Vikas Kumar is a senior consultant in Decision Analytics’ Global Consulting Practice. He outlines the critical rationale behind effective collections benchmarking.
With annual fraud losses across the UK now reaching £70 billion, it is estimated that insurance fraud now tops £2 billion.
If you have attended any of the numerous digital conferences and exhibitions this year you will have noticed that attribution is the hot topic, as was the case with web analytics, SEO and PPC in previous years. But one area that is often overlooked is how a good segmentation strategy can be used in your online acquisition and optimisation strategies.
Identifying customers at risk of default is a new concept to most lenders. Mark Keyworth, Client Consulting Director for Experian, explains the way to reduce risk and cost significantly; by monitoring and spotting the warning signs of pre-delinquency and acting early enough to avoid collections.
This year’s ICM awards represented a great achievement for Experian…not only because Experian secured one of the awards, but also because several of Experian’s customers also won awards. They included Britvic for ‘Best use of Credit Technology’; Sharon Adams of Aimia Foods, for ‘Credit Professional of the Year’; and Veolia Environmental Services (UK) with ‘Credit Employer of the Year’.
In our survey of over 260 corporate treasurers we asked; “Have you appointed someone to be responsible for your organisation’s migration to SEPA?
The 2012 Late Payment Index from Experian®, the global information services company, today revealed that UK businesses paid their bills more than a day earlier in 2012, compared to 2011. During 2012, firms paid their overdue invoices on average 24.66 days after agreed terms, compared to an average of 25.70 days during 2011.
The 2012 Business Insolvency Index from Experian®, the global information services company, reveals that during 2012, 0.86 per cent fewer UK businesses failed than the previous year, with 1.04 per cent of the business population failing compared to 1.10 per cent in 2011. The year ended with December seeing 0.08 per cent of businesses fail. This compares to 0.11 per cent in the same month during 2011 and represents the lowest rate seen in December since 2007.
Hunter, Experian’s industry-leading data-sharing fraud prevention software, has been enhanced to improve its performance and efficiency for anti-fraud operations.
