Collection Agencies

Digitally powered, customer-centric debt collection.

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Reach more consumers with fewer agents using digital, interactive communication
Over 85% of customers are not only using digital communications, including voice, text, email, mobile apps, interactive voice response (IVR), online portals, virtual and human agents, they expect to use their preferred channels with everyone do they business. It’s what they expect when communicating about a delinquent debt. Intelligent, digital communications give collection agencies the ability to connect with more consumers with fewer agents and less cost.
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Whether a customer simply forgot to pay a bill or was chronically delinquent due to financial hardship, we treated them the same. We now analyze customer segmentation data, identify different groups of customers and work out the best ways for handling them.

Ross Betts
Thames Water Utilities Unlimited
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90%
Contacts handled through automation
79%
Contacts resulting in payment or promise
93%
Kept promise rate, up from 5%
6%
Increase in response using omnichannel outreach
Case study

Thames Water

Thames Water reduces bad debt by understanding customers better and tailoring communications
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    Building with circle windows

    From the FICO Blog

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    Successfully Navigating Debt Collection and Recovery for the Next Ten Years

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    Debt Collection and COVID-19: Why a Vision Matters

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    June 30, 2020

    Collections Post-Pandemic: Ramping up Collection Activities

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    Reach more consumers with fewer agents.

    Resolve more debt and deliver a better journey with digitally empowered, interactive communication.
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