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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?
FICO® PlacementsPlus® service gives credit grantors unprecedented visibility and control of accounts placed with agencies, attorneys, debt buyers and internal recovery departments. It streamlines the process, from placement to recall, commissions and reconciling using a single user interface in a secure communications environment.
Now, with new regulations and accounting standards, it's more important than ever exactly how accounts are being worked once placed with a third party.
PlacementsPlus assigns debts to your internal recovery group or the most suitable agency or attorney, and supports automatic recall, re-evaluation or replacement.
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.
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.
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...