Akcelerant, CU Recovery in Joint Offering
MALVERN, Pa. -- Akcelerant Software LLC now is offering its credit union and bank clients a combination of its workflow and business automation processing suite and the collection software of CU Recovery Inc.
The "preferred partner" agreement makes CU Recovery of Wyoming, Minn., a distributor of the Akcelerant Framework and offers financial institutions an integrated, streamlined connector for placing and managing charge-off accounts, the companies said.
"We believe as the economy continues to stagnate and charge-offs continue to rise, a solution like this is what the industry needs," said Jay Mossman, president and CEO of Malvern-based Akcelerant, which serves more than 200 credit unions and banks in 44 states.
"We view Akcelerant as the standard in delinquent account management software for credit unions and we look forward to working with their customers to simplify and improve the process of maximizing recoveries from charge-off loans," said Kelly Becker, president/CEO of CU Recovery, which has collected more than $83 million in more than 6,500 repossessions for credit union clients since 1990.