Data Transformation Releases Legal Forms Solution for Collections

Data Transformation Corporation, the makers of Debt Collection Litigation System Plus(tm) ( DCLS ) software, announced today the release of it’s ZEUS Litigator, a new web-based product aimed at giving collection agencies, attorneys and in-house corporate credit departments the ability to significantly collect on outstanding receivables.

In a recent phone survey, collection agencies who litigate debt show a 30% – 70% success rate compared to collection agencies who pursue accounts without litigation. ZEUS Litigator fills this void, by allowing debt recovery professionals and attorneys to have immediate access to the entire U.S court system database and generate the correct legal form. ZEUS Litigator takes this one step further by automatically filling out the court form(s) with the debtor information, thereby reducing the time to fill-in court forms.

Prior to ZEUS Litigator, an individual would have to search for the correct legal form and then type the information onto the document. With over 3,000 counties in the United States, getting immediate access to the necessary forms can be a challenging task for any agency or firm. “This is a cutting edge product far superior to anything in the marketplace,” said Andrew Thrash, the President of Data Transformation Corporation. “When compared to other debt collection software products, we can drastically reduce the number of days needed for an agency to recover a debt. As a result, ZEUS Litigator will have a positive impact on an agency’s bottom-line.” The latest report shows collection agencies were experiencing an average recovery rate of 18% on $136M new business placed for collections, while employee compensation accounted for nearly half (46%) of the total expenses at an agency ( Source: ACA International’s 2003 Benchmarking/Cost of Operations Survey ).

While there are other firms who provide online court forms, ZEUS Litigator is the only product in the market that automatically organizes the debt collection civil procedures in a framework that guides the user through the legal process. Since ZEUS Litigator is part of DCLS Plus(tm) 2.0 Enterprise, an agency can now comply with each states’ statues and requirements, including the Fair Debt Collections Practices Act. Jeremy Campbell, President, Heinz Rockwell Dunn, a Maryland collection agency said, “ZEUS Litigator is the main reason we chose DCLS Plus 2.0 Enterprise over the other debt collection software products in the marketplace. I am truly impressed with their overall account segmentation strategy and their support team.”