Deliver empathy and efficiency in your collection process
Debt collection is essential for any bank or credit union, but it can be tedious, time consuming, and stressful for everyone involved. Despite the digital era we are in, many financial institutions are still using outdated software and manual processes in their collection strategy – making it a bad experience for borrowers and lenders. With Temenos Collections, financial institutions can streamline internal processes and create a better experience.
Fully automated collections
- Boost efficiency using rules and workflow automation to create meaningful queues, reduce delinquency and protect income.
360° views of account holder relationships
Not all relationships are created equal. Understand the nuances at a glance from multiple accounts and balances to otherwise perfect payment history to strategize an effective collection approach.
Unified specialty process handling
Finally, a single solution for all specialty processes. Leverage case types to identify and handle special cases in a consistent and efficient manner – eliminating the need for guesswork, additional spreadsheets, and other error-prone manual processes.
Comprehensive reporting and analysis
Visualize and manage key data with automated reports for performance tracking to measure actual results against KPI’s. For presentations to management, portfolio information can be presented through graphs and charts using Microsoft® SQL Server Reporting Services.
Quick & easy self-configuration
With simplified admin capabilities, you are in control of your environment and processes. Create custom fields or build queues, views, reports, and letters on the fly without IT constraints or additional costs.
Seamless third-party integration
Easily integrate with third-party technologies using certified connectors or a robust API. Using a third-party to outsource collection calls or process payments. Our strong integration points and open technology saves you time and money by reducing system toggling and other manual processes.
Real results
The thing that drew us to Temenos was that it was, at its heart, a core collections system, which we desperately needed. And we could configure different workflows to fit our bank´s existing process.” Louise Burg VP Consumer Special Assets Group and Mortgage Quality Assurance
Measurable success
75% increase in efficiency 86% increase in valid contacts 12 hours of processing time saved each month
Connectors
- Accurint Lexis Nexis – This connector allows users to initiate a real-time skip trace against a particular account and a history of all past skip trace searches are maintained in the system.
- Allied CPI Allied Solutions – This connector provides integration to Allied Solution’s Collateral Protection Insurance (CPI), a solution for managing risk and minimizing the administrative hassle associated with tracking insurance on collateralized loans.
- ApplicationXtender MetaSource – This connector allows documents attached to a loan application to be archived and stored with ApplicationXtender.
- Banko Lexis Nexis – This connector supplies an automated process to send and receive comprehensive bankruptcy data to help minimize risk and maximize collection and recovery efforts.
- BillingTree BillingTree – This connector provides direct integration to BillingTree’s Payment Suite, allowing users to enter and originate ACH and credit card transactions.
- Certegy FIS – This connector enables institutions to import additional credit card account information directly into the system.
- Collection Advantage Experian – This connector is an all-in-one tool offering easy access to credit-based scoring, consumer contact data and analytical services.
- CO-OP Co-Op Financial Services – This connector allows institutions to receive additional credit card account information directly through the system.
- CPI State National State National Companies – This connector accesses real-time data from State National’s Insurtrak providing seamless integration to CPI data directly within the system allowing an account holder’s insurance status, claim submissions and insurance submission within a single platform.
- CPS Fiserv – This connector allows institutions to receive additional credit card account information directly through the system.
- Credit Reporting Luxor Technologies, Inc. – This connector retrieves and stores credit report information from Experian, Equifax and/or TransUnion through a third-party credit reporting service.
- Credit Union Student Choice Credit Union Student Choice – This connector allows financial institutions to import student loan data directly into the Collection module, allowing for easy risk management within a single system.
- TriVerity TriVerity – The TriVerity Connector is a fully integrated and streamlined connector that has been a trusted collection partner since 2009; one of the original Collection modules outsource partners. Feel confident, knowing your institution’s accounts are being handled by professionals specifically trained to collect on past due accounts.
- Equifax Equifax – This connector gives institutions access to Equifax credit bureau reports directly through the system.
- Evans, Simpson & Associates Evans, Simpson and Associates, Inc. – This connector provides Temenos customers with real-time access to Evans, Simpson and Associates’ (ESA) suite of insurance products.
- Experian Experian – This connector gives institutions access to Experian credit bureau reports directly through the system.
- FICS FICS – This connector offers financial institutions access to additional mortgage information not offered directly from their core processor.
- Grant & Weber Grant & Weber – This connector is designed to allow financial institutions to take advantage of the pre-charge off account management and recovery outsourcing services provided by GRANT & WEBER directly through the system.
- NACHA NACHA – This connector provides secure and efficient ACH transactions within the system.
- NCCI NCCI – This connector provides the ability to submit requests including real-time field calls and property inspections to NCCI in the system.
- PSCU PSCU – This connector enables institutions to access additional credit card information for accounts. Users can choose from PSCU’s standard option or their Data eXchange, which offers real-time information.
- PSCU Total Collections PSCU – Financial institutions can outsource some or all of their collection activity to PSCU using an automated process fully integrated into the system.
- Securian Securian Financial – This connector provides a real-time interface that allows users to access Securian’s claim system that gives you the ability to submit, track policy claims, and upload documents for credit protection directly within Temenos Infinity.
- SWBC AP Account Services SWBC – This connector gives institutions the ability to outsource collection calls using SWBC’s AutoPilot Services.
- SWBC Insurance SWBC – This connector enables institutions to access policy details, create new claims, and track claims for SWBC’s Collateral Protection Insurance (CPI).
- SWBC Loss Mitigation SWBC – This connector delivers a unique suite of insurance and collection services, including service requests for asset recovery, repossession, remarketing, and legal, as well as submission and tracking of collateral protection claims.
- SWBC Payments SWBC – This connector provides direct integration to SWBC’s Electronic Cash Management Tool (ECM) for highly secure and efficient electronic ACH and Credit Card transactions.
- TransUnion TransUnion – This connector provides users with a secure transfer method for retrieving credit bureau reports through the account servicing solution.
- Vantiv/Worldpay Vantiv – This connector enables institutions to receive additional credit card account information directly through the system
- XDI Xpress Data Inc – This connector allows letters to be exported directly to Xpress Data to be produced and delivered
Interfaces
Finastra FIS Fiserv Jack Henry Ultradata IBS, Miser Advantage, CBS, DataSafe, DNA, Premier, Spectrum, XP2 Symitar Episys