News release
Contact:
James Taylor
Experian
Tel: + 44 (0)115 99 22650
Email: james.taylor2@uk.experian.com
EXPERIAN
LAUNCHES HOSTED COLLECTIONS STRATEGY SERVICE
Nottingham, UK, 6 October 2009 - Experian®, the global
information services company, today announced the launch of its Portfolio
Management Package, a new hosted collections service. Experian’s latest innovation means that for
the first time, creditors of all sizes in the UK can benefit from Experian’s
sophisticated pre-delinquency and collections strategy tools, priced according
to the size of their portfolio.
Delivered as an integrated, hosted service, Portfolio Management Package
requires minimal set-up costs and time and no infrastructure investment. It uses Experian’s market leading data,
software and analytics to accurately assess risk and the likelihood of
collections success across customer accounts.
Portfolio Management Package then finely segments the portfolios to
determine the most appropriate actions for the creditor to take.
Portfolio Management Package determines actions based on a range of best
practice treatment strategies developed by Experian’s collections consultancy
team. These strategies guide the timing and manner of interactions with
customers in arrears, to ensure that they are appropriate to their
circumstances. The service also provides detailed reporting on collections performance
and provides users with the ability to test new strategies alongside existing
approaches to drive further improvements.
Simon Waller, Head of Collections, Experian UK
& Ireland
comments: “With the launch of Portfolio Management Package, we are continuing
to drive even greater innovation in collections by creating a service that can
be implemented with zero capital investment, and offer immediate improvements
in recovery rates and collections efficiencies.
“Today’s economic climate means that creditors, from banks through to telecoms
providers, utilities, debt buyers and public sector organisations, are all
facing significant collections challenges that need to be addressed. Portfolio
Management Package’s pay-per-use pricing and rapid implementation offers a
compelling proposition for companies of all sizes.”
About Experian
Experian is the leading global information services company, providing data and
analytical tools to clients in more than 65 countries. The company helps
businesses to manage credit risk, prevent fraud, target marketing offers and
automate decision making. Experian also helps individuals to check their credit
report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent
of the FTSE 100 index. Total revenue for the year ended 31 March 2009 was $3.9
billion. Experian employs approximately 15,000 people in 40 countries and has
its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK;
Costa Mesa, California;
and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.