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convokesystems.com

Founded Year

2006

Stage

Series C | Alive

Total Raised

$10.19M

Last Raised

$880K | 10 yrs ago

About Convoke Systems

Convoke Systems offers enterprise information management solutions that gives original credit issuers, third party servicers, and debt purchasers a complete process to manage information, media, and chain of title from charge-off to debt resolution. Convoke's technology platform connects data and documents with practices and people, enabling collection and financial services professionals to increase productivity, serve customers better, and protect consumer information.The Convoke solution creates a virtual dashboard of charged-off debt information. Issuers get a single view of their business that extends for the life cycle of an account, giving them the insight and control they need to efficiently manage information distribution and track chain of title for debt buyers. The results are reduced costs, turnkey compliance, an increase in debt capture rate, and faster debt collection.The Convoke solution allows issuers to securely and reliably maintain account level data and documents. It allows third party servicers and debt buyers to securely access, retrieve, and download the data and documents needed to validate, authenticate, and collect outstanding legitimate debt. Only rightful title owners to an account can access the data and documents for that account, and they can grant permission to third party collection agencies or attorneys to access account level data and documents.

Convoke Systems Headquarter Location

4401 Wilson Blvd Suite 510

Arlington, Virginia, 22203,

United States

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Expert Collections containing Convoke Systems

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Convoke Systems is included in 1 Expert Collection, including Fintech.

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US-based companies

Latest Convoke Systems News

Convoke Looks Back on Successful Year 2021

Dec 22, 2021

Published on: Dec. 22, 2021, 11:05 a.m. Dec. 22, 2021, 10:02 a.m. insideARM.com The iA Institute http://www.insidearm.com/news/00047922-convoke-looks-back-successful-year-2021/ Editor's Note: December 22, 2021 is the final news day for insideARM in 2021. We'll be back with your ARM news on January 3, 2022. Happy Holidays! Arlington, Va. -- Convoke, a leader in SaaS solutions for the debt collection market, is pleased to announce the completion of another successful year for the company. Despite the challenges created by the COVID-19 pandemic, Convoke has still outperformed and has achieved continued company growth and product development. Company Growth Over the past year, Convoke not only added three major customers, it also increased its employee force by over 20% to meet the company's increasing product demands. This demonstrates the confidence that the collections industry has in the company and its ability to help them meet their business and regulatory needs. Product Development Convoke has deployed 50 releases this year, making a wide variety of additions and enhancements to the platform. Through a ground breaking audio solution developed by Convoke engineers, issuers are now able to closely monitor recorded collection calls to ensure proper compliance and consumer care. In response to Regulation F, Convoke has made pivotal enhancements to enable Issuers to easily monitor collection agencies and attorneys in their efforts to comply with the new regulations. As in previous years, Convoke has also made numerous reporting enhancements, providing additional on-demand information for our customers. "Despite the ongoing negative effects of the pandemic, Convoke has continued to press forward," said David Pauken, CEO of Convoke. "We are pleased with the growth in our customer base and in the continued development of our product and are excited for what the new year has in store for us." "As issuers begin to implement the requirements from Regulation F, other new collection rules, and the changes of a post-COVID world, Convoke is prepared to continue helping its customers," continued Mr. Pauken. About Convoke Convoke provides an oversight management system that is transforming the way credit issuers manage third party debt collection, leveraging a decade of experience for the issuers it serves. It provides unprecedented transparency and accountability, facilitating issuer debt validation and third-party oversight. With its powerful reporting, tracking, and auditing capabilities, issuers are able to have confidence that they are in compliance with internal and regulatory requirements. Convoke enables credit issuers to grow recovery, reduce costs, improve compliance, and protect their brand. Convoke is headquartered in Arlington, VA. For more information on Convoke, please visit www.convokesystems.com.

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  • When was Convoke Systems founded?

    Convoke Systems was founded in 2006.

  • Where is Convoke Systems's headquarters?

    Convoke Systems's headquarters is located at 4401 Wilson Blvd, Arlington.

  • What is Convoke Systems's latest funding round?

    Convoke Systems's latest funding round is Series C.

  • How much did Convoke Systems raise?

    Convoke Systems raised a total of $10.19M.

  • Who are the investors of Convoke Systems?

    Investors of Convoke Systems include Flybridge Capital Partners and QED Investors.

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