Crescent Bank & Trust Implements Shaw’s RETAIL and COLLECTIONS

Crescent Bank

HOUSTON (November 7, 2011) -Shaw Systems Associates, Inc. announced that Crescent Bank & Trust has implemented Shaw’s RETAIL and COLLECTIONS software. 

The bank required a product that would help them automate business processes and routine tasks, improve collectors’ productivity with enhanced collection strategies, and obtain business faster and at a lower cost.

“The core project teams, consisting of both bank and Shaw personnel, the validation teams, and all support personnel did a great job,” said Crescent’s Chief Information Officer, Charles Vasquez.

RETAIL supports a myriad of consumer loan products with integrated features to automate processes and navigate the dynamic credit landscape. RETAIL supports loans, line of credit, home equity, dealer/indirect, floor plan, commitments, securitization, and insurance/products.

COLLECTIONS is a customer-centric collections and portfolio management solution that accommodates every phase of an account’s life cycle. The software manages multiple product types including loans, leases, line of credit, credit cards, mortgages, DDA, NSF, and other receivables.

About Crescent Bank & Trust

Crescent Bank & Trust specializes in sub-prime auto financing. Established in 1991 in New Orleans, Crescent has grown to over 35 locations in 19 states. Crescent provides thousands of auto dealerships with an alternative for the sub-prime customer.