The new offering includes full receivables servicing, collections, and portfolio management based on a percentage of portfolio balance.
Scottsdale, AZ (October 10, 2011) — Equiant announces new Basis Point Pricing on their full range of receivables servicing, collections, and portfolio management options.
Frank Morrisroe, President, states, “Our traditional rate per account plus pass-throughs has always been a cost-effective alternative to in-house billing, payment processing, and collections. Equiant’s portfolio oversight, best practices, and economies of scale are significant benefits to our clients. However, the drawback is the cost volatility our clients face month to month due to servicing activity fluctuations. Our new pricing model smoothes out the costs providing predictability that is scalable to the size of the portfolio.”
With Basis Point Pricing Equiant can quickly illustrate the true and total cost of outsourced portfolio management.
“When I talk with a developer or lender and together we identify the multiple costs spread throughout a typical proposal, they’re usually pleased at the savings and simplicity of Equiant’s Basis Point Pricing”, indicates Eric St. Hilaire-Smith, VP Business Development.
Existing Equiant clients may contact their Client Relationship Manager for more information. If you would like more information on using Equiant for servicing, portfolio management or custodial solutions, please contact:
Eric St. Hilaire-Smith
Vice President, Business Development
Equiant’s receivables servicing and portfolio management maximizes revenue, shortens collection cycles, improves efficiencies, allows clients to predict costs, and controls bad debt risks. Equiant can load new or aged receivables, generate billings (paper or electronic), collect payments, perform customer service, execute comprehensive collection campaigns, certify and securely store collateral, and provide extensive online reporting for all services provided. Strategic receivables and delinquency solutions combine with analytics to maximize a portfolio’s performance.