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.”
Visit Intrum and Oxygen at the LGA Conference in Bournemouth on 2nd to 4th July.
For further information, please contact Rachael Sherrey on 0121 295 4030 or by email to firstname.lastname@example.org
Notes to editors
About Oxygen Finance
Oxygen Finance is a specialist provider of payment solutions and insight. Our early payment programmes and public sector spend analysis help public and private sector organisations to drive savings, improve operational effectiveness and deliver against social value objectives. We have offices in the UK and US and work with a range of technology partners. Oxygen Finance is a wholly owned subsidiary of TruFin PLC, a specialist fintech and lending business.
Intrum is the industry-leading provider of Credit Management Services with a presence in 24 markets in Europe. Intrum helps companies prosper by offering solutions designed to improve cash flows and long-term profitability and by caring for their customers. To ensure that individuals and companies get the support they need to become free from debt is an important part of the company’s mission.
Intrum has more than 9,000 dedicated professionals who serve around 80,000 companies across Europe. In 2018, revenues amounted to SEK 13.4 billion. Intrum is headquartered in Stockholm, Sweden and the Intrum share is listed on the Nasdaq Stockholm exchange.
For further information, please visit https://www.intrum.co.uk/business-solutions/services/public-sector-collections/