Steve Goldstein, Division President of FFAM360, and Paul Allen, Chief Operating Officer of FFAM360, were Featured on Receivables Roundtable, a Video Production for the Accounts Receivable Management Industry Created and Published by Receivables Info.
Atlanta, GA, October 2021–We’re proud to share episode 47 of Receivables Roundtable featuring our own Steve Goldstein, Co-Founder, Partner, and Division President of FFAM360, and Paul Allen, Chief Operating Officer of FFAM360! Steve and Paul sat down with Adam Parks to discuss data analytics and subrogation in the rental car space.
As two veterans of the Accounts Receivable Management (ARM) industry, Steve and Paul used their experience to discuss the challenges that FFAM360 faces as they handle subrogation—the substitution of one person or group by another in respect of a collections or insurance claim—cases for rental car companies.
Using their data analytics tools from the various arms of their Alliance of Corporations, FFAM360 explored the subrogation space with a unique perspective.
“We went to our development team … and they really built us a unique model that picks data points that are public information,” says Paul. “We tested it for 18 months blindly and worked the business as we normally would. We developed a model and we’re able to pinpoint specific balance sizes for different consumers. It’s all based on historical data that we had gathered.”
About Receivables Info
The Receivables Info team is led by receivables management industry veterans who wanted to create a website for the industry, by the industry. Their goal is to provide a voice to high-quality debt buyers, collection agencies, law firms, and industry veterans to share information about their businesses and their place within the marketplace and the community. The website provides relevant news alerts, articles, videos, and other receivables-related information to industry partners and colleagues around the industry and the globe. Receivables Info is also home to financial education resources for consumers through series like Money Chat.
About First Financial Asset Management (FFAM360)
The FFAM360 Alliance of companies deploys world-class people, operations, and technology to deliver revenue cycle solutions to their clients that optimize their credit and revenue lifecycles. Founded in 2002 with the vision of creating a best-in-class organization that provides comprehensive solutions across the Insurance Subrogation, Healthcare RCM, Financial Services, and Human Resource Staffing sectors, First Financial Asset Management has achieved many significant awards and recognitions including being honored by the Women’s Business Enterprise National Council (WBENC) as a Certified Women-Owned Business Enterprise. First Financial Asset Management is headquartered just outside Atlanta, GA, with additional offices in Phoenix, AZ, and Paso Robles, CA.