Experian®, announced the launch of Account Monitoring ServiceSM, its comprehensive business credit monitoring system that provides relevant and actionable alerts, enabling clients to minimize risk and maximize customer relationships. The new system includes the industry’s widest range of credit-based alerts to inform clients of significant positive and negative events in their customers’ credit profiles, allowing them to avoid risk or signal up-sell or cross-sell opportunities.

Experian’s Account Monitoring Service is available to clients in three convenient delivery methods, including batch, Web service or through its new software interface, Portfolio Alert AdvisorSM. The new software provides enhanced filtering capabilities to view and process alerts in a prioritized list that can be expanded to provide specific details about each event or change. Portfolio Alert Advisor also improves the account management process by providing a multiuser, workflow-driven environment that helps reduce labor costs and time spent managing individual accounts.

The new Account Monitoring ServiceSM includes the industry’s most comprehensive set of triggers:  Score changes; payment behavior changes; public record filings, including bankruptcy, liens and judgments; collection filings; changes in key payment ratios, delinquent accounts; and inquiries.  Source: Experian Press Release

BIIA Newsletter May – 2008 Issue