ATLANTA, March 27, 2018 (GLOBE NEWSWIRE) -- Epiq, a global leader in the legal services industry, today announced AACER cashiering. This newly automated service replaces manual cashiering processes for default credits.
“AACER cashiering delivers cost reduction, risk reduction and revenue recapture for our clients,” said Noah Ornstein, managing director. “This unique service automates the mapping of bankruptcy trustee payments on defaulted credits across loans in credit portfolios. AACER cashiering also automates posting payments for cash management, including system-to-system data exchange.”
AACER cashiering:
- Eliminates material delay between the time payments are made and posted
- Reduces the risk of human error
- Reduces labor associated with the cashiering function, allowing resources to focus on higher value-added activities
- Aids bank and non-bank servicers to recapture income
About AACER
AACER retrieves and organizes data from every court in the U.S., providing quick and convenient access through one connection point. AACER allows lenders, servicers, investors, law firms, and others to easily and efficiently identify debtors in bankruptcy, monitor dockets and events with workflow queues for effective portfolio management, and search across and within cases. Clients use AACERloan audit services for portfolio due diligence, remediation, and ongoing servicing. AACER automated document production, filing, and mail fulfilment services allow seamless interaction with courts and stakeholders.
To learn more about AACER cashiering, click here.
About Epiq
Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.
Press Contact
Sarah Brown
Epiq
+1 503 350 5850
sbrown@epiqglobal.com