Cerebreon Income & Expenditure
I&E Automation for Debt Industry
Concerned about the high cost of processing IVAs and Debt Management Plans?
In spite of increased demand, debt management and insolvency practitioner growth is being held back by a lack of digital tools that take advantage of open banking, consumer applications and cloud-based AI.
Manual processes extend the time required to work through data and complete regulatory reports. With increasing time pressure to complete cases, there is an increasing risk that unintended errors that may lead to fines.
Introducing Cerebreon I&E
Cerebreon I&E uses pioneering machine learning technology to automate I&E production and reporting processes for Insolvency Practitioner firms.
Cerebreon I&E is a digital tool that automatically executes a fully compliant annual income and expenditure report.
Detailed I&E assessments, completed via Open Banking data or automated processing of physical documents, such as bank statements, payslips and P60s, streamlines both the Nominee and Annual Review processes.
Why IPs Use Cerebreon I&E
Trusted by the top insolvency practitioner firms in the UK.
Fully independent tech company with over 35 years insolvency industry expertise
State-of-the-art and secure cloud based technology deployed on Microsoft Azure
Fully GDPR regulated to ensure the highest levels of compliance
“Improve revenue and cashflow with accurate portfolio management”
75% reduction in manual processing time per I&E
Increase sustainable cases that reach completion
Open banking data is linked to mulptiple accounts
Full auditability and demonstration of regulatory compliance
Ability to onboard and manage higher case volumes
Personalised data insights to make informed decisions
Powerful Automation to Cut Manual Processing Times
Cerebreon I&E offers firms an innovative solution for accurate, quick and simple I&E report production and can provide data-driven intelligence for effective case management.
1. Simple Set Up
Set up account and login on favourite browser.
2. Fast Document Upload
Upload consumer documents or connect to consumer Open Banking data stream.
3. Automatic Transaction Categorisation
Automatically categorise transactions and match consumer spends to SFS or StepChange guidelines.
4. Full Manual Intervention
Complex scenarios and transactions may mean exceptions to the rule – users have full categorisation control.
5. Export Reports
Automatic generation of summary Income & Expenditure report.
6. Billing at a Case Level
Full cost of I&E directly attributable to case.
Annual & Pay-As-You-Go options available
With thousands of UK consumers facing extreme financial pressures, the current economic crisis is making Cerebreon I&E the most relevant and important SaaS offering to support Insolvency Practitioner firms and vulnerable consumers.
At Cerebreon we appreciate that every firm is different and a ‘one-size-fits-all’ solution does not exist. Hence, we are offering three I&E products, each tailored to accommodate firms’ own capabilities and requirements.
Consumer facing portal allows consumers to directly upload documents to be accessed by Insolvency Practioners.
Drag and drop to process paper documents or connect to consumer open banking for auto transaction access.
Simply integrate to any database and CRM system already in use.
Automatically categorise all transactions reducing manual requirements.
No Training Needed
User friendly with usage training in the platform for ease.
Simple Set Up
Deployed on the cloud, with no requirement for extensive download
Cerebreon I&E Features
Try Cerebreon Today
3 x free I&E reports including
- Automated data extraction from bank statements, P60s and payslips.
- Consumer facing app
- Open Banking
- SFS & StepChange comparison