boarding of Any New Collections Partner
Effectiveness, not software, should determine who works with whom. Since EqX makes software incompatibility obsolete, the playing field has been leveled. With no more interfaces to write, on-boarding a new collector is immediate and requires no up-front investment.

Enhanced Compliance Risk Management Capabilities
The seamless, continuous flow of data and documents increases regulatory compliance oversight and tracking. EqX affords immediate verification and substantiation of compliance throughout the collection process.

Reduced Burden on IT Resources
Because EqX makes software incompatibility irrelevant and eliminates your reliance on workarounds, your IT staff doesn’t have to work so hard. They can turn their attention back to supporting the collections process and internal operations.