Bailey, CO (PRWEB) December 16, 2009
DataRose, LLC today announced that LexisNexis® Risk Solutions has become a member in DataRose's newly formed EqualXchange Network.
The EqualXchange Network enables the seamless exchange of data between LexisNexis® Risk Solutions and its current and potential credit and collections customers without the use of traditional software interfaces. The EqualXchange Network uses leading-edge technology and a library of interfaces to very quickly create data exchange processes that are more reliable, scalable, and cost effective.
The EqualXchange Network is the product of four years of planning and development by DataRose and relies on its proprietary data mapping and translation technology known as EqX. EqX programmatically translates the sender's data into the receiver's data format, enabling different software systems to communicate seamlessly as if they were the same software.
"The EqualXchange Network is literally changing the way the credit and collections industry operates," says Jonathan Cleary, DataRose CEO. "This is an industry that relies heavily on the ability of all parties across the entire value chain to share data. Doing so has historically been a challenge, resulting in inefficiencies and higher costs. The EqualXchange Network gives the industry "plug-and-play" data exchange compatibility. Now, it no longer matters that everyone uses different software."
The EqualXchange Network is a single source, web-delivered, software as a service (SaaS) solution that facilitates data exchange between the hundreds of data and service providers - credit bureaus, skip tracers, letter vendors, etc. - and the thousands of creditors, collection agencies and law firms they serve. Eliminating the data exchange problem increases customers' access to a greater number of data driven products and services, and reduces current dependencies on everyone's IT resources to deliver and receive those services.
DataRose (http://www.datarose.com) is the leading provider of data exchange and business process automation services for the Credit & Collections industry. DataRose's EqX Collect Connect and EqX Vendor Connect services enable creditors, debt buyers, collection agencies and attorneys to seamlessly exchange account data and documents.