Utilities

The ability to forecast and maintain cash flow is a major indicator of an organization’s success, but it can also be one of the hardest to control. Even when you assess a customer’s risk upfront, what if unforeseen circumstances negatively affect the customer’s ability to pay? Do you have systems in place to adjust your collections strategies? The population is increasingly transient and more people are renting their homes due to economic shifts. What happens when customers move away without settling their bills?

LexisNexis is committed to helping utilities providers recover as much revenue as possible before they resort to outsourcing their collections. We understand that most providers don’t have the time and resources to carry out protracted collections pursuits. Drawing on our extensive information databases, we are able to help you gain greater efficiency by facilitating collections on the “low-hanging fruit”, allowing your organization to recover more revenue before selling off delinquent accounts for a fraction of their worth.