The Best Communication Channels to Boost Debt Collections

Jeffery

May 12, 2021

Communication Channels to Boost Debt Collections

Traditional call centers have become outdated. Organizations have realized that such centers involve debt collection practices prone to human error and are outright inefficient. The debtors you chase would consider your collection team to be disrespectful and intrusive. Similarly, most creditors experience difficulty approaching debtors through phone calls. 

In fact, debtors fail to cooperate and only increase frustration. However, there is no need to worry as new practices have emerged. These practices cut down debt collection costs, improve customer satisfaction, and enhance collection results. The new approach is centered on multichannel digital communications. But, it is actually an omnichannel approach that reigns supreme. It has a significant impact on the success of your collection efforts. 

Omnichannel helps reduce the cost of customer interactions and enhances the overall customer experience. It involves using debt collection software that offers the best results using the best communication channels, as mentioned below.  

1. SMS / Mobile Apps

The truth is that mobile technology has come a long way. It has only become more popular across the globe. The introduction of smartphones has revolutionized how we interact and communicate with one another. People today mostly communicate using, social media, apps, AI SMS, and Whatsapp. Studies show that the average individual spends about 90 minutes daily on their smartphone. This is why it makes perfect sense to turn to mobile apps to communicate with debtors. 

Old-fashioned notions such as telephone calls and landlines will only go so far. You cannot count on them to help you achieve success. With the best debt recovery software, you should have no trouble sending SMS automatically. The mobile solution will provide your collections department with access to the best method of communication.

2. Email

Another appropriate communication channel that helps boost collection results is email. There are over 3.9 billion active email users across the globe. With about 60 percent of email openings being done on mobile devices, you need to utilize email for communicating with customers. The organizations that hope to improve their collections results will find email to be the perfect option. You can use the best debt recovery software to utilize a centralized system for executing the digital communication strategy. It will ensure that you have no trouble sending important emails with just a click of a button.

3. Web Portal

Finally, your organization allows needs a web portal. Although having debt collection software is necessary, you cannot afford to overlook the importance of having an online platform that customers can use to access their information in real-time. You will be shocked to know just how amazing the web portal can be. Since customers today prefer not to engage with real people, it makes sense to create a self-serve collections web portal for your clients. It should enable them to settle their dues.  

Conclusion

Digital communication channels are the future. By taking advantage of the abovementioned communication channels, you should have no trouble taking your business to the next level. 

Does text messaging work for debt collections?2021-08-01T17:13:12-04:00

There’s no denying that text messaging is a powerful tool for debt collectors. It works as an added layer of security to make sure you’re getting your money, and it can even be used in conjunction with phone calls or email messages when the debtor doesn’t respond!

Suppose someone owes me money. I always like to have more than one point of contact at all times. Text messages are especially great because they don’t require any real commitment on behalf of my debtor; just reading the message requires their attention, so there’s less chance we will get ignored if our other methods aren’t working too well either–it really does work wonders!

How to create Press-1 campaign2021-05-31T22:42:53-04:00

At NOLA AUTOMATION, we know you are busy and time is valuable. We appreciate your time, so thank you for not making us wait on hold to speak with a representative… we digress 🙂

  • Type Multiple
  • Broadcast Type – Voice
  • Voice Type – Mp3 or Text to Speech
  • Select transfer Number, then continue
Do I need Omni Freight Broker Software CRM?2021-06-14T19:48:05-04:00

Answer: The short answer is YES; if you intend on being effective, you will require some program to manage your freight brokerage organization. Many people who succeed at their freight brokerage recognize extremely early the worth of having an easy-to-use system for effectively handling their client’s freight, invoicing customers, and paying providers. In 2021 you should check out more a streamlined omnichannel solution that also offers phone, email, SMS, ringless, video, interactive IVR, and more to help automate your brokerage business; To learn more on how NOLA can help you with your freight brokerage firm reach out to us. 

What is a softphone? How does it work?2021-05-23T12:43:29-04:00

Sip softphone; What is a softphone? How does it work? SIP Phone uses the Open Standard “SIP” to set up and manage phone calls. IP-based network or “RTP . “

So, What is a softphone?

A Softphone is a software-based application that is typically readily available as an application on your smart device or COMPUTER. It is primarily utilized as the primary phone or an expansion of a desk phone.

Softphones have actually ended up being an extra prominent service to remote employees as it gets rid of the requirement to bring a physical phone with you when you function offsite. It is likewise a much more hassle-free and effective option to link onsite and offsite employees.

Exactly how Does a Softphone Work?

There are 2 primary types of softphones: Desktop softphones and also mobile softphones.

Desktop computer softphones enable individuals to accessibility UC includes right from their computer systems without a desk phone. Just download and install a devoted application from your computer system; attributes like conversations, aesthetic voicemail, file sharing, and extra will certainly be readily available to you.

What is Collection Technology?2021-05-16T23:02:39-04:00

NOLA AUTOMATION specializes in collection technology; we originally built NOLA for the debt collection and legal collection industry. Now we expend our software & services for all sectors & businesses all over the world. Business to People to Business

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