October 22, 2008 Information technology and business process services provider CGI Group Inc. (Fairfax, Va.) has launched the newest version of its end-to-end collections and recovery application, CACS Enterprise.

The new version had enhanced support for mortgage and home equity collections including loss mitigation and foreclosure evaluation and processing. New features and functions include mortgage processing support for loss mitigation and workout program evaluation, foreclosure worksheets for property valuation and equity analysis, and expanded support for customer level processing. In addition, the new release of CACS provides dynamic scripting to guide collectors through the customer interview process, resulting in more consistent customer treatment, as well as tools to simplify the conversion of existing charge-off accounts into CACS Enterprise and Recovery Accounting.