BMS Announces Agreement with LCI to offer new Consumer Information Report to Chapter 7 Trustees
Improving Due Diligence efforts through Advanced Analytics
IRVINE, Calif., July 22, 2013 /PRNewswire-iReach/ -- BMS (Bankruptcy Management Solutions, Inc.), the leading provider of case administration software for Chapter 7 bankruptcy trustees and other fiduciaries, is proud to announce our new agreement with LCI, the industry's leading organization capturing the most accurate, comprehensive bankruptcy and consumer behavioral data to offer BMS clients the latest in investigative technology: the new LCI Consumer Information Report (CIR). This report offers access to a comprehensive collection of records from an extensive set of public and private data sources. Using advanced analytics, the report includes information about properties, vehicles, businesses and more – potentially uncovering additional assets and increasing the value of the estate.
"We are delighted to announce our new partnership with LCI," said Steve Coffey, BMS Chief Executive Officer. "Rather than searching manually and paying for information across multiple public and private databases, the CIR enables fiduciaries to leverage efficient search capabilities through a single analytic interface."
"We realized that there was a need for this type of information and that our ability to aggregate, summarize and organize data from comprehensive public and private sources was uniquely suited for BMS clients. The agreement with BMS allows us to distribute the reports to the largest number of Chapter 7 trustee offices in the country," said Chris Lundquist, LCI Chief Executive Officer and President. "We're excited to be able to partner with BMS and have our Consumer Information Report available to empower trustees to locate, identify and authenticate information essential to their work."
Trustee offices will benefit greatly as the report may be ordered on an individual consumer basis – whenever a case warrants further scrutiny. "The LCI Consumer Information Report is far more streamlined than previously-available reports and subscription services offered by other providers that required trustees to wade through pages and pages of data; often taking up valuable time and resources," added Mr. Coffey.
For over 25 years, BMS (Bankruptcy Management Solutions, Inc.) has been the industry's premier provider of bankruptcy case administration software. Our software solutions support the administrative and legislative requirements of Chapter 7 panel trustees, liquidating and post-confirmation Chapter 11 trustees and a variety of other fiduciaries involved in bankruptcies, restructurings, liquidations and claims distributions. BMS understands the complexities involved in bankruptcy, and has developed advanced, easy-to-use solutions that automate and streamline bankruptcy administration—all while providing superior support services through a national network of account managers, US-based technical and banking support centers, and comprehensive training resources. As the industry leader, we are dedicated to ensuring that trustees and fiduciaries become even more productive and profitable. For more information, visit www.BMSadvantage.com.
LCI delivers the industry's finest bankruptcy data and consumer behavioral data, process automation software, expert services and research to automate expensive processes in the bankruptcy lifecycle. Our decades of experience as the exclusive supplier to the world's largest and most innovative creditors ensure that LCI customers are first and best to invoke automation. LCI solutions enable our customers to execute the most efficient and productive bankruptcy management and portfolio valuation processes anywhere, servicing over 1.3 Billion accounts a year. With expertise in the financial industry, specifically its focus on at-risk accounts, LCI innovates, develops, and delivers solutions that provide superior information and improved profitability. For more information, visit www.lciinc.com.
Media Contact: Ajay Parikh, BMS, 949-222-1212, email@example.com
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