In the current economic environment, implementing the most effective collection strategies is critical to ensure that your organization meets key business objectives. With risk exposure unstable and the volume of outstanding accounts escalating, it is more important than ever to optimize early- and late-stage collections strategies to maximize recovered dollars.
Optimization provides clear direction for collection strategies from early-to late- stage decisions by segmenting delinquent accounts to determine which accounts to collect, how and when to contact, and how to allocate resources to maximize collectable dollars. Our flexible delivery options allow for easy integration into your existing collections processes with a low cost of ownership. Using optimization, organizations can expect to:
Decision PointSM for collections provides optimized strategies for early to late stage collection decisions based on your organizational constraints and goals. Strategies are created by optimization experts and delivered quickly enabling you to respond to changing market conditions to increase the likelihood of recovery.
Marketswitch Optimization™ is debt collection management software that enables an organization to leverage an advanced mathematical algorithm to determine constraint-based decisions that deliver customized collection strategies to recover more dollars faster, or maximize accounts cured.
Experian’s industry-leading optimization tools for collections will improve internal collection practices by assessing each consumer at the account level to determine the best contact method, time and message to yield the highest possible return.
Experian’s optimization technology enables your organization to quantify the impact of collection decisions on long-term revenue goals while considering the changes in consumer trends. Determining which accounts to apply term modifications versus which accounts to charge off will enable you to quantify the financial impact of all possible outcomes and make analytically derived decisions at the consumer level.
Our patented technology helps you identify the optimal collection treatment based on an individual customer’s risk score and potential value, as well as your total dollars collected and cost containment goals and objectives.
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