DebtNext Solutions Joins TECnet

DebtNext Solutions, LLC, a leading software and solutions provider for the accounts receivables management industry, has selected TEC Services Group’s TECnet(TM) Network to extend its solution integrations with the Accounts Receivable and Legal Collections markets. The TECnet Network provides DebtNext with seamless, on-demand data integration capability with thousands of collection agencies and law firms, enabling them to integrate with customers more quickly, efficiently, and with greater flexibility.

The TECnet Network is a single source, web-delivered, integration solution that facilitates data exchange between solution providers and collection organizations (creditors, debt buyers, collection agencies and law firms). 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.

“TEC has been working with collection agencies and law firms for over a decade and we’ve helped over 150 organizations improve their collection performance through technology and operational optimization. As a result, we have a unique perspective on which technology solutions really improve collection performance,” said Tom Sweat President of TEC Services Group. “We believe, DebtNext offers a comprehensive platform to evaluate, manage, sell and support charged-off receivables and we are honored to have them as a member of our TECnet Network.”

“We are excited about our relationship with TEC Services Group. The TECnet Network dramatically multiplies our internal capabilities to reach customers,” said Paul Goske, President of DebtNext. “TEC Services Group’s demonstrated ability to overcome data exchange challenges and provides us with a solid alternative to offer our clients. Their TECnet Network enables us to better serve customers, on-board new customers more quickly, and reach entire markets more efficiently.”

TEC Services Group has been providing “real world” technology and operational consulting to the Accounts Receivable and Debt Collection industries for more than ten years. With experience that comes from the field, the staff at TEC Services Group truly knows the meaning of “real world.” They have assisted scores of collection organizations with services and projects to improve efficiencies and increase recoveries through the usage of systems and best practices.

DebtNext Solutions provides applications that encompass the entire life cycle of charged-off accounts. From analysis of potential purchase files, management of accounts placed with third party agencies and law firms, to the handling of post-sale support document requests, our solutions are designed to meet the business process needs of our clients. Solutions developed by the DebtNext team have been utilized by many of the world’s largest financial institutions, utility companies, and debt buyers as a secure and efficient way to analyze, manage and sell their charged-off portfolios.