As collections is the area that have a great influence on cashflow, and resources are always limited especially now, using our solution to predict the succes rate and using the available resources optimally is key for success. The solution consists in one ore more collection scorecards that accurately predicts future collections and each customer propensity to pay, implemented into a custom decision model that automatically runs daily for all customers entering collections or rolling into the next bucket. Our software is built to process large volumes of data (millions of records monthly) in a very short timeframe (less than 30 minutes daily), which will set the collection software with the right decisions every time.
You can use this solution to make decisions about:
- collection timeline
- resources to use
- actions to make