Stillwater National Bank &Trust Company Licenses COLLECTIONS
HOUSTON (October 12, 2011) -Shaw Systems Associates, Inc. announced that Stillwater National Bank and Trust Company (SNB) has selected Shaw’s COLLECTIONS software to improve collections and customer service operations and adapt to current market conditions.
Stillwater National Bank sought a substantial collections solution that maximized automation, prioritized work, provided role-based views and queuing of accounts, managed risk, and offered a rapid return on investment by multiplying the effectiveness of existing resources.
The $2.7 billion bank concluded that Shaw’s COLLECTIONS product could help them achieve their goals in the most efficient manner possible. The system will automate routine tasks, reports, and business processes; provide a 360-degree customer view; and enhance Stillwater National Bank’s collection strategies. In addition, COLLECTIONS’ data-driven architecture will help support business intelligence.
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.