FICO® Optimization Solutions for Collections transforms collections and recovery (C&R) effectiveness and customer connectivity by applying powerful, easy-to-use analytic tools to address business objectives, such as optimal resource allocation and roll rate reduction. It leverages sophisticated, patented mathematical techniques that help calculate the optimal actions to take among many choices, given business goals and constraints. Benefits are greatly increased when Collections Optimization is integrated with FICO® Debt Manager solution, FICO® Placements Plus® service and FICO® Customer Communication Services to provide a comprehensive debt management platform.
Balance conflicting profit drivers
Provides benefit across collections
Delivers more than a Strategy
|Helps organizations of all sizes strike a balance between loss reduction, resource challenges and operational constraints to address increasing concerns over maximizing profitability and managing customer satisfaction.||From pre-delinquency and early stage collections through later stage and recovery activities, FICO Optimization Solutions for Collections has shown significant performance improvements can be achieved.||Provides insights based on multiple “what if scenarios” that seek to balance tradeoffs between goals and constraints, such as charge- off losses and resources.|
|CASE STUDY: European Financial Institution gains significant improvements in early collections|
Sample Collections & Recoveries Decision Areas where Optimization can be applied
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