Tag Archives: Collections

Collections & Recovery Government Collections Analytics: 3 Ways To Collect More Money

Government Collections Analytics

The business of collecting debt is getting more challenging. The current environment where debtors don’t pick up the phone or answer the mail has made collections even more difficult.  And people who owe you money, likely owe money to many others and you are challenging for your fair share. It used to be if a department had a strong collection system they could collect their fair share. Now, that is just table stakes. The following article from Dataconomy discusses how government collections analytics are needed to truly increase collection performance. In addition, new collection strategies that take advantage of this analytics are needed which enable you to work smarter, not harder in order to collect more money using cost-effective strategies. Government Collections Analytics: Predictive Models – Who will Self-Cure All of us who have worked in the collections industry understand that different strategies work for different customers (“debtors”). Some debtors... [Read More]

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