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FICO PlacementsPlus Service gives the credit grantor visibility into the activities of the agencies working their accounts and helps assign debt to maximize collections. Features include configurable daily updates of collection activity, inventory, performance benchmarks and financials, compliance outlines and more.
Given ever-increasing regulations and changing accounting standards, it's more important than ever to know exactly how accounts are being worked once placed with a third party. It's not unusual for PlacementsPlus to deliver up to 20% better results than traditional placement methods. Collections performance is finally being recognized as a source of competitive advantage. Do you know where your accounts are being placed, and how they're being worked once they get there?
Faster recovery
PlacementsPlus assigns debts to your internal recovery group or the most suitable agency or attorney, and supports automatic recall, re-evaluation or replacement.
Less guesswork
With a full reporting suite to analyze and report daily performance, you have full visibility of debt inventory, collection actions, performance benchmarks and financial results for every group you work with.
Optimized placements
By working with the agencies most likely to maximize collections, creditors have seen increases in recovery of up to 20% over traditional approaches.
FICO® PlacementsPlus® Service
Use smart automation and placement to collect and recover more debt. Learn how a US-based pay-TV provider achieved positive ROI in just six months with improved account placements with PlacementsPlus.
Gives managers a single interface with all agencies for placement, management and reporting of receivables.
Provides complete account monitoring and control through recovery lifecycles.
Delivers unprecedented daily insights with standard and configurable reports.
Connects directly with collection vendors for secure communications and data transfers.
Eliminates multiple agency connections and slow delivery of account information.
Increases net recoveries while reducing administrative costs.
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.
Increase netback and reduce administrative costs with the FICO™ PlacementsPlus® service, which streamlines the placement and management of contingency accounts within a single user interface. Using the PlacementsPlus service, credit granto...
For 60 years, FICO has worked with a broad variety of credit issuers building best practices in the recovery of debt. One area of critical importance is the outsourcing of debt to third parties. Worldwide, more than 40% of credit-...
Telecommunications debt collections have continued to evolve in recent years, relying increasingly on external agencies to provide scalability and diversify their collection strategies. Thousands of agencies compete for the attention of te...