FICO® Placement Optimizer

FICO® Placement Optimizer

Increase collection revenue with smart account placement.

Product Details

Let’s set the scene.

You’ve improved your account placements a bit by spending more time in this area, but your boss is still looking to recover more. You’re seeing minor increases, but they’re inconsistent and frankly, you’re not always sure what to attribute this to.

You’re facing the age-old question: what have you done for me lately?  So what do you do?

You take it up a notch by leveraging analytics to push your recovery another 3% to 11% on an ongoing basis.  

FICO® Placement Optimizer helps credit grantors leverage analytics to match each account to the optimal placement strategy. By applying advanced analytics to optimize strategies across the entire credit lifecycle – from marketing, to credit risk, to early-stage collections – you reduce the effects of random placements, using a proven approach for maximizing netback.

You maintain control of your placements and agencies through the deployment of a documented allocation process and a support-based engagement model. And that’s not all.

FICO<sup>®</sup> Placement Optimizer

 

Strategic analysis defines placement strategy
Advanced analytics assigns charged-off accounts to a collection agency, attorney or placement channel that maximizes collection on specific account types.

Match the right account to the right placement strategy
Placement Optimizer uses a combination of predictive analytics and mathematical optimization, developed over years of experience, to produce placement decisions for each account.

Credit grantors maintain complete control
Maintain control through the deployment of a documented allocation process and a support–based engagement model.

Custom predictive models enable performance benchmarking
Analytic tools use data from different sources, including creditor provided account data, collection agency activity data, pre-charge-off history and more to predict collection outcomes.

Placement Optimizer is an analytical service which supports the optimized placement strategy of accounts with collection agencies, attorneys and other placement groups. This analytic application drives increased returns in a controlled manner while providing greater visibility.

  • It leverages advanced analytics to measure and forecast agency performance for specific debt types
  • Recommends placement strategy of accounts in a way that optimally meets business objectives and adheres to policy restrictions
  • Enhanced visibility into the portfolio with Tableau-based dashboards and benchmarking that can be shared with agencies
  • Retain control of placement strategies through a support based engagement model 
Solution Overview

 

‌  Leverages advanced analytics to measure and forecast agency performance for specific debt types.

‌  Recommends placement strategy of accounts in a way that optimally meets business objectives and adheres to policy restrictions.

‌  Enhanced visibility into the portfolio with Tableau-based dashboards and benchmarking that can be shared with agencies.

‌  Retain total control of placement strategies through a support based engagement model.

Case Study

Leading Pay-TV Provider

Learn how a leading Pay-TV provider gained immediate lift in collections and fast ROI using FICO® PlacementsPlus® service.

Resources

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Recover more with smart agency placement Hot Topics Q&A

Most of us familiar with collections understand the need for credit issuers to outsource accounts to third parties that specialize in specific debt types. But few understand how to optimize outcomes once these accounts are placed. Collecti...
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FICO® Placement OptimizerSM Solution

FICO® Placement OptimizerSM Solution leverages custom analytics to identify the collections agency or channel most likely to maximize payment. Using optimized account placement strategies, creditors typically see 3% to 11% increases in rec...
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Rethinking Debt Placement: Four Principles to Drive Compliance

No longer can first-party organizations simply sell or place accounts with a third party without clear account handling visibility. In the US, the Office of the Comptroller of the Currency (OCC) released new guidance, Bulletin 20...
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Drive Better Collection Results with Analytics

It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student l...