Post by asadul8555 on Feb 25, 2024 1:05:10 GMT -5
Reducing defaults is a challenge for any business, so it is necessary to know the types of charges and know how to use each tactic, according to the debtor's profile. After all, the purpose of collection is to negotiate the best alternatives for repaying the debt. To do this, it is necessary to know the debtor, understand the best communication channel and also exercise the right to collection in accordance with the Consumer Protection Code. Be aware that when using collection methods incorrectly, the debtor may take legal action against the company, claiming that their rights were violated. How important is a billing rule? It is important for the company that the collection methods are defined, as this will make it easier to collect the debtor. By using the collection rule , the company is able to have an overview of the default rate and, in return, knows which strategies to use to reduce this rate. The tool makes it possible to create, for each client, according to their profile, contract and payment history, different criteria for successful receipt. In other words, it is possible to divide collections into levels and take care of debts according to each profile, that is, there are those debtors who are simply forgotten and, for these, you can use softer collection approaches.
By defining this tactic, collections management can take steps to send reminders to remind the customer of their debt and make payment without further delay. In other words, the collection rule is important, as it helps the financial sector to control receipts , preventing small delays from turning into legal proceedings, as well as assisting in more serious issues Asia Phone Number List making the manager aware of which administrative measures must be taken in case of of debtors resistant to dialogue and those who do not comply with agreements. E-book achieving zero default What are the 7 types of charges? Collection methods may vary according to the profile of the company and the debtor, and it is important to know that the organization can use any of the methods mentioned below, as long as it respects CDC standards. That is, regardless of the method chosen, the company cannot make charges after business hours and cannot create embarrassing situations, such as making charges through social networks.
Having an efficient collection communication network is essential for cash flow and, to this end, it is necessary to carry out a survey of the number of cases of default and the level of debt of each customer. Ideally, the company should use an automated billing system to send reminders and billing notices in bulk, optimizing the work of the financial sector, allowing more complex cases to be handled with more patience and objectivity, reversing debts in receipts. 1. Billing by email It allows for greater elaboration and can be sent automatically. On the other hand, emails may end up in the “Spam” box and, as a result, end up not being viewed. It is advisable to use this means of communication to send messages with the aim of reminding the customer that the debt is close to its due date. For situations with more serious and prolonged debts, it is not recommended to use email as a collection channel, as it is common for there to be no response from the debtor, as well as there is no viewing control.
By defining this tactic, collections management can take steps to send reminders to remind the customer of their debt and make payment without further delay. In other words, the collection rule is important, as it helps the financial sector to control receipts , preventing small delays from turning into legal proceedings, as well as assisting in more serious issues Asia Phone Number List making the manager aware of which administrative measures must be taken in case of of debtors resistant to dialogue and those who do not comply with agreements. E-book achieving zero default What are the 7 types of charges? Collection methods may vary according to the profile of the company and the debtor, and it is important to know that the organization can use any of the methods mentioned below, as long as it respects CDC standards. That is, regardless of the method chosen, the company cannot make charges after business hours and cannot create embarrassing situations, such as making charges through social networks.
Having an efficient collection communication network is essential for cash flow and, to this end, it is necessary to carry out a survey of the number of cases of default and the level of debt of each customer. Ideally, the company should use an automated billing system to send reminders and billing notices in bulk, optimizing the work of the financial sector, allowing more complex cases to be handled with more patience and objectivity, reversing debts in receipts. 1. Billing by email It allows for greater elaboration and can be sent automatically. On the other hand, emails may end up in the “Spam” box and, as a result, end up not being viewed. It is advisable to use this means of communication to send messages with the aim of reminding the customer that the debt is close to its due date. For situations with more serious and prolonged debts, it is not recommended to use email as a collection channel, as it is common for there to be no response from the debtor, as well as there is no viewing control.