Coventry City Council latest to sign up to Trustfolio Creditor Debt Solutions Platform
15 February 2024
Trustfolio have named Coventry City Council as the latest Local Authority to sign up to its Creditor Debt Solutions Platform, with a go live date set for 14 February 2024. The Platform, launched in 2022, developed by a collective of experts from across the credit, collections, advice and insolvency sectors, uses the latest fintech to enable simple, secure and flexible administration of debt solutions.
The first-of-its-kind digital tool provides creditor teams in organisations from Local Authorities to financial services firms with a single view of debt portfolios, allowing them to automate many of their manual processes without compromising on quality or compliance. It also enables seamless digital communication and engagement with Insolvency Practitioners and Debt Management Companies for increased time and cost savings and, ultimately, better outcomes for the consumer-in-debt. Underpinned by the blockchain system of recording information, creditors can be confident in the knowledge that their data is completely safe and secure.
The Creditor Debt Solutions Platform is part of a suite of well-established solutions offered by Trustfolio to support organisations across the whole debt lifecycle from debt solutions providers and debt advisers to regulators and think tanks.
Barrie Strain, Head of Revenues and Benefits at Coventry City Council, said:
"We see Trustfolio’s solution as another way to deliver efficiencies within the authority whilst delivering greater oversight and transparency of an individual’s circumstances. We are committed to supporting individuals experiencing financial difficulties and we see the Trustfolio platform enabling us to do this effectively."