With a longer recession recovery period ahead, energy and utility companies must adopt new strategies and customer services to mitigate risk.
Get expert help in managing your customer experience including AR management, collections, tracking, and forecasting. We’ll help you reduce roll rates and improve AR recovery while ensuring quality and compliance.
Learn more about our Two Pronged Approach
Our current economic crisis is quickly proving to be larger than the Great Recession of 2007-09 and may also last considerably longer. Research has revealed an interesting dynamic in consumer payment behaviours during COVID19 times that require Utilities to pivot their Collections programs and take on new approaches. In this episode I will discuss the recommendations made by the Advisory Panel in one study conducted by the UCRC (Utility Customer Research Consortium).
ContactPoint 360’s two-pronged approach to Collections will ensure that Utilities aren’t leaving opportunities on the table. Identifying areas of opportunity in your Collection program will improve attrition rates, build brand loyalty, create pay-back solutions and align your systems and processes to better achieve resilience and flexibility
Due to COVID-19, utility companies are expected to increase outreach programs to customers to manage increased arrearages and bad debt expense. Our unique collection approach combined with deep data segmentation and cutting-edge dialer strategies enable higher recovery rates. Get better forecasting, data collection and tracking with a focus on long term performance.
Traditional collection approaches are heavy on intimidation and light on empathy. This can harm your brand in the long run. At ContactPoint 360, we use a humane and respectful approach that places empathy at its core.
Our speech analytics and voice AI suite allows you to monitor every call. Gain full visibility into 100% of your customer conversations for quality and compliance. With voice AI, you get a more nuanced and segmented view of customers to drive your communications and messaging strategies.
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Join me and our in-house principal consultant to discuss your strategy
ContactPoint 360’s proprietary “soft collections” program is a timely approach that will improve attrition rates, build brand loyalty and create pay-back solutions that will work for both the client and the customer.
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