Reducing Past Dues And Recovering Millions With Modern Technology And Strategic Approach

Reducing Past Dues And Recovering Millions With Modern Technology And Strategic Approach

The recovery approach of a major energy client in the US got a major overhaul with our modern technology & strategic approach. Our ‘Collections with Care’ method resulted in a 6x increase in outbound calls, a 186% increase in automated monthly payments, a combined reduction of $2.8M in past due 30,60, and 90-day buckets, and more. Here is how we did it.

Cash Application Process Optimization With The Right People, Processes, And Technologies

Cash Application Process Optimization With The Right People, Processes, And Technologies

We were tasked with improving cash application processes reducing balance discrepancies, bad debt reversals, and credit balances for major energy clients. We worked our magic with the right people, training, processes, and measurement metrics. We got them a 91.4% reduction in credit balances, a 92% reduction in accounts needing verification for bad debt reversal, and more.

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