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. Flint Bishop use both to great effect.
We use data to make more intelligent decisions about the way in which we collect your debts. Our in-house team of analysts help us to gain a better understanding of your debtor behaviour and performance. Providing rich data insight to assist with collections forecasting and to help drive performance in order to increase your recoveries in the most cost-effective way. Helping to maximise the return of every pound spent with us on debt recovery.
By using predictive data models to analyse past performance, we can then 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.
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.