Experian’s Revenue Assurance FrameworkSM provides a combination
of consultative services with cutting-edge collection optimization tools to assist
government agencies at all levels of the debt management cycle.
The management and collection of debt is often a complicated process to which limited
resources can be applied. The expertise required to optimize debt assets calls for
a holistic evaluation of existing processes conducted by individuals with a unique
background of topical expertise and real-life experience in such issues. The
Experian Revenue Assurance Framework combines consultative expertise with
a suite of premier collection tools to allow organizations to streamline collection
optimization efforts and create increased revenue potential throughout all phases
of the debt management cycle.
Maximize Dollars Collected while Minimizing Collection Expenditures
In the current economic environment, implementing the most effective collection
strategies is critical to ensure that your organization meets key business objectives.
With risk exposure unstable and the volume of outstanding accounts escalating, it
is more important than ever for your organization to optimize early- and late-stage
collections strategies to maximize recovered dollars and monetize current debt assets.
Experian® can assist you in creating a holistic collection strategy across your
organization to improve efficiency, maximize recovered dollars and monetize current
debt assets where appropriate.
Monetize Stale Debt
Once a debt has been attempted through in-house government collection processes
and outside third-party collectors, it is often held on balance sheets and accumulates
year over year until written off. That stale debt can be evaluated for its potential
to create immediate revenue through its sale. Experian offers consultative services
and evaluation tools to assist government agencies in determining the viability of
a stale assets sale, the potential market value of the asset and consultative services
to assist in the overall debt sale process.
Optimize Collection Efforts
In order to assure the highest possible return, Experian’s industry-leading
optimization tools for collections will improve internal collection practices by assessing
each consumer at the account level to determine the best contact method, time and
message for engagement; assure regulatory compliance and special handling of protected
class debtors; and provide a holistic view of a consumer’s interactions with
the municipality in order to take advantage of point of new service collection practices.
Assure Successful Future Collection Efforts
Experian’s identity and eligibility tools at the time of initial transaction
can minimize future difficult- or impossible-to-collect actions that inevitably become
accounts receivable. Leveraging Experian’s vast data resources, you can validate/standardize
applicant data prior to system entry to ensure data accuracy and the ability to make
contact in the future. In addition, identities can be authenticated to ensure only
the appropriate persons are obtaining the benefits and are responsible for any outstanding
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