Data-Driven Collections Enhancement

Tapping into data insights to improve collection recovery rates and agent efficiency

Goals

  • Boost collection recovery rates.
  • Augment agent effectiveness and productivity.

Goals

  • Boost collection recovery rates.
  • Augment agent effectiveness and productivity.

Strategy

  • Introduced a comprehensive analytics solution to delve deep into agent interactions within voice channels.
  • Rethought our approach to customer engagement and reshuffled our prioritization criteria.
  • Set in motion a fresh collections framework.
  • Armed agents with the tools and insights crucial for meeting their performance benchmarks.

Strategy

  • Introduced a comprehensive analytics solution to delve deep into agent interactions within voice channels.
  • Rethought our approach to customer engagement and reshuffled our prioritization criteria.
  • Set in motion a fresh collections framework.
  • Armed agents with the tools and insights crucial for meeting their performance benchmarks.

Highlights

  • Initiated an automated system to identify the core reason for calls.
  • Crafted tailored offers for specific audience groups, taking into consideration their financial standing.
  • Successful negotiation tactics were shared widely among agents, promoting a culture of collective learning.
  • Adapted and fine-tuned scripts based on proven success stories.
  • Training materials underwent frequent updates, reflecting the latest insights and best practices.
  • Implemented speech analysis to pinpoint and address behavioral shifts that could adversely impact performance metrics or adherence to guidelines.

Highlights

  • Initiated an automated system to identify the core reason for calls.
  • Crafted tailored offers for specific audience groups, taking into consideration their financial standing.
  • Successful negotiation tactics were shared widely among agents, promoting a culture of collective learning.
  • Adapted and fine-tuned scripts based on proven success stories.
  • Training materials underwent frequent updates, reflecting the latest insights and best practices.
  • Implemented speech analysis to pinpoint and address behavioral shifts that could adversely impact performance metrics or adherence to guidelines.

Results

  • Marked a significant 63% increase in the formalized agreement count.
  • Saw a 64% rise in the conversion rate (successful recoveries per call answered).
  • Cut down the fraction of customers reluctant to entertain a proposal by 65%.
  • Uplifted the Service Quality KPI by a notable 5%.
  • Recorded a 56% increase in the adoption of compelling arguments known to resonate with customers.

Results

  • Marked a significant 63% increase in the formalized agreement count.
  • Saw a 64% rise in the conversion rate (successful recoveries per call answered).
  • Cut down the fraction of customers reluctant to entertain a proposal by 65%.
  • Uplifted the Service Quality KPI by a notable 5%.
  • Recorded a 56% increase in the adoption of compelling arguments known to resonate with customers.

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Cases

Payment Data Interchange

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