Since the beginning of the year, people have seen heightened concerns around the credit crunch and its effect on the nation is hitting the headlines on a daily basis. This, combined with a slowdown in new business applications, has prompted risk managers and finance departments to heavily focus on collections and the true cost of bad debt. The latest advancement in this area has been the launch of the Collections Information Service (CIS), which aims to improve debt recovery by enabling organizations to take action at the most appropriate time to secure payment. CIS is accessed via a single click-through to a Web service which allows new services and data sources to be added easily.
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