Commercial Bank of Dubai Selects Admerex Collection Software

Admerex Ltd., the provider of credit and collections systems, has announced that Commercial Bank of Dubai has selected Admerex CWX collections software.

CBD will install Admerex CWX, one of the world’s leading credit and collections software packages, to manage their collections and receivables process across the UAE.

Ahmed Shaheen, General Manager – Credit and Risk Management Group (CBD), said: “We are already using Admerex’s credit risk rating and loan pricing software, CVX. So, it was a natural progression to extend our relationship further with Admerex by investing in Admerex’s CWX.”

Rob Yeldon, CEO, Admerex, added: “Admerex is very proud that the emphasis it puts on customer service and software development has met the needs of CBD in all areas of its credit and receivables lifecycle. CBD will join our growing number of Middle Eastern clients, who are supported out of our Dubai office.”

With 26 branches spread across UAE, CBD is a leading local bank serving Customers since 1969. It offers a wide range of retail and commercial banking products, with a total asset base of USD 8.3 Billion. In 2007, CBD posted a record profit of USD 255 million.

Admerex is a leading global provider of receivables lifecycle and credit risk management solutions. Its innovative Xpert Solutions series of management software and services is operational in over 160 clients in 26 countries spanning the finance, utility, telecommunications and debt recovery industries. Admerex partners with its clients to manage costs, risks and receivables revenue. The company has transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project.