Axis Bank Ltd.

Axis Bank, India’s third largest private sector bank has inked pact with information services firm Experian in order to enhance its debt management and collections activities. With this initiative, the bank will use Experian's Tallyman software for managing customers in arrears, reduce the cost of collecting debt and increase working capital by reducing debt write-off.

Experian's Debt Collection and Recovery suite has a key component Tallyman, which automates the collections process across the complete lifecycle - from managing high-risk pre-delinquent customers through to debt recovery. The software also separates arrears portfolios into highly specific customer types to enable collections departments to assign the appropriate collections activities sensitive to each individual case.