Data analytics is a core disruptor in our industry. Until recently, debt collection agencies would target high-balance targets 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. Predictive analytics has significantly shifted that focus.
At TSI, we are leading that shift. With our proprietary tool, 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 into our Next-Gen Debt Collection Platform, our clients have realized a 22% average increase in their recoveries.
CollectX is a proprietary, cutting-edge predictive analytics model that focuses debt collection efforts on accounts that have the highest statistical probability of liquidating to provide revenue faster at a lower overall cost. We utilize state-of-the-art SAS technology, statistical techniques and our exceptionally unique data set to dynamically update the account scores on a daily basis, based on new data. These scores are used to rank accounts for collectability.
By scoring accounts and segmenting portfolios with CollectX, we create custom and comprehensive debt recovery strategies that maximize contacts and liquidations across your entire debt portfolio.
CollectX can also provide a thorough analysis to help bolster the accuracy of your forecasting capabilities.
You will realize higher recoveries in less time, and at a lower cost than what you’re currently paying. By leveraging the powerful combination of our Next-Gen Debt Collection Platform with CollectX, the result is certain: increased cash flow.
the number of data sets CollectX’s dynamic learning engine draws from
the average liquidity rate improvement since implementation
CollectX’s Kolmogorov-Smirnov test score