Utilizing Big Data to Drive Even Bigger Debt Collection Results
TSI’s predictive analytics platform, CollectX, delivers the debt recovery boost your accounts receivable need.
The Benefits of Predictive Data Analytics
Data analytics is a core disruptor in our digital age. Until recently, debt collection agencies would target high-balance accounts in the hopes of collecting bigger debts from fewer accounts. What they didn’t realize is that accounts with high balances may not have a high propensity to pay. However, the emerging field of predictive analytics has significantly shifted that focus.
With predictive analytics tools, such as TSI’s CollectX, we can now streamline and tailor recovery strategies at the account level using an ever-growing pool of data points to achieve breakthrough debt recovery results. Since we integrated CollectX, our proprietary analytics tool, into our next-gen debt collection platform, our clients have realized on average a 22% increase in their recoveries.