Keep all stakeholders up to date with the latest information
The Creditor Portal is a secure hub enabling registered IPS users to publish case information that can be accessed by estate stakeholders, including creditors, employees, lenders and government departments.
Creditors require a great number of documents throughout the life of a case. By moving your documents to the portal you can ensure creditors are notified quickly and easily when information is available for download. This provides instant cost savings, obvious time efficiencies as well as an audit-friendly trail.
Key benefits of Creditor Portal
The Insolvency Rules 2016 changed the process for decision making with physical creditor meetings being replaced by decision procedures such as simple voting and virtual meetings. Here’s how the Creditor Portal can help your business make sense of the changes.
Engage stakeholders quickly and easily in the insolvency process
When creditors upload a claim your team are instantly notified and can upload this data to IPS
Claim data is only entered once to ensure there is no duplication of information or effort
Add value to your brand
Brand the Portal with your business logo
Allow creditors to vote on decisions and submit claims online. If you hold a virtual meeting the Portal allows creditors to vote on resolutions being decided at the meeting
Streamlined end to end process
Creditors can conduct various activities without interacting with your firm, reducing the volume of communications received and manual processing
Make claims tracking easy by attaching supporting evidence. A valuable feature when new team members are required to pick up a case
Approval of information
Have full control over what information is updated within IPS with the ability to accept or reject changes made by creditors and debtors