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How Big Data Can Fill in the Gaps

How Big Data Can Fill in the Gaps

Success in every kind of endeavor — including debt collection, locating an individual, or carrying out investigations — comes down to how quickly you can uncover the truth. This is why corporations and investigators rely on big data to detect fraud, verify identities,...
Using Big Data to Increase Collections Efforts

Using Big Data to Increase Collections Efforts

If you have a collection agency, you know that it is among the most costly financial services to run. Paying employees, purchasing software, and data acquisition charges can be too much to handle for most collection agencies. Therefore, it is time to find ways of...
Using Data to Increase Right-Party Contact Rates

Using Data to Increase Right-Party Contact Rates

“Right-party contact” refers to the ability to reach the right person with the message you have or take action against the appropriate individual and/or property. High right-party contact rates are essential throughout several industries, including debt...
Five Ways to Improve Debt Collections

Five Ways to Improve Debt Collections

Debt recovery is a serious concern among debt collectors and companies. In addition to the laws and restrictions on debt collections, many collectors lack the right processes and tools to manage accounts and minimize Days Sales Outstanding. This article will highlight...
Developing an Effective Debt Recovery Strategy

Developing an Effective Debt Recovery Strategy

Debt recovery poses a challenge to various organizations. When debtors take too long to pay what they owe, the organization or company can easily run into revenue issues. Therefore, there is a need for companies to develop effective debt collection strategies. When...