BEAM™ is a secure hosted family of integrated software applications built on a full GL Accounting backbone that ties together multiple data sources to track, measure, and improve portfolio revenue performance through highly detailed on-line metrics, intelligent campaign contact strategies, and complete account documentation. This unprecedented visibility to consolidated portfolio data delivers total real-time control, full investor support, and comprehensive debt purchasing and sales data. BEAM's native ability to immediately move information to and from outside servicers, attach third-party information to an account, and transfer complete or fractional portions of a portfolio to Agencies for treatment make it one of the most powerful organizational and business management tools in the Collections Industry.
Developed as an integral business process application for the Debt Industry, BEAM™ eliminates the complex and costly software obsolescence and upgrade problem by providing a secure Software as a Service (SaaS) environment that can grow or shrink monthly to meet ever-changing business needs. All BEAM™ software enhancements and updates are automatic and included in the hosted service to assure the latest capabilities to meet new requirements and regulations.
History of the Development Team
The BEAM™ project began four years ago with the idea that, if we could increase the speed and ease with which companies do business together, then more companies would. Debt purchasing, we reasoned, was becoming an industry that increasingly relied on the ability to pivot quickly to new strategies, including the ability to strategically outsource work to agencies and attorneys.
To make such a system work, the hardware and software engineering would have to be second-to-none. That's when Jerry Rubin stepped in. The fit was perfect. He had built Andrew Tobias' Managing Your Money in the 1980s (many millions of copies sold worldwide), followed on by a decade of contract and architectural work for major Wall Street investment firms like Fidelity and Ameritrade/AccuTrade. Now, as Chief Software Architect, his ability to build a new organization around ARM services a la BEAM™ would be instrumental.
Today, with the product rollout, BEAM™ will provide you more than you ever expected from an ARM software platform. And it really is much more than a platform. Here are some highlights:
- Client and investor reporting is completely capable of tracking incentive fees on a portfolio basis, including points critical in most hedge fund arrangements (basis crossover, IRR targeting, configurable splits, expense sharing)
- Outsource or receive account placements in just few seconds
- Trust accounting & full G/L system provide a functional backbone to the system
- Organization-wide system supports multiple locations at no additional charge
- Complete control of user rights & entitlements
- Private/separate databases for each organization with full redundant hot-backup site available on demand
- Real-time updating - new features/updates are automatically installed
- SAS certified hosting. 24/7/365 on-site monitoring of hardware vitals. Hardened facilities with card and bio-restricted access (must be accompanied)
- Pick from a growing menu of integrated 3rd party data services
- Top-level strategy builder for portfolios in a fire-and-forget design with branched decisioning objects
- Manager and Agent organization tools include virtual folders, real-time performance statistics, dynamic searches
- Skip tracing tool to consolidate key pieces of information across all documents and data searches
- Investment management provides real-time reporting: Investors can track multiple debt buying partners in real time
- Much more...
