Post by account_disabled on Mar 9, 2024 2:52:56 GMT -5
To avoid these problems companies processes and thus have fewer delinquent clients. Companies have had to increase communication channels with customers in order to offer products designed according to their needs. The management of collection processes became a fundamental topic to measure the profitability of the activities of the portfolio departments and find more profitable strategies for each customer segment. You may also be interested in What is Financial Intelligence Companies have had to improve all collection techniques such as the standardization automation and measurement of the performance of your processes. Also they have improved the way in which responsibilities for portfolio recovery are established.
Now the aim is for portfolio executives to be more Financial Advisors rather than just collectors. Collection Techniques Based on the study by the Job Function Email List Deloitte firm we want to propose 7 ways to have a healthy portfolio with good results for your organization. 7 Collection Techniques that will make your Businesss portfolio recovery more effective 1 Redefine Customer segments very well So that clients do not wonder how to know if I am on the list of defaulters or do not want to belong to them companies are helping them by modernizing their collections departments very well. Traditionally the segments in collection techniques were defined based on the time of delinquency and the number of overdue payments. These criteria were not having good results so these segments.
Were redesigned and today they must be based on the account management cost and probability of payment. and companies must respond to this with good strategies such as debt restructuring credit line reductions intensification of communication with the client. These have allowed companies to prevent their best clients from being part of the overdue portfolio. 2 Establish new Communication Channels with Customers With the new technological revolution it allows us to have new means of communication that make the way of recovering portfolio more effective.
Now the aim is for portfolio executives to be more Financial Advisors rather than just collectors. Collection Techniques Based on the study by the Job Function Email List Deloitte firm we want to propose 7 ways to have a healthy portfolio with good results for your organization. 7 Collection Techniques that will make your Businesss portfolio recovery more effective 1 Redefine Customer segments very well So that clients do not wonder how to know if I am on the list of defaulters or do not want to belong to them companies are helping them by modernizing their collections departments very well. Traditionally the segments in collection techniques were defined based on the time of delinquency and the number of overdue payments. These criteria were not having good results so these segments.
Were redesigned and today they must be based on the account management cost and probability of payment. and companies must respond to this with good strategies such as debt restructuring credit line reductions intensification of communication with the client. These have allowed companies to prevent their best clients from being part of the overdue portfolio. 2 Establish new Communication Channels with Customers With the new technological revolution it allows us to have new means of communication that make the way of recovering portfolio more effective.
