Launching the Asia Debts XChange at the Asian Financial Service Congress in February.

April 2009: The current economic downturn and credit crunch is a most appropriate time for financial BPO specialist Melioris to introduce its ADX Debts Sale and Buying platform for customers to improve cashflow and working capital.

Its wholly-owned subsidiary, Asia Debts XChange, won the Merit award under the Financial Applications category in last year’s Infocomm Singapore Awards 2008.

CEO Mak Chee Wah says: “This is a recognition of the innovation in the Melioris suite of receivables management solutions to help the industry in working capital management. It is also a testimony that our proven receivable management solutions create value and help clients solve their business problems.”

Established in 2001 in Singapore with fulfilment centres in the region, Melioris provides cost-effective IT-enabled outsourcing solutions for financial processes. Its ADX Debts Sale and Buying service was launched at the Asian Financial Service Congress in February 2009. The service helps companies offload their delinquent and distressed debts portfolios to third-party debts buyers and private equity companies. It enables the sellers to access the widest participation from the debt buyers and equity companies and achieve the highest bids for their debt portfolio.

Mr Mak explains that the Debt Sale and Buying platform allows clients to get the highest value for their debt portfolios through a wide participation in the exchange.

In addition to providing the technology platform, ADX has a pool of reputable third-party agencies in the region to facilitate the collection and recoveries of debts, thus helping companies improve cashflow and working capital management.

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