Optimizing your collections
With a maximized approach to collections, you can see an uplift in performance of 5% to 30% in Key Performance Indicators against traditional techniques. Here are some suggestions for optimizing your strategies:
- Consider every combination of actions.
- Understand the tradeoffs between the different actions, which are forced by constraints.
- Choose the best set of actions to fit within the constraints.
Maximize your collections efforts by knowing your customers better, segmenting and targeting your approach more effectively, and automating as much as possible. Learn more in our white paper Collections Optimization.