Accounts Receivable Management Provider TekCollect Earns SAS 70 Compliance

TekCollect has furthered its reputation as one of the nation’s leading providers of accounts receivable management services by earning the American Institute of Certified Public Accountants’ SAS 70 Certification. Companies must undergo extensive review to receive this highly sought after certification.

The Statement on Auditing Standards No. 70 — more commonly referred to as SAS 70 — is a widely recognized auditing protocol developed by the AICPA to ensure service organizations demonstrate maximum controls and safeguards when processing customer data. It acts as an important means for businesses to show customers, affiliates, and partner organizations that their control practices have been rigorously tested, validated, and vetted by top professionals in the field.

SAS 70 certification is achieved upon an extensive review of a company’s organizational structure, risk management, IT security and controls, change management, transaction processing, and other elements, by an independent service auditor. Tek Collect has gone through all of these and passed with flying colors.

"SAS 70 certification is another way we’re distinguishing ourselves from competitors," said David Hughes, Vice President of Information Technology. "Compliance shows that we’re not only committed to keeping customers’ data secure, but our control activities have been approved at the highest level. In today’s global economy, that gives our customers peace of mind."

By separating themselves from other uncertified services, Tek Collect increases customer confidence, proving they are in business for the long haul and will be able to help customers through the current economic crisis. With the service auditor’s report that is provided during the SAS 70 certification process saves customers from having to do their own audits of the TekCollect services, benefiting both TekCollect and their extensive client base.

For more information on the certification of the Tek Collect accounts receivable management and debt collection services, visit www.tekcollect.com.

About TekCollect
TekCollect provides accounts receivable management, debt collection services and customer retention solutions to more than 12,000 businesses nationwide. The company partners with business owners to optimize their internal accounting, limit and control delinquencies, and improve positive cash flow. TekCollect’s technologically advanced approach and non-alienating collection strategies generate the highest recovery ratios among collection agencies in the industry.