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FICO® Placement Optimizer helps credit grantors leverage analytics to match each account to the optimal collections placement strategy. It removes the traditional random allocation of accounts to collections suppliers, and instead applies advanced analytics to optimize placement strategies. The result is placements with the best agencies, driving a 3% to 11% performance uplift while enabling you to maintain control of your placement strategy.
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 optimizing the placement strategy of accounts with collection agencies, attorneys and other collections suppliers. This analytic application drives increased returns in a controlled manner while providing greater visibility.
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.
We want to help you future proof the next step in your organization’s journey by sharing the lessons FICO experts have learned about building resiliency during tumultuous times. Register below to gain access to our virtual event series.
From April 20 through May 28, FICO will host a series of live webinars sharing best practices and strategies for resiliency in your organization. The topics fall within six tracks including adaptability, digital customer engagement, risk management, operational efficiency, building trust and protecting customers.
Learn how a leading Pay-TV provider gained immediate lift in collections and fast ROI using FICO® PlacementsPlus® service.
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...
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...
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...
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...