TEC Announces New Skip Trace Optimization Service

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TEC Analytics announced a service line extension today that makes their best practices in skip tracing and asset identification available in a configurable and hosted expert system.

TEC Analytics, a division of TEC Services Group, announces a new service line that provides expert data waterfall systems. Each expert system leverages performance data, analytics and TEC’s expert knowledge to determine the right vendors, data workflow and strategies to boost recoveries.

Building and maintaining effective data strategies takes an ongoing and cross-functional commitment in resources. Too often data strategies become stale and decisions place too much weight on data cost and right party contact (RPC) rates. As a result companies miss a real opportunity to make measurable and rapid gains in revenue and performance. Using champion challenger vendor testing, analytics, industry best practices and performance data, TEC is taking the guesswork out of designing and building strategies that work.

“As a consulting practice we help companies optimize the use of internal and external data to make meaningful gains in their business. We see patterns in the vendors and strategies that work for specific debt types and account characteristics.” Said Will Turner, Vice President of TEC Analytics. "Companies usually want us to start by jumpstarting their process with the proven strategies and best practices we know work and will provide an immediate impact on their business. Our expert systems deliver this without the larger upfront consulting fees. “

TEC provides additional performance insight through weekly analytic reports that track key performance indicators (KPI’s) to measure and calibrate strategies. Each expert system leverages TECnet, a platform agnostic service provider network that enables seamless data exchange between any collection and legal software system through a single interface.
Available Expert Waterfall Systems include:

  •     Phones
  •     Assets (POE & Bank)
  •     Addresses
  •     Public Records

About TEC Services Group
TEC Services Group has been providing “real world” technology and operational consulting to the Accounts Receivable and Debt Collection industries for more than a decade. TEC’s executive leadership team averages 23 years expertise in the management of Accounts Receivable operations and IT, while the average of all team members is more than 18 years Credit and Debt Collections experience. TEC has helped scores of collection organizations to improve efficiencies and increase recoveries through the use of information technology and best practices. For more information please visit http://www.TECsg.com or call (941) 375-0300.

About TEC Analytical Services
TEC Analytical Services, one of three divisions of TEC Services Group, provides consulting and outsourcing services to solve problems across the credit and collections lifecycle. Our professionals combine thought-leadership and information technology with data and analytics to help bring rapid profit improvement to our clients. For more information please visit http://www.TECsg.com or call (941) 375-0300.

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Will Turner