Using data analysis to drive recoveries
Some debt recovery firms rely on the skills and experience of their team, others adopt a more automated process based on data analysis. At Flint Bishop, we use both to great effect.
Our in-house team of analysts use data to gain a better understanding of your debtors’ behaviour and performance, empowering us to make more intelligent decisions about the way in which we collect your debts. By using predictive data models to analyse past performance, we can tailor our approach to future recoveries, often segmenting debt or customer types for separate recovery treatment, in order to optimise contact strategies and overall collection results.
Data-rich insights can also assist with collections forecasting to enhance performance and increase your recoveries in the most cost-effective way, helping you to maximise the return on every pound spent with us for debt recovery.
For clients with bulk debt portfolios, we can provide you with a deeper, more nuanced understanding of your debt performance through bespoke MI reporting packs, helping to identify any trends, assist with your financial forecasting, and drive improved ROI.