FICO® Recovery Management System™ solution
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FICO® Recovery Management System™ solution

Maximize recoveries from your charged-off debt portfolios. FICO Recovery Management System is the leading solution for companies looking to augment existing collection solutions. The RMS™ solution addresses critical management needs that arise in the later phases of the receivables lifecycle, and processes more than 70% of charged-off consumer debt in the US.
Key Benefits
  • Reduce costs and improve recovery of charged-off debt
    More charged-off accounts are processed through the RMS solution than any other debt recovery system on the market. It delivers broad functionality and flexibility within short implementation time frames and at an economical cost.
  • Address the needs of organizations of any size
    The RMS solution supports organizations with only a few users, performing bad debt recovery on a small scale, all the way up to multinational institutions with hundreds of users and millions of accounts.
  • Adapt the system easily to your business requirements
    The RMS solution is designed so that key functions are user-definable—allowing organizations across multiple industries to easily adapt the system to the needs of their businesses.
Feature Highlights
  • Strategy management
    The strategy management engine at the heart of the RMS solution not only drives accounts through the internal recovery process, but also provides completely automated third-party assignment and recall of accounts.
  • Bankruptcy tracking
    Extensive user-defined capabilities enable any organization to seamlessly process accounts through the entire bankruptcy cycle.
  • Litigation
    Organizations can monitor and track all aspects of litigating distressed debt. The RMS solution accounting module tracks all the balances when judgments are granted.
  • Collateral tracking
    Collateral tracking supports all of the functions required in tracking the repossession and disposition of vehicles or other collateral.

Spinning straw into gold: How Meridian made bad debt pay off

In one year alone, Meridian Healthcare had overpaid one agency $97,000 in fees—and errors were just the tip of the iceberg. Within a year of implementation of Fair Isaac's RMS solution, the company has reduced bad debt by $1.1 million.

"We saw an ROI in less than six months, which without a doubt, was much sooner than expected. A key reason for our success was choosing a proven solution with the right functionality to get the job done."

—Marilyn Koczan, Vice President, Patient Financial Services, Meridian Health

>> Read the success story

 
 

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