- Forrester Research, Inc.
Develop a digital collections strategy that addresses a future-state customer experience journey and defines a set of required capabilities and investments across people, process, and technology to support that strategy
Recommend and implement technology solutions that integrate into your existing architecture, including artificial intelligence, machine learning, messaging, chat, email, and virtual agents
Create customer journeys, moments of truth, and contact treatment strategies that deliver the right message at the right time to increase your conversion rates and deepen brand loyalty
Design and implement solutions to support data aggregation and analysis, personalization, customer segmentation, and propensity-to-pay models
Define key performance metrics, processes, rewards, skill competencies, and operating models that drive the desired behavior for your collections group
Our collection and loss mitigation experts designed and documented a transformational omnichannel collections vision and self-funded roadmap focused on people, processes, and technology.
In addition to identifying $13 million in potential annual savings, the strategy and roadmap enabled the bank to accelerate change and realize quick wins.
We helped a bank create an organizational- and regulatory-compliant contact strategy and develop a process and plan that empowers it to allocate the most appropriate resources to specific collections activities.
The bank is in a position to increase agent productivity by 46% and reduce monthly delinquencies by $3.4 million.