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What are the key decision drivers of Credit Collections Management and Revenue Recovery?
The key decision drivers of a Credit and Collections Department are:



  • Maximize Collections and Revenue Recovery at the lowest operating costs
    possible

  • Reduce provision for bad debt losses

  • Effective treatment actions on delinquent accounts aggressively, without
    inducing churn

  • Enable efficient and effective Collection processes

  • Minimize Customer dissatisfaction by carefully minimizing wrongful treatment

  • Introduce effective credit culture and credit policies, which are consistent
    with the organizationís overall strategy in terms of growth, cost containment,
    etc.




 FAQ > 
Kollect Application Suite


Top 10 FAQ

- What is the necessity of automating the Credit Collections Management and Revenue Recovery process?

- What is the price of the solutions?

- We deal with multiple financial products. How can we manage our overall risks in exposure of the various different product lines such as credit cards and loans as a Bank?

- Whatís the average time the Collector takes while working on a Customer Account using Kollect Applications Suite?

- What are the challenges of Credit Collections Management and Revenue Recovery?

- What is a Promise to Pay?

- What is Kollect Applications Suite?

- What are the key decision drivers of Credit Collections Management and Revenue Recovery?

- What is the prerequisite of establishing a unique Customer ID?

- What kind of reports does Kollect Applications Suite provide that I can leverage on?

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