Credit, collections & insolvency news
After months of collating industry responses, Credit Connect Media is pleased to announce the launch of a new Credit & Collections Technology Industry Guide.
Credit Connect Media has teamed up with Asset Finance Policy to launch the guide after extensively surveying technology suppliers in order to better understand the landscape of technology and the offering which could enable better credit and collections processes.
The information in this guide is based on responses to a questionnaire issued to solution providers serving the consumer credit and collections industries. In preparing the questionnaire, the guide created a list of around 250 possible features that solutions might offer.
Version 1 of the report will cost £250+VAT with updates planned every 6 months, whereby the guide will evolve to include more technology suppliers as they emerge and the guide will also become more interactive as the guide progresses.
Founder of the guide Colin White from Credit Connect Media said “I have always thought there was space for this type of guide in credit and collections and am pleased to get version one of the guide launched. Market forces have dictated a need for technology and with so many different suppliers in the industry it can become a minefield for creditors, lenders and collections specialists to decide what is the best solution depending on the business sector and needs.”
“In time the guide will evolve alongside our Credit & Collections Technology Awards so we can elevate the status of the key technology suppliers but more importantly enhance the use of technology through the correct channels.”
Julian Rose, Director at Asset Finance Policy said “As well as end-to-end consumer credit and collections software solutions, there’s an increasing number of specialist players covering areas including affordability, vulnerability and customer communications. We have created a detailed taxonomy of features to help firms to identify the options available from both single and multiple suppliers. ”
