MUNCIE, Ind.--(BUSINESS WIRE)--Ontario Systems, a leading receivables management technology and services provider, announces it has expanded its Compliance Consulting Services today, offering an enhanced proprietary scoring model called OntarioComply to analyze more than 225 compliance obligations.
“Our team of compliance attorneys and professionals delivers services designed for the unique needs of our clients,” says Rozanne Andersen, Ontario Systems vice president and chief compliance officer. “Each of these products is designed to reduce risk of consumer harm, reduce the cost of compliance and reduce the cost of non-compliance. Our scoring model, OntarioComply, in particular provides objective, specific feedback to the client, allowing them to report on and respond to areas of highest risk.”
The Ontario Systems Compliance Team says its goal is to use the OntarioComply score to provide clients not only with a description of their riskiest processes and procedures but also prescriptive solutions to mitigate that risk. The company plans to continue offering recommended steps to alleviate gaps that may be detrimental to a client’s overall risk profile.
“The receivables environment is such that calling a particular business practice ‘risky’ just isn’t enough,” Andersen adds. “A useful consulting partner has to provide not only an evaluation, but a solution. My team and I work every day to provide those solutions to our clients, who consistently surprise us with their ingenuity, work ethic and attention to detail when it comes to compliance with a seemingly impossible set of new regulations and restrictions.”
Other services offered by the company’s Compliance Consulting package will remain available, including:
• CFPB Readiness Assessments
• Compliance Remediation Services
• Model Compliance Policies
• Training programs for directors, management and staff
• Outsourced compliance department services
About Ontario Systems
Ontario Systems, LLC is a leading provider of accounts receivable and strategic receivables management solutions for the collections and healthcare industries. Offering a full portfolio of software, services and business process expertise, Ontario Systems customers include nine of the 10 largest collections agencies and three of the five biggest health systems in the U.S., with 55,000 representatives in more than 500 locations.