FORT WORTH, Texas -

In a new development this week, address scoring and location reports from Digital Recognition Network are now available in the Shaw Systems Associates collections software platform.

Officials highlighted Shaw Systems’ customers now have access to new data insights that can allow them to address collections earlier in the workflow and improve debt collection.

The company explained DRN’s address scoring and location reports use vehicle location data comprised of license plate scans gathered throughout the U.S. Address scoring uses DRN’s vehicle location data to  help determine whether a given address vicinity is likely “good” or “bad” for collections.

Then, the information is plugged into scoring solutions that can determine whether a given address is likely a “good” or a “bad” address for contact.

 In the collections business, DRN insisted knowing the correct address for making contact increases positive outcomes for finance companies. By scoring throughout the collections process, Shaw customers can address collections issues earlier in the collections lifecycle and work earlier to prevent default.

Once an address is scored, location reports can be used to help identify the most accurate addresses for skip tracing and making contact.

 “When it comes to collections, the more you know, the better your collections outcome,” DRN chief executive officer Chris Metaxas said.

“DRN’s address scoring and location reports provide new data insights that have a proven impact on debt collections,” Metaxas continued. “Now, Shaw Systems’ customers get to experience the benefits of DRN’s solutions within a familiar platform.

“Having DRN solutions embedded into the Shaw platform, will optimize debt collections by addressing collections issues and aid in identifying the best location to make contact,” he went on to say.

Finance company managers can join a webinar hosted by DRN and Shaw for a demonstration of how address scoring and location reports work. The session is scheduled for 4 p.m. ET on Monday. Registration for the free session can be completed here.

For individuals who cannot attend the webinar, contact Shaw Systems at (804) 272-3800 or sales@shawsystems.com.