Wednesday, May 14, 2008

The History of CasetrackerLaw

Mr. Steed admits his collection software company has been under the radar since it's founding in 2002. But that's how Steed prefers it. He's been too busy focusing on perfecting the web-based collection system he created while running Money Management LLC.

"We were never able to keep a creditor successfully updated on the status of it's accounts." he said.

Though he filed for a patent for a system in 2003 (which is still pending), CasetrackerLaw was not released for sale until September 2004.

CasetrackerLaw is a complete collection system, offering a variety of features specifically helpful to attorneys, but also valuable to collection agencies and debt buyers. It enables users to forward claims to attorneys with just a click of the mouse and gives creditors the ability to submit claims via Excel or any electronic data interchange (EDI) format.

CasetrackerLaw provides a number of reports, tracking such things as claim status and promised payments. The system also monitors claim history, displaying changes that occur throughout accounts life cycles and allows users to organize and prioritize the most profitable claims to be worked first.

The system is scalable to any size company, but caters primarily to firms with 1 to 20 collectors.

Mr. Steed has also created networks for attorneys, creditors and collection agencies. Currently, he is working to build a network to tap into the expertise of numerous minority-owned law firms nationwide.

CasetrackerLaw plans to release a version of it's software that will be tailored to particular areas of law, including General litigation, Real Estate, Foreclosures and Liens.

Any questions?

We would like to offer you the opportunity to take a brief online tour of CasetrackerLaw. Contact us by calling 800-270-1197

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