As part of its international expansion strategy, Credit Clear (ASX: CCR) has reached an agreement to deploy its digital accounts receivable technology to select accounts in the multi-billion dollar portfolio of global finance company Centriciti Techub (Techub) .
The deployment is part of a global partnership and team agreement between Credit Clear and Techub, a global provider of contact center services based in South Africa.
Part of the GB group of companies, Techub provides financial recovery solutions, technology solutions and business process outsourcing to the financial services industry worldwide.
Techub’s services include contact center solutions for sales, customer experience, investigations, complaints management, IT support, and sharing services.
Credit Clear noted that Techub has a blue chip global customer base including banks, retailers, utilities and telecommunications, with strong representation in South Africa, the UK and the US.
Credit Clear and Techub Partnership Agreement
Under the deal, Credit Clear’s digital platform will be rolled out across several of Techub’s existing customer account portfolios valued at a minimum of $ 50 million and up to $ 100 million on a rolling three-month basis.
After the initial three-month period, Techub will identify and then select portfolios for the remainder of its accounts receivable, with the total pool of receivables Credit Clear to pursue amounting to up to $ 1 billion.
Initial portfolios under review include Techub clients in the US and UK and other international markets.
Credit Clear will provide ongoing remote support for the platform from Australia.
Techub will provide a commission on all payments made in the portfolios managed by Credit Clear.
In addition to the partnership agreement, Credit Clear and Techub have agreed to jointly seek new business opportunities in international markets.
Techub has exclusive rights to Credit Clear’s technology in Africa and non-exclusive rights in other international markets.
All income earned under the association agreement will be shared equally.
Credit Clear chief executive David Hentschke said the company had identified international expansion as a “strategic growth priority”.
âThe partnership and team agreement with Techub offers our most significant international opportunity to date. “
âThe deal enables a deep and meaningful partnership, where Credit Clear’s industry-leading digital platform, which integrates behavioral analytics and adaptive workflows, will be implemented across multiple campaigns across the accounts receivable portfolio. multi-billion dollar Techub. “
Mr Hentschke noted that the deal with Techub allowed Credit Clear to enter new markets without the need for significant configuration or platform changes.
âThe results we have produced in Australia by applying our digital platform, with its cutting edge and optimizable workflows and behavioral AI, have demonstrated the enormity of the global opportunity. “
âApplying our technology to Techub’s multi-billion dollar accounts receivable portfolio is exactly how we envisioned the path to global expansion and scale,â added Mr. Hentschke.