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NEXUM
Debt Recovery & Enforcement Software
Winter 2015
“Greater regulatory compliance, changes in legislation and methods of working will continue at an every increasing pace. Technology coupled with a deep understanding of the issues holds the key “
In 2015 can technology make a real contribution to your Debt Recovery and Enforcement business?
The Market
Legislative
dramatically affected the way many debt recovery and enforcement businesses worked.
With increased levels of regulation across all sectors, your clients will have a preference for ‘added value’ services able to assist them in meeting the obligations and manage risk within their own business. This increased level of expectation has resulted in many
The Challenge for Technology
With many enforcement businesses and debt recovery agencies operating systems ‘built to last ‘ at a time when change was at a slow pace, the current rapid pace of change has resulted in a much reduced life span of their legacy systems with some facing huge costs to enhance or change.
Moving from a system after many years to a new one can represent significant change and has many risks associated.
But this is the challenge and in many respects a much easier proposition than you may expect.
A Greater Opportunity
When replacing your existing system, using NEXUM to better manage the process of issuing proceedings, transferring debts between County and High Court is just the start of the overall performance gain to your business.
As you would expect helping you to reduce operating costs is just one area where NEXUM dramatically improves. Winning new and retaining existing clients breaks new ground as NEXUM helps you communicate and integrate with clients making the process of managing accounts more cost effective and profitable.
changes
in 2014
Lawyers and High Enforcement Officers themselves in the challenging situation of ‘doing’ much more to retain business and win new clients.
Court finding