Revenue Recovery Solution
Start collecting revenue that is owed to your agency faster and more efficiently.
LexisNexis® Risk Solutions, a leader in debt recovery
solutions offers a comprehensive suite of tools that address the three phases of collections: Segmenting, Locating and Collecting and Monitoring. LexisNexis® Revenue Recovery Solution enables you to prioritize your accounts, locate and contact debtors, and monitor for updates to critical account information—so you can stop searching and start collecting.
Identity-Based Government Collections Solution
There is currently more than $400 billion in unpaid debt owed to government agencies. 60% of which is considered uncollectable due to outdated debtor identity information. LexisNexis Identity-Based Government Collections solution can help agencies collect more of the debt that is owed by resolving the identity of debtors which results in improved efficiency of collection efforts and increased revenue from old debt, intercept lists and debt offset programs.
Learn more about Identity-Based Government Collections Solution.
Homestead Exemption Fraud Detection Solution
Homestead Exemption fraud costs governments millions in lost revenue annually. Governments rely on assessors for an accurate picture of the tax base. LexisNexis® Homestead Exemption Fraud Detection Solution can help assessors to ensure property owners pay their fair share by identifying deceased individuals, multiple exemptions, and people who have moved and/or are renting their exempted properties.
Learn more about Homestead Exemption Fraud Detection Solution.
Enhance Information and Prioritize Accounts
Knowing more information about your accounts enables you to better prioritize your collection efforts. The top 10% of prioritized accounts typically generates ten times more revenue compared to the bottom 10%. LexisNexis Revenue Recovery Solution provides more complete information on accounts, enabling you to reduce the amount of time and effort spent locating debtors and focusing your efforts for improved resource allocation and profitability.
Locate and Contact Your Hard-to-Find Debtors
On average, 35% of delinquent debtors move annually. Locating and contacting them first improves your probability of quick recovery. LexisNexis Revenue Recovery Solution provides comprehensive and complete information on people, businesses and assets, including cell phone numbers and unpublished phone numbers.
Receive Automatic Proactive Account Alerts
The LexisNexis Revenue Recovery Solution helps save time spent checking for updated information on your accounts. You may have a regulatory responsibility to monitor for information and LexisNexis Revenue Recovery Solution helps to fulfill that mandate. Depending on the lifecycle of your collection process, this solution can provide monitoring for extended periods of time.
Get it now: for more information about Revenue Recovery, please call (866) 528-0778.
The information found in the Revenue Recovery Solution is not a consumer report (as defined in the Fair Credit Reporting Act (FCRA)) and may not be used for any purpose permitted by the FCRA. LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. Other products and services may be trademarks or registered trademarks of their respective companies.