Actuate and BIRT Help Persolvo Data Systems Streamline Settlement Process

Actuate Corporation (NASDAQ:ACTU), The people behind BIRT® and the leading open source Business Intelligence vendor, today announced that Persolvo Data Systems, the leading aggregator of account information of debtors enrolled in debt settlement programs, is deploying Actuate and BIRT in its web-based settlement application. The Persolvo application called CONCERTO 3.0, with Actuate and BIRT, is used to automate debt settlement for creditors, debt buyers, collection agencies and settlement companies.

This efficient online clearinghouse of debt settlement accounts lets collectors process many times the typical number of settlements each month, lowering costs and increasing recoveries. The scalability and streamlining capabilities for the debt settlement process is achieved by using Actuate and BIRT, which allow CONCERTO 3.0 to meet differing information delivery requirements from Persolvo’s clients. These capabilities help CONCERTO 3.0 users locate debtors in debt settlement programs, analyze their trust account savings balances to uncover highly-liquid settlement opportunities, and settle large numbers of accounts online.

“Actuate and BIRT was the obvious ‘Enterprise Class’ solution we were seeking that meets the demands of our customers which require easy customization and multiple reporting capabilities,” said Jeff Dickey, executive vice president of Marketing at Persolvo. “The data visualizations provided by Actuate help ensure our clients access the key business metrics they desire from our application and further ensure that we meet all compliance standards in our industry. In addition to its extensive functionality, we found that much of our target customer base of financial institutions already had familiarity and experience with Actuate and BIRT making our selection an easy choice.”

Persolvo currently aggregates approximately $5 Billion of unsecured consumer debt from over 400 of the largest debt settlement companies. Creditors, collectors and debt buyers who utilize the Persolvo system simply upload collection files into the Persolvo system to locate matching accounts enrolled with Persolvo’s Debt Settlement clients. Once a match is made, the Actuate and BIRT based outputs support the development of and visibility into settlement strategies and offers.

“Our strategic alliance with Persolvo is an excellent example of how Actuate and BIRT can integrate into web-based applications to generate information that can be visualized and utilized effectively,” said Nobby Akiha, senior vice president of Marketing at Actuate. “We are pleased to see the success Persolvo is having with its Actuate and BIRT embedded solution as they continue to generate automated debt settlement solutions across the board for creditors, collectors and debt buyers alike.”

Actuate – the people behind BIRT

Actuate founded and co-leads the Eclipse BIRT open source project. ActuateOne is a unified suite of products for rapidly developing and deploying BIRT-based custom Business Intelligence applications and information applications. Applications built with ActuateOne provide one user experience regardless of task or skill level; are supported by one server for any deployment including cloud and are built with one BIRT design that can access and integrate any data source - including high volume print streams. ActuateOne adds rich data visualizations, including interactivity, dashboards, analytics, and deployment options to web and mobile BIRT applications, helping organizations drive revenue through higher customer satisfaction and improved operational performance.

Actuate has over 4,600 customers globally in a diverse range of business areas including financial services and the public sector. Founded in 1993, Actuate is headquartered in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU. For more information, visit the company’s web site at www.actuate.com or visit the BIRT community at www.birt-exchange.com.

Copyright © 2010 Actuate Corporation. All rights reserved. Actuate and the Actuate logo are registered trademarks of Actuate Corporation and/or its affiliates in the U.S. and certain other countries. All other brands, names or trademarks mentioned may be trademarks of their respective owners.

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