I n o Vi s i o n
InoVision: At Last, the After-Collection Solution for Bad Debt InoVision provides utilities with after-collections solutions by selling their dormant bad debt and infusing cash to their bottom line.
When our credit management professionals saw a strategic need in the marketplace for a way to help successful utilities recover much-needed cash from zero-valued assets, they joined together and leveraged their years of experience in the industry to create an illuminating methodology to bring customer satisfaction and instant cash simultaneously. The result of this vision was simply called InoVision. We are the largest provider of after-collection solutions for utilities in the United States. Every day, we continue to help our clients realize tangible results by selling their dormant bad debt accounts and infusing their bottom line with instant cash. With more than 100 combined years of experience in the industr y, InoVision and its seasoned key executives understand the special needs of utilities and know how to turn dormant bad debt into immediate cash. The who’s who of our nation’s largest utilities leverage InoVision’s progressive financial solutions. InoVision will buy utilities’ dormant accounts. Unlike a collection agency, we actually own the accounts we buy. We own the hassles, work, and associated support costs as well. The results extend far beyond just increased cash flow. Utilities who sell bad debt can: • Reallocate staff to profitable ventures. A utility company can streamline staffing or reallocate employees. The result: Staff is focused on reducing losses, and staffing costs decrease. • Receive higher returns than by traditional collection methods. Not only does the utility immediately benefit from the instant infusion
of cash to the bottom line, but also the returns are usually higher than even the best-case scenarios of collection companies that handle the accounts beyond the primary agency collection cycle. • Eliminate liabilities. Eliminate any liabilities for Fair Debt Collection Practices Act (FDCPA) violations by in-house staff or in a collection agency environment, primary or post-primary placements. • Project recoveries with confidence. When you sell accounts regularly and at established rates, you can maintain recovery rates without increasing administrative costs, (i.e., forward flow selling). With forward flow selling, you can predict returns and accurately establish budgets. • Enjoy the time value of money with guaranteed returns. Instead of waiting months or years with no guarantee of any future return, enjoy the opportunity to reinvest and yield future value from current bad debt. In addition, our collections agents are specifically trained to work within regulated utility industries. Our commitment to customer service means that we will handle each debtor’s account with courtesy and respect to ensure continued credibility and minimize customer complaints. And unlike other companies, we get to know our clients, understand their needs, and take pride in helping them succeed. InoVision’s ultimate goal of total client satisfaction will be achieved by offering a fair price for bad debt receivables, ensuring that as owners of the debt we effect collections in such a manner as to minimize complaints, enhancing the perception of our clients so they will not be at a disadvantage in a competitive environment, and addressing client inquiries immediately and from the perspective of knowledge of the industry.
w w w. U t i l i t i e s P r o j e c t . c o m
Solution Provider
www.inovisioninc.com CONTACT INFORMATION Warren Dedrick Chief Executive Officer Joel S. Lewis President Robert M. Hall Vice President Glenn Padgett Vice President InoVision, Inc. 12726 Glenkirk Road Richmond, VA 23233 Phone 804.364.0195 Fax 804.360.1418
[email protected] BUSINESS CONTACT
Joel S. Lewis
[email protected] Phone 804.364.0195
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