Benefits
Collection Solutions helps increase right-party contact, shorten collection time, minimize your risk and increase operational efficiency.
Stronger search tools speed critical research
The Contact and Locate workflow delivers access to robust search tools that streamline skip trace efforts and pinpoint right-party contacts. With intuitive searches and links to critical consumer details, this tool speeds and simplifies your collections workflow by helping you quickly find people and businesses. Reduce time-consuming skip tracing research with the Contact and Locate workflow and stay focused on successful collections.
Collect with more confidence
The Decisioning workflow combines the power of robust LexisNexis® data with leading proprietary linking technology to help you quickly access detailed data sets to support well-informed collections decisions. These tools help ensure you are using the right data for permissible purposes. Utilize robust data to build focused collection strategies and quickly:
• Determine ability to repay
• Determine eligibility for repayment plan
• Recommend payoff amounts
With the insight gained from the Decisioning workflow, you can focus resources on accounts where you can get the best results.
Increase the efficiency of your collections strategy
Easily find the consumer and business information you need with one of the two distinct workflows while controlling the information investment based on your specific workflow strategies. Expand your research with intuitive links to "Next Steps" and "We Also Found" prompts that clearly show you what types of other information are available.
Features
Industry studies have shown that billions of dollars are in delinquency at any given time. Unfortunately, credit issuers and debt collectors can expect to retrieve only a fraction of what is owed. Improve your operational efficiencies and increase recovery rates with LexisNexis® Collections Management Solutions.
Intuitive features keep you focused on success
The Contact and Locate workflow delivers succinct, easy-to-interpret reports that enable you to add a layer of efficiency to your collections process and stay focused on the data that matters. Pre-determined reports are available with data pertaining to specific collections needs, including: Finder Report, Contact Card Report, Address Report and Business Report.
User-friendly features make recovery more efficient
By delivering concise, easy-to-interpret summary reports, the Decisioning workflow adds a layer of efficiency to your collections process and keeps you focused on the data that matters. Pre-determined reports are available with data pertaining to specific collections needs, including: Comprehensive Report for Contact and Locate, Comprehensive Report for Decisioning, Pre-litigation Report and Asset Report. You can also easily build custom reports that display the data you need in a format that fits your specific workflow. The Decisioning workflow simplifies FCRA searches to deliver critical decisioning insights that help you collect with confidence.
This powerful suite of workflow tools helps you locate and investigate debtors and prioritize your collections efforts. We'll help you make sure that your account information is up-to-date in order to increase right-party contact rates, minimize risk, and maximize recovery.