Global Debt Registry Case Study
Global Debt Registry, headquartered in Columbia, Missouri, was founded in 2005 by a group of industry veterans with a combined 75 years of Credit, Collection and Debt Buying Industry experience. Issuers, agency owners, Debt buyers, executive level IT managers and developers, data security experts, industry consultants, attorneys, brokers and industry association executives were all consulted during product development. Global Debt Registry partnered with AlphaTrust to provide the nation’s first ever Accounts Receivable (A/R) title origination and ownership tracking solution.
This entirely new offering services the multi-trillion dollar accounts receivables management (ARM) industry using the PRONTO™ e-signature process automation platform. GDR serves as transaction facilitators when performing and non-performing receivables are bought and sold as assets in the marketplace, using PRONTO™ to create account level electronic titles and substantiate the transfer of rights and interest from sellers to buyers.
Clients making substantial investments in these assets require a process that’s virtual, easy to use, fast and accurate. AlphaTrust fulfills these requirements by allowing transactions to close with an expedient and trustworthy platform which gives GDR’s clients the edge in a highly regulated and sensitive industry. Global Debt Registry with the Alpha Trust e-signature platform created an entirely new offering for the financial services industry. There are vehicle titles for automobiles and mortgage titles for homes. GDR now provides the first ever A/R title of origination and ownership of accounts for the multi-trillion dollar ARM industry.
Prior to AlphaTrust, providing the A/R title and registry services was a very time consuming and cumbersome. Originating a title and registering a transaction without the e-signature process capability took up to 7 business days to finalize the sale and contracting process. With PRONTO, it now only takes one hour for all parties to complete the title transfer process. The success of GDR’s offering has resulted in its recent acquisition by a multi-billion dollar firm which understands how leveraging cutting edge technology such as AlphaTrust E-sign can create an entirely new marketplace for an industry.
According to Greg Ousley, CEO of Global Debt Registry, “AlphaTrust has enhanced our ability to deliver value to clients and changed the way in which our industry conducts business. Our A/R title origination and ownership verification, debt validation, data integrity, and turnkey media management solutions provide all of our clients with the opportunity to build trust at the speed of light. It creates a more cost effective and efficient process and in turn establishes a much higher standard for operations and promotes goodwill within the industry. The industry now has a proven and cost effective solution which answers the call of consumers, regulators, judges, and consumer advocates to instill additional integrity and transparency in the ownership and validation of A/R assets.”
Have more questions? Please contact us at Sales@alphatrust.com or call 214-234-9200.
|