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
COSTA MESA, Calif., Feb. 12, 2013 /PRNewswire/ --Experian^®, the leading
global information services company, today announced new enhancements to its
Collections Recovery Tool^SM, 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:
oMore qualified contacts — Increase opportunities to collect with
additional qualified contacts and operating business locations to help
locate hard-to-find debtors.
oBusiness 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
oTrade 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 BizSource^SM 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
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
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,
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.
Experian Public Relations
1 714 830 5578
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