About the Financial Services Division
ASI’s Financial Services Division senior management team has over 35 years of experience as a Business Service Provider, Software as a Service (SaaS), Software Life-cycle, Data Analytics, Compliance, Performance Management, and Business Process Re-engineering.
The same team leverages their extensive knowledge and expertise in Loan Programs, Financial Management
Their comprehensive background in mortgage banking, building multiple service centers and successfully transitioning large BSP projects for multiple federal agencies is another value ASI offers their clients.
The Financial Services Division senior management team has extensive experience with the Big 4 Consulting firms.
Scope of Services
Business Service Provider
The days of contracting with one firm to develop a custom system to the governments’ specifications and then hire contractors to learn and use that software and other GFE is long gone. BSP is the most effective solution, hire a contractor to operate an entire business process to include providing the software, the equipment, the facility and require it to continually be updated and compliant with regulations.
Software as a Service (SaaS)
If you can’t achieve a BSP solution, the next best is a SaaS offering. Today technology isn’t custom developed or even acquired as licensed software. Cloud-based, on demand, plug and play application solutions are readily available to address the simple to the complex. These tools can be easily configured to address the unique requirements of most programs and even the code can be easily tailored to your unique requirements.
Transition to Cloud Computing
Don’t be a hostage to a data center provider. Proven techniques for migrating your platform to the Cloud are readily available. Many of the time consuming and frustrating challenges of data processing are effectively solved by migrating to the Cloud. Plus, the availability of resources expands exponentially.
Business Process Re-engineering and Professional Consulting Services
If your technology just needs to be updated, a key to successful modernization is selecting a firm that understands both the technology available, the business processes and control requirements. By selecting a contractor knowledgeable of best practices for your business processes will expedite the achievement of your goals at a fraction of the cost of hiring a team that has to be educated.
Systems Development, Modernization, and Enhancement
If you got stuck with one or more legacy apps that are way past their useful life, you may need to look at major modernization. In today’s environment even, this option can be accelerated through the adoption of Agile Development techniques and Web DevOps approach to software management. Find a firm that can demonstrate true productivity through new approaches and technology.
Financial and Capital Asset Management
Asset Management can take many forms based on the type of asset. There are physical personal assets such as a laptop, and then there is large expensive equipment that must be maintained and finally our focus, Financial Assets, Loans, Receivables, and other forms of Debt that require tracking, accounting, and collection. ASI’s OptiAM<sup>®</sup> is designed to support both large equipment, like F-35 fighter jets as well as the collection of Debts. ASI as a Company has the broad experience to manage the maintenance and supportability of major DoD aircraft programs as well as assisting your agency with the financial management, accounting, and collection of Accounts Receivable.
Debt Collection Improvement Act
Fully compliant with the requirements of the Debt Collection Act, to include Transfer of Debts to Treasury, AWG, Credit Bureau Reporting, Referrals to Private Collection Agencies, Department of Justice, and Treasury Offset.
Automated boarding, Demand Letters, Outbound Calling, Credit Report Retrieval, and Analysis, Skip Tracing, Flexible Definition of Rules and Timelines, Inbound response tracking
Cloud Hosting /FEDRAMP Compliant
Software as a Service (SaaS) hosted on Amazon Web Services a FEDRAMP Client Cloud Service. Soon to be available on GSA Apps.gov Store
Accounting and Reporting
Loan Level US-SGL fully compliant integrated GL, full GAGAS compliant, SSAE16 audited, fully integrated with Treasury Pay.gov, Lockbox collections and PAM, SPS disbursements, real-time GL/Trial Balance with drill down, On-Demand reports and queries, comprehensive daily interface to Agency Core Accounting System; Treasury Report of Receivables
HUD National Loan Servicing Support
Served as Key Personnel for the transition, build and operations of a 1.2 Million Secretary Held Loan Portfolio providing full loan servicing, loss mitigation, default management, cash management, accounting, and reporting. Stood up
SMART Business Service Provider
Subcontractor for the transfer, modernization, and transformation of three mission-critical HUD legacy systems. Successfully converted and modernized all systems to web-based technology, transitioned to Amazon Web Services and converted all data. Fully modernized the system operations and implemented on-demand reporting and interfaces. On-going transformation to Microsoft.Net environment.
OptiAM® Accounts Receivable Guide
Download our printable Financial Services Division brochure.
OptiAM® Debt Collection Guide
Download our printable Federal Debt Collection System brochure.
Learn how we can help you optimize your Accounts Receivable workflow.