According to the national credit regulator’s Credit Bureau Report, out of 24.31 million credit-active consumers in the last quarter of 2016, 9.76 million consumers had delinquent accounts in South Africa. That equates to two-fifths of all credit-active consumers.
With this frightening statistic, how does your collections operation ensure they are paid? And your payments prioritised by debtors? Data analytics offers the solution to optimise your collections strategy and improve your recovery yields.
In this guide, we discuss how advanced data analytics can be applied to the four areas of Strategy, People, Process and Technology to improve collections and how it will impact your yields.
Fill in the adjacent form to download the Guide to learn more about utilising data science to optimise collection yields in your business.