Experian enhances skip-tracing service to help professionals better target, prioritize and collect on delinquent commercial accounts
New enhancements provide insights into a customer's payment behavior and actionable intelligence to help reduce losses
COSTA MESA, Calif., Feb. 12, 2013 /PRNewswire/ -- Experian®, the leading global information services company, today announced new enhancements to its Collections Recovery ToolSM, a commercial skip-tracing service that increases opportunities for collections professionals to collect on outstanding obligations. The newly enhanced service provides users with alternative contacts and business locations greater insight into a debtor's credit relationships and access to a debtor's payment behavior to identify those most likely to pay off existing debt.
"As we develop new applications to assist our clients in growing their businesses, we are also committed to continue enhancing our existing products and services that enable them to become more efficient and productive," said Allen Anderson, president of Experian's Business Information Services. "The Collections Recovery Tool enhancements provide an additional level of insight into a debtor's business relationships, allowing our clients to allocate resources appropriately and focus their collections activities, which will save them both time and money."
The new enhancements to Collections Recovery Tool include:
- More qualified contacts — Increase opportunities to collect with additional qualified contacts and operating business locations to help locate hard-to-find debtors.
- Business owner linkage data — Assess the overall financial health of a debtor by identifying all businesses associated with that debtor, along with the creditworthiness of those businesses. Additionally, uncover co-owners/principals linked to the business who may also have financial responsibility.
- Trade payment behavior data — Manage collections more efficiently by understanding which debtors are most likely to pay based upon 90-day payment performance indicators.
Collections Recovery Tool leverages Experian's BizSourceSM database and multiple third-party data sources to supply alternative contact names, addresses, telephone numbers and affiliated business accounts. On average, 100,000 contacts are added and 3.7 million business profiles are updated weekly to ensure collections professionals have the most updated contact information.
To learn more about Collections Recovery Tool or Experian's other advanced business-to-business products and services, visit http://www.experian.com/b2b.
About Experian's Business Information Services
Experian's Business Information Services is a leader in providing data and predictive insights to organizations, helping them mitigate risk and improve profitability. The company's business database provides comprehensive, third-party-verified information on 99.9 percent of all U.S. companies. Experian provides market-leading tools that assist clients of all sizes in making real-time decisions, processing new applications, managing customer relationships and collecting on delinquent accounts. For more information about Experian's advanced business-to-business products and services, visit www.experian.com/b2b.
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group 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 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and Sao Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
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