We were set up in 2015 following an open procurement for a Debt Market Integrator (DMI) that would “establish a government debt management function that is consistent with best practice, departmental strategic objectives and government priorities, and is effective, efficient and fair in its delivery”. This would be achieved through the following:
1. Establish an ‘end-to-end’ approach to managing debt owed to government
2. Develop a robust understanding of government debt
3. Drive greater use of data and analytics, to maximise the effectiveness of debt management
4. Use examples of best practice to develop standards and guidance to drive excellence across government.
The National Audit Office recently estimated that debt owed to government exceeds £13.6 billion*, originating from many sources including benefits and tax credit overpayments, Council Tax arrears, rent arrears to local authorities as well as debts resulting from fines and loans. It is our job to help the public sector prevent and recover as much of this debt as possible.
As Indesser are the single point of access for the public sector to use private sector specialists, we can apply learnings across all our clients in order to optimise processes, further improving their efficiency and achieving better and fairer outcomes.
Since our set-up we have achieved the following:
- Engaged with 11 government organisations responsible for 90% of government debt
- Taken 7.2 million accounts under management, with a total debt value of more than £6.3 billion
- Delivered our data, analytics and services to over 7,000 users
- Collected over £1 billion of debt, with a portfolio uplift ranging between 17% and 40%
The DMI Framework Agreement:
The DMI Framework Agreement provides public sector organisations - including government departments, local authorities and NHS Trusts - with a single route to access the best available private sector data and capabilities. Products and services can be ‘called off’ without the need for lengthy and expensive procurement processes. Furthermore, prices are based on the processing we perform across all of our clients, not just each individual client. This approach leverages collective government buying power, drives down the costs and is open and transparent to all.
*Source: National Auidt Office, "Tackling Problem Debt", September 2018