CITC Systems Secures Final Round of Funding to Complete Development of New Cloud-Based Collections and Recoveries Platform

Atlanta, GA – Cloud based software development company CITC Systems, Inc. are pleased to announce they have secured the final round of funding to complete and bring to market its world class integrated Collections and Recovery platform, Optimus.

Built upon a belief that client organizations are increasingly dissatisfied with the lengthy, cost prohibitive, resource intensive and disconnected approach utilized by most solution providers in the market, CITC Systems set about bringing together a core team of collections and recovery software and business professionals to design and build a new, modern solution to be delivered as Software as a Service (SaaS). Unlike most solutions available today, the Optimus solution is built from the ground up using latest technologies for deployment in the private cloud and comes ready to launch with configurable strategies, workflow, compliance oversight and reporting across the entire collections and recovery lifecycle from early first party collections through to third party agency management. Optimus provides fully integrated omni-channel consumer engagement capabilities including mobile web self-serve consumer portal with integrated payment wallet and payment/promise capabilities, 2 Way SMS and email channels to reduce call center costs, improve collection rates and mitigate process compliance risk.

We have been very fortunate to not only attract dedicated collections and recovery software industry veterans and visionaries with decades of experience, but also to have that vision shared by our funding partners, The Technology & Innovation Fund, LP (“T&I”). T&I is owned by former collections and recovery software pioneer Gordon Crawford, formerly Chairman of London Bridge Software Holdings plc and managed by former London Bridge Software Holdings plc CEO, Jon Lee.

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