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The StubbsGazette corporate scorecards are based on data we gather from:
The credit score, essentially measures financial resilience and regardless of the business sector a firm operates in, it will be the most financially resilient that will last longest, and the financially flimsy that will fail first. If a company’s gearing was on the high side and liquidity was poor when everything was good, it is going to be overly leveraged and liquidity will have gone critical in the post pandemic world, and this is the kind of thing that is reflected in the new scorecards.
Alongside this we are developing a dual Covid 19 Industry Score taking into consideration all the factors described above and expanding our datasets to include CSO and other reliable sources.
Keep an eye on your existing customers financial health by accessing the most comprehensive credit checking facility on the market.
Minimise the risk and make smart credit decisions. Access CRO documents, judgments, disqualified/restricted directors, bankruptcies, personal insolvencies
Anti-Money laundering checks can be incorporated alongside your regular StubbsGazette checks to include adverse media, PEP and other enforcement and sanctions to complete Enhanced Customer Due Diligence requirements your company may need.
Our Credit Bureau is your complete solution, it is not just for credit checking. By registering for a StubbsGazette online account not only do you gain access to our credit checking database, you unlock our full range of services.
Your online account can be used for:
StubbsGazette handle debt management for your company so that you can place more focus on daily operations leaving the worry over customers not paying you to the experts. Providing successful mediation, dispute resolution and instalment planning to ensure successful debt recovery.
More often than not we can avoid the last resort of going to court. We can liaise with your debtor regarding your disputed debt and come to a solution!
Why choose us for collection of your unpaid debts?
Let StubbsGazette handle debt management for your company so that you can place more focus on daily operations leaving the worry over customers not paying you to the experts. Debt Recovery is a full time job. We carry all the weight by handling all requests and queries a debtor may have regarding a disputed debt. Plus our debt collection experts work on a no win, no fee basis, so there is no risk involved.
How can we help you get paid?
We provide successful mediation, dispute resolution and installment planning to ensure successful debt recovery. We have the best people and harnessing the most up-to-date technology to ensure that we deliver an effective and quality service to our clients. Our Collections team and staff promise to do everything we can to help you in recovering outstanding debts we are here to offer advice and any assistance our collection team can give you.
If your customers are ignoring your requests for payment then it may be time to send a Demand Letter from StubbsGazette. Getting a letter from a StubbsGazette is enough to persuade most people into paying pretty quickly.
Increase payments on overdue accounts and reduce your debtor days by leveraging the StubbsGazette brand.
What is a Demand Letter?
A demand letters calls upon a debtor to discharge a debt within a specific time period they are advised to contact you directly and they are warned that if they fail to do so, legal proceedings will follow and they are at risk of appearing in StubbsGazette.
When should I send a Demand Letter?
A letter of demand is usually sent when you have tried unsuccessfully to get your invoice paid and it is the right time to take more serious action.
Why should I send a StubbsGazette Demand Letter?
Sending a StubbsGazette Demand Letter can be a hugely cost effective tactic and very often means avoiding the cost and inconvenience of going to court. When that happens we do not take a percentage – you keep all the money you’re owed.
Benefits:
StubbsGazette offer an incredible Automated Treatment service for our clients to get the best chance of getting a response from debtors. We have made the process of treating debts more efficient by building a platform that automates and manages debts for you.
A course of action is automatically scheduled over a period so you can free up time and resources.
Treatment Plans
Automated treatment plans have been created in order for our clients to get the best chance of getting a response from debtors. In doing this we have made it a more efficient process by creating a automated process. By letting debt management platform do the work for you. This course of action is schedules over a period so our clients can free up time and resources until you get from your debtors.
All debts registered will automatically be subject to the following treatment until your debtor engages with you:
Stubbs Controller is, we believe, a highly disruptive technology that places the technology and processes of a specialist recovery agency (StubbsGazette) under the direct control of our clients.
It allows credit controllers to have access to all of the persuasive weight, systems and protocols of StubbsGazette before any decision to appoint what may well be unnecessary and costly intervention from third party agencies and legal firms, keeping the collections process in-house.
Explore our compliance solutions which cut through the complexity of your regulatory requirements. Our Enhanced Due Diligence checks allow you to meet the legal requirements while detecting, reporting and analysing money laundering activities. Compliance with AML, KYC and sanction requirements continue to be a key focus area for management and firms must ensure they are following appropriate compliance procedures to meet increasing regulatory demands.
How can we help?
As businesses struggle to comply with strict and dynamic regulations our compliance solutions let you focus on what matters most by removing the most onerous aspects of the new obligations.
Check your customer base in real time against:
Our Enhanced Customer Due Diligence service will:
We can also help you keep up to date with compliance and regulatory obligations with regards to the Fitness and Probity of employees working in key positions within your organisation.
By adopting a risk-based approach to compliance not only will you satisfy your compliance obligations it will help you identify real risk within your business. Receive the assurance that all your compliance obligations are in order and up to date by contacting us today!
REDUCE THE HEADACHE OF FALSE POSITIVES
Local Knowledge Advantage
As most Credit Unions are community based, you will have a very good local knowledge of the special conditions pertaining to the community and the particular circumstances of your credit union. Unfortunately your local knowledge is not replicated on many of the PEP Matching and Screening services that are available in Ireland, resulting in poor matching and far too many false positives.
Existing solutions generate significant and unnecessary amounts of false positives which escalate the need for additional trained staff to process and investigate, pushing up the cost of compliance.
In addition to this, the lack of comprehensive and accurate local data hampers and limits your ability to positively identify and match members who could be considered as higher risks.
To overcome this StubbsGazette have developed a bespoke local CDD/KYC solution for Credit Unions in Ireland.
Our Local Knowledge Experts supplement your local experience to ensure that you have maximum visibility and coverage of PEPs and Special Interest People within your Common Bond.
In addition to our national and international PEP/AML/Sanctions Databases, our Local Knowledge Experts, research and reference local sources with up to date and accurate data which is then matched and screened against your members data to produce better quality results.
Tried and Tested
Many credit unions currently using our service have found that our matching results and rules based scoring increase the positive matches while significantly reducing the false positives and alerts.
Referencing our set of Critical Data Elements allows us to discount false positives at the earliest opportunity which helps reduce the false positives by up to 84% which results in huge operation cost savings.
International research found that working through each alert is time-consuming and complex at an average cost of €25 each time, cumulatively creating a massive bill when a credit union has thousands of members.
A recent batch screening by StubbsGazette eliminated 1,316 false positives when compared to the results of a previous screening undertaken by the Credit Union using a different service. This saved the Credit Union approximately €32,000. Furthermore the StubbsGazette screening resulted in a 300% uplift in positive results from 52 to 156, reducing the possibility of breaches.
Service Summary
Benefits
Here at StubbsGazette we have partnered with UK technology company Sagacity Solutions, one of only three accredited Eircode providers, to design an Eircode service for Irish businesses. We believe there is substantial value to businesses with large databases of customers in adding an Eircode to their customer files. Doing so prompts business decision makers through statistical messages that help improve planning and logistics.
We would hardly want to offer these services to others without being committed users ourselves so we first asked Sagacity to apply Eircodes to some 500,000 pieces of StubbsGazette detrimental data, such as judgments, bankruptcies, disqualified directors and so on to build a comprehensive picture of the overall debt and credit profile across the country.
From the outset, the use of Eircodes hugely facilitated the data cleansing process, eliminating various anomalies and duplications, before allowing us to append our own data.
We believe the exercise amply demonstrates the power of applying Eircodes to raw data but the potential needs to be recognised by business. This is just a first step into looking at the kind of address/location-based insight and profiling that can be applied with the use of Eircodes that would have been very difficult if not impossible before. The future is not big data but good data.
While the Eircode database runs across some 2.2 million addresses, universal adoption must be the goal and early adopters are likely to reap those benefits in terms of improved customer service, compliance, planning and improved delivery of goods, services and correspondence.
Value of debt judgments down by a third, but recovery remains 'patchy' - www.independent.ie
For further information on how we help please contact:
James Treacy
Ph: 00353 1 6725939
E: james.treacy@stubbsgazette.ie
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