Increase collection rates
Activate new collection streams to replace or supplement internal teams
Implement world-class, first-party or third-party collection services that accelerate customer contact, repayment, and transaction processing.
Collections T.A.P.™ Suite to streamline your processes.
A full range of interaction channels to ensure that you reach your customers.
Early stage to secondary placement collections that enable seamless transactions each time.
Payment solutions, skip tracing, and legal notices, offering a comprehensive range of services.
Debt collection in the wake of Covid-19
The world has faced significant financial disruption as a result of the global closures and lockdowns. So, businesses must consider smarter, more intelligent tools for reaching those in default. Read the white paper to understand how the landscape has changed, and how advanced, predictive tools and payment models are increasing collection success rates.
Intelligent solutions in action
Predictive analytics increased conversions for a financial services company
The client identified a need for more intelligent source data to better gauge channel efficiency and identify the right set of accounts to be referred to third-party collections. So, a predictive model was implemented, and it significantly impacted their results. Collections increased by 6%, customer contacts increased by 1.3%, and the cost-per-collection was reduced by nearly 3%.
Overdue balance collections (ODBC) for a multinational banking and financial services company
For three consecutive months, the company’s ODBC rate remained at 12%, leaving room for improvement. So, CRM access was provided, and a dedicated ODBC team was established and an incentive system was introduced to boost agent performance. As a result, ODBC collections increased from 12% to nearly 19%.
AI-powered propensity-to-pay solution for retail brand
A US-based retail brand wanted to improve liquidation and collections rates for their bank-issued credit card. So, they used AI and machine learning to determine a customer’s payment propensity based on the age of their debt. As a result, the liquidation rate increased by 13% and collections increased by 30%.