Collections and Recovery

Enformion for Collections and Recovery

Enformion has the tools, services and data to help financial institutions, third party collectors, and debt buyers collect and recover efficiently.

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Up-to-Date Contact Information

For many reasons, not just collections, staying current with customer and client contact lists is imperative. You may need to communicate with a customer about their account, create specific marketing offers, and make sure they have the right products for their specific circumstances. Having current contact and place of residence information is good for business, as well as for collections.

  • Enformion batch processing keeps your customer contact information current and complete for client lists large or small.
  • Enformion can run a one-time batch to append and update your customer lists.
  • Enformion can fill in the blanks for other related information by matching and appending your data files.

Maximize Right-Party Contact Rates

The first step to any successful collections effort is getting in touch with the debtor, and starting the repayment conversation. With up-to-date data from Enformion, right-party contact rates increase.

  • Many debtors don’t want to be found, and so will make extra efforts to keep a low profile.
  • Enformion’s skip tracing tools and data can help you find the likely locale of a debtor, even if that information isn’t clearly available.
  • Finding a debtor fast is an important first step toward a timely recovery.

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Focus on your Collections Efforts & Streamline your Recovery Processes

Collections teams focus first on the accounts that are the most likely to pay. Enformion can help to triage these accounts for effective collections.

  • Append your data with relevant financial and circumstantial data that can indicate a person’s likelihood to pay.
  • This can include positive indicators like assets and home ownership, or negative indicators like bankruptcies, foreclosures, death, etc.

INSIGHTS AND EVENTS

WEBINAR

The State of Third-Party Collections 2019: Challenges, Trends and Innovations

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The State of Third-Party Collections 2019: Challenges, Trends and Innovations

CASE STUDIES

The State of Third-Party Collections 2019: Challenges, Trends and Innovations

BLOG

The State of Third-Party Collections 2019: Challenges, Trends and Innovations

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Talk with a specialist today to learn how Enformion can help to customize a solution that’s right for you.

Call us at 1-855-281-3915, or via online today.