AACER vs. PACER? What's the Difference?
- 3 Mins
Anyone with experience in the business of bankruptcy is likely familiar with PACER (Public Access to Court Electronic Records), the search tool for accessing federal court documents. So what sets similarly-named AACER apart from this government service? AACER’s automated bankruptcy information services platform turns bankruptcy data into solutions, helping customers gain valuable insights, scale operations, reduce risk and improve case outcomes.
Provides easier and faster case search
The AACER platform has over 35 million bankruptcy cases and 200 million document pages. Cases can be quickly located through a variety of search criteria. Our solution simplifies the workflow of identifying case details to a one-step process, compared to PACER’s four-step process. Additionally, internal customer and loan IDs can be associated to AACER’s case records and saved and/or exported for faster, more valuable results.
Reduces PACER document search and retrieval costs
AACER’s unique LinkShareTM system uses a crowdsourcing model for document retrieval that has reduced our customers' equivalent PACER costs by 54 percent. This shared document program has saved customers more than $43.22 million over the last 19 years. Unlike PACER, where users are charged every time a document is opened, once a document has been retrieved by a user, it is available in AACER with unlimited access for anyone else in the same organization. Additionally, if another AACER customer has already retrieved a document it can also be accessed at a discounted rate. As customers access documents, costs naturally decrease, creating more savings for everyone.
Automatically identifies new bankruptcy cases
The AACER platform automatically searches all U.S. Bankruptcy Courts on a nightly basis and captures new filing information. It then compares the new filings against a loan or credit portfolio to identify new bankruptcy filing matches. Results are loaded into notification "work queues" for users to review, approve and subsequently be added as new cases in the servicing system of use. This automated workflow enables users to identify new bankruptcy cases with greater certainty and proactively organize daily court case notifications in one place.
Eliminate manual search for key case documents and events at scale
The AACER platform offers a variety of daily monitoring capabilities: docket monitoring identifies daily case changes, claims monitoring identifies daily posting of claims, and disposition monitoring identifies when a case dispositions. Critical docket events can be loaded into “work queues” within the AACER platform so that work can be distributed and reviewed according to your business process. Identification of critical case activities enables users to meet deadlines, protect assets and prevent fines.
Eliminate errors and cost in Trustee payment processing
AACER’s Trustee Payment Matching functionality auto-matches payments from the National Data Center (NDC) to loan portfolios. It eliminates errors from manual processing and reduces the cost and risk associated with misapplication of Trustee payments.
AACER is your partner in bankruptcy
Our purpose is to partner with you in all facets of your bankruptcy information needs. The AACER platform has been developed and enhanced in partnership with our customers over the last 19 years. We attribute our position as the leader in bankruptcy information to our efficient platform and committed team of industry experts.
AACER’s platform does more than present data; it leverages automation to streamline operations for all businesses impacted by bankruptcies and is implemented by a team whose mission is to support its customers.
To learn more about the AACER platform, visit the AACER website.
The contents of this article are intended to convey general information only and not to provide legal advice or opinions.