Oxygen Finance partners with Intrum to offer innovative collection services for local government
Award-winning early payment programme provider, Oxygen Finance is partnering with Intrum, Europe’s leading credit management services company to develop a modular payment and credit management solution for local government.
Poor debt collection results in additional strain on stretched public sector budgets from increased demand on temporary housing as well as healthcare, education and social services. Intrum’s offer can help Councils improve their financial position whilst protecting vulnerable residents.
The enhanced service is expected to be well-received by cash-strapped Councils as they face a reduction in Government funding of £16 billion by 2020. Combining Intrum’s services with Oxygen’s early payment offer helps clients to optimise P2P processes, digitise back office functions and expedite debt recovery – ultimately generating significant savings.
Commenting on the partnership, Ben Jackson, CEO of Oxygen Finance, said,
“Our clients are typically large public sector organisations looking to achieve sustainable cost savings by transforming working practices. Our partnership with Intrum enables us to offer these organisations a complete solution encompassing both early payment and credit management.”
Eddie Nott, Managing Director at Intrum explained why the two businesses chose to join forces,
“There is a strong synergy between the two businesses which makes Oxygen an ideal partner for us. Intrum lead the sector in customer experience by utilising highly trained advisors using the latest collections technology and Oxygen is a market leader in their sector with a professional approach and a strong focus on social value and ethical business practices. We’re delighted to be working with a company with such a strong footprint in the public sector and talking to local authorities about the services we can offer.”