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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?
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...