Debt Solutions Engineered for Success

Placement Interfaces………                                    

 

In the world of collections, business comes from many, many sources and often in a variety of different formats. The ability to timely and accurately transfer data to and from your Clients is crucial for your success and COGENT’s success.  Some Credit Grantors use the debt industry standard interfaces to send new placements and receive updates, while others have selected proprietary or unique data formats.              

The challenge to the software integrator is how to keep up with all the placement formats so as to process all placement files timely and accurately.  BSI provides a twofold solution.

 1)     BSI has built interfaces for Import and Export of the most complicated interfaces used within
      the debt-industry. These interfaces will be expanded as needed. 

 2)     BSI provides with COGENT (integrated within the COGENT Core product) what we call the
      Do-It-Yourself Data Translator utility. This utility provides the COGENT Client the tools to
      create and map their own interface templates without BSI assistance. This puts management
      and control of most interfaces in the hands of our customers.

Finally, BSI would like to suggest credit grantors and debt buyers consider moving toward the use of XML (Extensible Markup Language) as an industry standard.   When working with different platforms, often incompatible with one another, and several database types, you need a platform-independent way of transferring information from one application to another.     

Extensible Markup Language is a flexible way to create common information formats and share both the format and the data on the World Wide Web, intranets, servers, mainframes, etc.   XML is a formal recommendation from the World Wide Web Consortium (W3C) similar to the language of today's Web pages, the Hypertext Markup Language (HTML).  BSI eSolutions would be available to help with this effort including sharing our XML data schemas.

 


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