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Insolvency Practitioner
For Insolvency Practitioners, Cerebreon helps automate the supervisory functions, reduce costs, prove regulatory compliance ensuring arrangements remain sustainable and suitable, and predict if arrangements are on a trajectory to default so that preventative action can be taken.
Automated Processing
- Data structuring and verified end-to-end data transfer
- >98% data accuracy for an increased number of data fields
- Automated claims management services
- Accurate I&E generation and real-time supervision
Improved Efficiency & Recovery
- Prediction of consumer default and preventative action triggers
- Re-focus of staff to revenue-generating roles
- OPEX reduction and improved efficiency
- Larger fee recovery by reducing case failures
Regulatory Compliance
- Full auditability and demonstration of regulatory compliance
- GDPR compliance fully in-built by design and default
- Identify consumer vulnerabilities and application of TCF principles
- Verify that arrangements are sustainable and suitable
Creditors Services
Cerebreon uses proprietary automation technology to extract, validate and process all insolvency documents and supporting data to reduce operating costs, improve accuracy and verify application of TCF principles. Advanced Machine Learning and intelligent algorithms deliver improved predictions of portfolio recovery and ensure creditors can recover the debt they are owed.
Automated Processing
- Claims are lodged on time and managed to maximise recovery
- 75% reduction in manual processing resource
- Automated processing of multi-source unstructured data
- Full industry data management and verified data transfer
Portfolio Recovery Oversight
- Clean and verified data with accurate performance statistics
- Accurate case data & document packaging for potential debt sales
- Rich industry insights and data-driven decisions
- Measure, monitor and report portfolio ROI with confidence
Regulatory Compliance
- GDPR compliance fully in-built by design and default
- Instant documentation and data recovery and storage
- Ensuring TCF principles are fully applied
- Full audit trail for FCA reporting requirements
Read Our Blog
Rebuilding Debt Recovery with Data and Deep Learning
Tackling the biggest challenge facing the insolvency industry The debt and insolvency industry has a big problem. There’s a black hole of data that’s limiting the sector’s ability to make effective decisions and do what’s right for the most vulnerable people in...