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BYL Improves Debt Collection Process Using Latitude Software

^{Published on 2011-04-12 07:06:11 - Market Wire}
 

JACKSONVILLE, Fla. & WEST CHESTER, Pa.--([ BUSINESS WIRE ])--BYL Risk Management has deployed a [ debt collection software suite ] from Latitude Software, an Interactive Intelligence (Nasdaq: ININ) company, to recover customer debts more rapidly.

"We anticipate Latitude Workflow to add even more benefit by reducing our human resource-related costs through more efficient workflow management"

aBy segmenting and analyzing client data in our system, the Latitude software suite has enabled us to improve our debt collection effectiveness,a said BYL partner and senior vice president of operations, Raymond Stein. aWe can now easily segment our clientsa™ accounts receivables and develop targeted strategies against each segment, which has resulted in a 99 percent customer retention rate.a

BYL selected the Latitude software suite based on its ease-of-use, reporting capabilities, and customization options, according to Stein. aWe specialize in accounts receivable management for healthcare, property management, retail, utilities, and financial services,a he said. aThe Latitude suite has enabled us to adapt to these different business models quickly, while tailoring solutions that best fit their unique needs. No other debt collection software on the market would have allowed us to do that.a

BYL is using the [ Latitude Center ] suite, which is designed to streamline and manage the entire collection process, as well as track collection agent goals and productivity. It is supporting the companya™s more than 50 collection agents who are located at its headquarters office in West Chester, Pa.

BYL is also using [ Latitude Exchange ] to import and export account data, and Latitude Web Access to enable its customers to access reports and account-level detail online.

In addition, the company recently purchased [ Latitude Workflow ]designed to automate customer and account-level collection processes, customize account treatment strategies, and manage compliance parameters and exceptions handling. aWe anticipate Latitude Workflow to add even more benefit by reducing our human resource-related costs through more efficient workflow management,a Stein concluded.

About BYL Risk Management
BYL Risk Management offers business process outsourcing solutions for companies in the healthcare, property management, retail, utilities, and financial services industries. BYLa™s professional services are designed to help businesses streamline operations by providing employee background checks, debt collection, and accounts receivable outsourcing. The West Chester, Pa.-based company was founded in 1998 and employs more than 50 people serving 200-plus customers. For more information about BYL, call 877-840-8102, e-mail [ info@bylcompanies.com ], or visit [ www.bylcompanies.com ].

About Latitude Software
Latitude Software, an Interactive Intelligence company, provides debt collection software and services. Latitude offers hosted and on-premise solutions that are easy to use and include comprehensive functionality for faster, more effective debt collection and portfolio recovery. The Latitude software suite is built using the latest Microsoft .NET development tools and Microsoft SQL server database technologies. Latitude was founded in 1997 and serves more than 200 companies nationwide. Latitude is headquartered in Jacksonville, Florida and can be reached at 866.396.2599, [ sales@debtsoftware.com ], or on the Net at [ www.debtsoftware.com ].

About Interactive Intelligence
Interactive Intelligence Inc. (Nasdaq: ININ) is a global provider of unified business communications solutions for contact center automation, enterprise IP telephony, and business process automation. The companya™s solutions can be deployed via an on-premise or hosted model. Interactive Intelligence was founded in 1994 and has more than 4,000 customers worldwide. Interactive Intelligence is among Software Magazinea™s 2010 Top 500 Global Software and Services Suppliers, and Forbes Magazinea™s 2010 Best Small Companies in America. The company is also positioned in the leadersa™ quadrant of the Gartner Magic Quadrant for Contact Center Infrastructure, Worldwide report (Feb. 22, 2010). Interactive Intelligence employs more than 800 people and is headquartered in Indianapolis, Indiana. It has 19 offices throughout North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Interactive Intelligence can be reached at +1 317.872.3000 or [ info@inin.com ]; on the Net: [ www.inin.com ].

This release may contain certain forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially are described in the company's SEC filings.

Interactive Intelligence Inc. is the owner of the marks INTERACTIVE INTELLIGENCE, its associated LOGO and numerous other marks. All other trademarks mentioned in this document are the property of their respective owners.

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