CBE Companies today announced the formation of LocateSmarter™, a cloud service company with a mission to revolutionize skip tracing and data compliance in the receivables industry. The announcement was made by Chad Benson, President and COO of CBE Companies.
In making the announcement, Benson said LocateSmarter will leverage business process as a service (BPaaS) methodology and software as a service (SaaS) model to deliver pay-as-you-go consumer data from leading industry data providers. Credit issuers, banks, credit unions, utility companies, healthcare facilities, collection agencies, law firms and debt buyers will all have access to select data vendors through a single, secure web connection.
Benson said that according to Gartner, Inc. the Nexus of Forces (cloud, social, mobile and big data) is driving business process change, spurring organizations to overhaul their business strategies, and reinvent the way they work. “A Gartner, Inc. survey revealed that 75% of applications will be upgraded, replaced, or retired by the end of 2014,” Benson said.
“We have entered a new era in the receivables management industry where regulatory compliance, delivery of data and IT support costs, as well as growing acceptance of BPaaS and SaaS solutions, will change the way the receivables industry acquires, exchanges, and manages third party data into the future,” Benson continued. “LocateSmarter is uniquely positioned to lead and deliver on these opportunities.”
Benson said LocateSmarter will operate as a separate legal entity under CBE Companies, and will soon announce its management team who will lead the vision to be the global leader in providing next generation access to accurate consumer information.
CBE Companies is a global business process outsourcing (BPO) organization and is the parent company of CBE Group, CBE Customer Solutions, and Argent Account Acquisitions. CBE Companies is supported by a leadership team of tenured industry experts. Its workforce of dedicated professionals is quickly growing. CBE Companies currently employs over 1,200 people in five locations globally. Its corporate headquarters is located in Cedar Falls, Iowa, with additional facilities in Waterloo, Iowa; Overland Park, Kansas; Haverhill, Massachusetts and Manila, Philippines. The organization is consistently recognized as a top five Employer of Choice in the Cedar Valley. It has also been recognized by Workplace Dynamics as one of Iowa’s Top Workplaces.