Open Connections

• 1: Home
• 2: Services
  • 2.1: Support
  • 2.2: Subcontracted Implementation
  • 2.3: Document Scanning
  • 2.4: Document Conversion
  • 2.5: Project Implementation
• 3: Products
  • 3.1: Enterprise Content Management
    • 3.1.1: IBM FileNet P8
    • 3.1.2: IBM FileNet Content Services
    • 3.1.3: IBM FileNet Image Services
  • 3.2: Scanning
    • 3.2.1: Kofax
    • 3.2.2: Datacap
    • 3.2.3: FileNet Capture
  • 3.3: Scanning Services
• 4: Solutions
  • 4.1: Contract Management
  • 4.2: IVA and Debt Management
• 5: Corporate Profile
• 6: Contact Us

IVA and Debt Management

IVA & Debt Management, Administration Solution

The management of an IVA or Debt Management Plan (DMP) involves a number of complicated processes and steps; from the first phone call through to the stages of Nominee and Supervisory with an IVA, and agreed terms and payments with DMP.

With the constant changes to regulations and guidelines for IVAs and DMPs, companies will find it essential to implement software to streamline their processes, deal with the increasing demands from both debtors and creditors, and strive to drive down costs. In the very competitive world of IVA and DMP provision, companies are constantly looking to gain a competitive edge.

By investing and implementing in a system that automates labour and time intensive activities, and utilises automated workflow to manage and drive the processes through the organisation, they can reduce the need for costly manual intervention. At the same time this offers the opportunity to ensure no documents are lost, the loss of key documents can lead to, at best, delays, and at worst, the loss of the applicant to another provider, and wasted time already invested in the preparation of that particular case for the creditors.

As all cases and supporting documentation are held in one repository it ensures that specific request from creditors for copies of supporting documents such as pay-slips, bank statements and utility bills are easily found and provided. This translates into an improved service and turn-around time for agreement from creditors.