Overview Of West Asset ManagementCost containment through debt portfolio purchasing and accounts receivables management are the two main services that West Asset Management Group provides. This group manages these twin services through 2 West Asset management subdivisions. One of the subdivisions of West Asset Management Group deals purely with portfolio purchasing in the area of debt purchase, collection, and management. This subdivision manages billions of dollars of non-performing assets (NPA) and debts from credit issuers, financial institutions, and other corporations. This West Asset Management Inc. subdivision leverages its resources on the basis of technology, experience, and financial strength to provide maximized returns on the distressed assets made available to it by clients. This subdivision provides 5 west asset management inc, pricing solutions to clients. These different solutions include a One Off Purchase Agreement, a Forward Flow Arrangement, and an Upside Share Agreement. They also include an Information Sharing Model and an Evolutionary Pricing model. The professionals who work for this subdivision are committed to provide the highest level of pre- and post-purchase portfolio management solutions to 10 different sectors of industry. The different sectors include education, financial, automotive, government retail, software, transportation, healthcare, utilities, and telecommunications. The professionals can help to recover the maximum possible debt for clients. The other subdivision of West Asset Management concentrates on Business Markets. It is clearly focused on rapid and effective recovery of outstanding consumer or commercial accounts receivables. The professionals who work in this subdivision work with clients in identifying their specific goals and needs. They offer their clients effective strategies to minimize write-offs, reduce roll rates, accelerate cash flow, and lower operating costs. One group of this subdivision is engaged in servicing clients who pertain to the consumer sector of industry. It provides recovery of outstanding accounts receivables for the financial, telecommunications, retail, and automobile credit grantors. This group includes several call centers spread over the different parts of the world that provide asset recovery services to clients. Financial strength and state-of-the-art technology differentiates this group from the competition in servicing consumer markets. The other is the Commercial Group which provides services for recovery of business receivables to several top companies across different phases of the recovery cycle. The professionals of this group are specialists in the management of large commercial collections that especially involve complex business entities and high balances. This group helps clients to reduce the overall number of non-performing assets from reaching the status of bad debt. This helps clients increase their netback. This is the difference between the gross amount in dollars by clients of recovered assets and the recovery fees required 2 pay West Asset Management. The Commercial Group provides a total of 4 West Asset Management Incorporated collections that include early stage, first party, and third party recoveries. Al in all, the two subdivisions of the West Asset Management Group provide a full suite of recovery-maximizing and enhanced operational efficiency solutions. They encompass every stage of the collections cycle and result in customer retention. |