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Irvine, California—November
28, 2006—Apollo Enterprise Solutions LLC, the leading
provider of web-based payment and collection technology, announced
today that it has surpassed the transaction processing benchmark
of $2 million daily in online collections for its clients through
its Apollo True™ Collect™ system. This
transactional milestone more than doubles the daily online collections
achieved by the company during the previous month.
Michael Walker, Apollo’s Chief Operating Officer,
commented, “This significant increase in daily collections
continues to demonstrate the effectiveness of Apollo’s intelligent
decisioning technology. Apollo’s system presents customized
payment or settlement offers to debtors that are matched to collector
guidelines and each debtor’s individual ability to pay. Our
products continue to generate strong response from primary creditors
and third-party recovery firms interested in scaling their collections
and complementing their current collections technology infrastructure.”
Recognized as one of the most promising and efficient
new technologies, the Apollo True™ Collect system has transformed the way
the industry thinks about the role of technology in collections
and recovery. This first-of-its-kind system utilizes a hosted application
that integrates historical account and payment information, real-time
credit bureau data, and collection rules and guidelines to optimize
self-service payment options. As a result, the Apollo True™ Collect system
delivers an immediate lift in the collections and recovery portfolios
of its current roster of clients that includes credit card issuers,
finance companies, debt buyers and collection agencies.
About Apollo Enterprise Solutions
Apollo Enterprise Solutions, LLC, headquartered in Irvine, California,
provides enterprise-class web-hosted solutions for a variety of
industries involved in receivables management and debt collections.
At the heart of Apollo’s True™ Collect™
system is the patent-pending True™ Collect Decision Engine™ which provides
Decisioning Intelligence™, a revolutionary process that delivers
more debtors for recovery and settlement and more dollars per settlement
by creating individual, customized offers that reflect a debtor’s
most realistic ability to pay.
For further information contact:
Apollo Enterprise Solutions, Inc.
2101 Business Center Drive, Suite 215
Irvine, CA 92612
(562) 437-7855
jkonowiecki@apolloenterprise.com
www.ApolloEnterprise.com
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