A strategic alliance between Vaas and AECSA in Colombia promises the Best Backup Servicing for Structured Debt in the country
Challenges in Backup Servicing and Vaas Solutions
Managing structured debt presents significant challenges, particularly regarding the continuity and effectiveness of collection processes following substitution events. Among the main challenges are:
• Data Retention and Transfer: The accuracy and availability of portfolio information are crucial. Any discrepancies can negatively impact the efficiency of the collection process
• Smooth Transition: Ensuring a seamless transition to a new backup servicer is fundamental to maintaining collection continuity.
• Efficiency in Collections: The ability to execute effective and prioritized collection campaigns based on accurate and up-to-date data is essential for maximizing portfolio recovery.
At Vaas, we address these challenges through our advanced technology and a deep understanding of customer needs. Our system adapts to the client's collection policies, ensuring the accuracy and availability of information from day one of operation through our platform. Our daily analysis capability for potential discrepancies also ensures that any issues are identified and resolved promptly with our core and verification agent service.
Why Is Good Backup Servicing Necessary?
Let's consider an example of a BNPL company.
Imagine a company with a "Buy Now, Pay Later" (BNPL) model that has experienced rapid growth in its customer base and loan portfolio. If the company or its primary servicer faces operational or financial issues, the continuity of loan collections could be compromised, to the detriment of the company's lenders. This is where good Backup Servicing comes into play.
By having an independent and adaptive system like Vaas's, this BNPL company can be confident that the transition will be smooth even in a substitution event, and collection efficiency will be maintained. This has direct benefits for the lender of the company's structured debt lines:
• Financial Stability: A reliable Backup Servicing ensures that cash flows are not interrupted, which is crucial for maintaining the financial stability of credit lines and ensuring their timely repayment.
• Investor Confidence: The certainty that collection processes will continue to function efficiently, even in adverse situations, increases lenders' and stakeholders' confidence.
• Asset Protection: Maintaining efficient portfolio management protects underlying assets and reduces the risk of losses, ensuring the integrity of the credit portfolio.
AECSA: The Perfect Ally in Colombia for Mass Collections
AECSA, with its ethical and professional approach to BPO services, collections, legal, and backup servicing, stands out for its dedication to excellence, innovation, and customer satisfaction. With over 30 years of experience and being a pioneer in sustainability certifications, it is the ideal partner for Vaas in Colombia, as AECSA combines advanced technology with effective and responsible practices. Its mission to create tailored solutions and its vision to lead the reconciliation and portfolio recovery industry positions it as an undisputed leader in the sector.
For more information, visit the AECSA website.
Statements from the Leaders
"This alliance with AECSA represents a significant step in our mission to offer top-tier Backup Servicing. We are confident that, with AECSA, we can ensure continuity and efficiency in collection management for our clients in Colombia, even in the most challenging scenarios," commented Valentina Valencia, CEO and Founder of Vaas.
For his part, Alexander Gómez, General Operations Manager of AECSA, stated: "Since our inception, we have been characterized by the impeccable and transparent nature of our services, staying at the forefront through innovation and creating experiences for our clients. This alliance with Vaas allows us to further strengthen our service offering and reaffirm our commitment to integrity, excellence, and sustainability in all our processes."
Vaas's Vision of a Good Backup Servicing
Vaas is a leader in technological solutions for structured debt management, offering, among its services, Backup Servicing that guarantees business continuity to protect debt providers and elevate the market's confidence and transparency. Through advanced technology and a deep understanding of the needs of the various stakeholders in a structured debt transaction, Vaas ensures transparency, accuracy, and data availability, even in substitution events, understanding that having the best market partner in collections is crucial to providing the best service in the market.
