Case Studies
Education Assistance Services Enhances Collections Productivity with LexisNexis® Accurint® for Collections
Overview
Functional Applications - Enterprise Resource Planning Systems (ERP) | |
Education Finance & Insurance | |
Business Operation | |
Predictive Replenishment Track & Trace of Assets | |
System Integration | |
Operational Impact
The decision had an immediate impact. Within a month after making the decision, Taylor estimates that Accurint for Collections has improved the company’s productivity by a minimum of 40 percent. | |
The improvement is attributable to each agent’s ability to locate and make contact with more debtors, faster than ever before. | |
While the industry norm is that the average collector skip traces and makes contact with an average of 2-3 new debtors each day, Taylor’s agents are establishing contact with 4-5 new debtors a day. | |
Quantitative Benefit
Taylor estimates that EAS has achieved a 30-40 percent increase in cash collections alone within the first month of using Accurint for Collections compared to free web-based skip trace sites. | |