Benefits of Omnichannel for Debt Collection (Pt. 1)

Benefits of Omnichannel for Debt Collection (Pt. 1)

  • November 25,2024

Let’s look at some ways an omnichannel Collection effort accelerates cash and keeps borrowers current.

Better customer response rates: Customers respond better to empathetic, two-way interactions in messaging channels.

Increased debt recovery: Payment reminders, ease of use and live payments from within a conversation improve collection rates.

Enhanced agent productivity: With a chatbot-enabled approach, each agent can handle 400+ daily conversations.

Increased automation with chatbots: Typically, more than 70% of customer engagement  can be handled by chatbots.

Enables self-service: Customers love the efficiency and convenience of self-service using their mobiles.

At Palmer Telecom, we have great experience helping businesses reduce churn and increase cash.

Let’s have a conversation: (410) 834-1811, info@palmertelecom.com.