@Syn_Sol

Synectics Solutions

Synectics Solutions

Synectics Solutions Ltd, Synectics House, The Brampton Newcastle-under-Lyme, Staffordshire, ST5 0QY

+44 (0) 333 234 3409 info@synectics-solutions.com

synectics-solutions.com

Synectics Solutions – Utilities Services

DEFEND YOUR COMPANY AGAINST FRAUDULENTLY CLAIMED DISCOUNT TARIFFS OR VOID ACCOUNTSHARNESS THE POWER OF SYNECTICS SOLUTIONS DATA MARKETPLACE

With Synectics data analysis expertise and unique access to the NFI’s vast, collaborative public sector database, your decision making will be far more accurate when making assessments on discounted tariffs or void accounts.

We will work with you to analyse your data and put in place a cost effective data matching process, that leverages the NFI intelligence.

Delivering a highly effective method to substantially reduce the amount of fraudulent discounted tariffs or incorrectly voided accounts that are impacting your business.

Find out more about how we saved over 3 Million for utility companies by reading our case study...

synectics-solutions.com/our-thinking/

SOME OF THE PRIVATE SECTOR COMPANIES WE WORK WITH ARE SEEING A SIZEABLE 45% UPLIFT IN FRAUD IDENTIFICATION WHEN USING NFI DATA IN OUR FULLY INTEGRATED FRAUD SOLUTION, SIRA

As the UK’s leading data collaboration and fraud detection software provider, Synectics Solutions support a range of industries across the UK and internationally. For over 28 years, we’ve been successfully delivering some of the most effective fraud prevention solutions throughout the world, helping organisations of all sizes to harness the power of data.

The systems we build and host create more profitable customer relationships, reduce risk, combat financial crime and enable our clients to meet their compliance and regulatory commitments.

THE POWER OF COLLABORATIVE DATA

REDUCE FRAUDULENT DISCOUNT TARIFF CLAIMS OR INCORRECTLY VOIDED ACCOUNTS AND STAY AHEAD OF CHANGE

A SURPRISING NUMBER OF SOCIAL-TARIFF CUSTOMERS ACROSS ALL UTILITY PROVIDERS WON’T BE ENTITLED TO THE DISCOUNTED TARIFF THAT THEY ARE RECEIVING. MANY OF THESE DISCOUNTS WILL HAVE BEEN FRAUDULENTLY OBTAINED OR ARE NO LONGER APPLICABLE. THIS COSTS UTILITY PROVIDERS MILLIONS OF POUNDS IN LOST REVENUE.

In addition thousands of accounts that have been fraudulently or incorrectly voided also has a significant impact on lost revenue.

Does your fraud and error prevention process only include in-house or Credit Reference Agency (CRA) data matching?

Did you know that CRA data matching alone won’t provide the essential criteria you need to verify a genuine entitlement to a discounted tariff or voided account?

Through Synectics Solutions data analysis platform and the National Fraud Initiative intelligence database we can provide the qualifying criteria to enhance your CRA checks and give you the ability to confidently confirm a genuine discounted tariff claim.

The NFI is a huge UK data source uniquely available through Synectics Solutions that matches a staggering amount of public and private sector data, the National Fraud Initiative (NFI) will help your organisation to fight financial crime.

Established in 1996 by the UK Government’s Cabinet Office, the NFI provides an invaluable database of up-to-date insights. And offers over 23 different datasets against which to match for the purposes of fraud prevention, creating a much clearer customer-data landscape.

We’ve been working with the UK Government for over 20 years, and thanks to the partnership Synectics has developed, we can enable access to the NFI’s extensive database to help you quickly detect fraud and error.

Fraud is frequently missed because a customer’s claim cannot be accurately verified through CRA matching alone.”

Know your organisation is observing its social obligations without the risk of these responsibilities making you vulnerable.

IN JUST THREE MONTHS, SYNECTICS HELPED FOUR UTILITY COMPANIES TO SAVE OVER £3 MILLION BY IDENTIFYING THOUSANDS OF FRAUDULENTLY OBTAINED DISCOUNTED TARIFFS

“Synectics found over 74% of void accounts referred for investigation from just one utility company were fraudulent.”

Expose ineligible social accounts and save your company millions in lost revenue.

Establish continued eligibility for social tariffs and zero-rated accounts with ongoing screening.

Safeguard your company by cutting the number of costly fraudulent cases.

OUR DATA ANALYSIS EXPERTISE AND ACCESS TO NFI INTELLIGENCE WILL HELP YOU:

EMPOWER YOUR UTILITY SERVICE WITH NATIONAL FRAUD INITIATIVE INTELLIGENCE AND PREVENT MILLIONS IN LOSSES

Know that social tariffs and zero-rated accounts are only being given to those who are genuinely entitled to them.

THE NATIONAL FRAUD INITIATIVE HAS HELPED OVER 1200 PUBLIC SECTOR ORGANISATIONS TO IDENTIFY OVER £17 BILLION IN SAVINGS – AND HAS FOUND OVER £1.69 BILLION IN FRAUD, OVERPAYMENTS AND ERROR

CONFIRM GENUINE DISCOUNT CLAIMS

PREVENT & DETECT FRAUD

STAY AHEAD OF CHANGES IN CUSTOMER CIRCUMSTANCES

MEET YOUR SOCIAL RESPONSIBILITIES

INCREASE COMPANY REVENUE