Debt Buyers
Valuate, collect, place and monitor, one systemCharged-off debt is at an all-time high and headed higher. Debt portfolios are for sale everywhere and liquidation rates are flat at best. Buying right is critical. One bad buy has bankrupted more than one company, but "right" is traditionally difficult to quantify without a PhD on staff and six months lead time.
eCollections meets the unique needs of debt buyers starting with data stratification tools that validate data and segment portfolios more than 20 ways and offer user customization to yield virtually unlimited user options to understand the makeup and value of a prospective portfolio.
Equipped with the #1 analytics engine in the industry, eCollections allows portfolio scoring on several levels including a predictive model for portfolio liquidation and projected cost of collection. Using these tools and some basic calculation a debt can easily add their desired profit margin and determine within minutes the "right" purchase price. Use existing models or create new custom models in hours, not months, to drive better decisions and action.
User defined workflow drives purchased accounts through your collection process. Here the analytics engine again can drive processes based on the probability of collection in the next 30 days and 6 months. Users drag and drop to create the account flows, activities, and treatment strategies. Agent efforts are focused on the most collectible and profitable segments of the portfolio.
Real time performance tracking allows debt buyers to know where any or all of their owned portfolios stand at any given moment, even outsourced accounts. Why wait for reports? Liquidation rates, cost, and expected future values are readily available for forecasting.
Take control of your debt portfolios and know what you’re buying – and pass the bloated, overpriced portfolios on to those less sophisticated.