Debt Resolve partners with BPO vendor to enhance its billing and collection services
November 4, 2011
Debt Resolve, announced that it has entered a marketing partnership with a business process outsourcing (BPO) leader that will market Debt Resolve’s patented DR Settle(TM) and its DR Prevent(TM) solution to the BPO provider’s clients and integrate the BPO’s collection platform to these Debt Resolve solutions. The new partner has hundreds of bank, utility and government clients worldwide. The revenue and order backlog of the BPO are in the multiple billions of dollars. The BPO and its affiliated companies employ over 30,000 professionals and provide end-to-end IT and business process services to clients worldwide from offices in North America, Europe and Asia.
David Rainey, Debt Resolve’s President and Chief Financial Officer, stated, “This partnership agreement is the most significant to date since the company began to partner with key billing and collection industry providers to sell our solutions to their clients. Our strategy to leverage the existing client relationships of our new business partners to drive revenue growth is beginning to accelerate. The potential revenue from this partnership is substantial.”
Michael Cassella, Debt Resolve’s Chief Operating Officer, stated, “Establishing a partnership with an industry leading BPO provider and the integration with their collection platform is a significant step for Debt Resolve. With the substantial reach into the banking network that the BPO has established, we feel that offering our patented late stage negotiation tool DR Settle and our early stage DR Prevent solution are a natural fit. We are very excited to now be able to offer their customers the best and most functional web collection tools.”