Use Machine Learning to provide accurate predictions of yield forecasts.
Use Machine Learning to predict yield forecasts.
Use Prosperity Collections Predictions to dramatically improve Collections yield forecasts and identify and remedy problem areas.
A critical success factor for collection operations is the ability to accurately predict month-end outcomes.
Imagine if you easily could.
Imagine if you could also identify where the areas of concern are, how these will affect month-end yields, and determine what appropriate actions should be taken to improve yields.
What would you do with that information to lift your collection rates and yields?
Use Machine Learning to answer critical questions
Prosperity for Collections Predictions uses historic data and advanced algorithms within a Machine Learning environment to provide Credit Risk professionals and Operations Managers with answers to the following key questions:
How much cash will the business collect for the current month vs. budget?
To achieve budget, what are the key performance metrics targets at the lowest segment level?
Are my collection and recovery targets feasible, challenging or realistic?
How am I tracking against the intra-month and month-end target?
What are the most / least successful portfolios in terms of yield?
What are the problem areas in terms of segment or performance metric that I can action to improve my month-end outcome?
- Graphically plots overall cash / yield / key collections metrics predictions at the beginning of the month against targets
- Graphically plots all key performance metrics against targets
- Key performance metrics are RAG’ed to aid the investigation journey
- Tracks performance of any segment of the collections book
- Updates all projections daily based on new available data
- Pinpoints problem areas where the collection call centre is not meeting targets
- Allows for the input of the collections budget and determines required segment level key performance metric targets
- Runs performance measure on key collections metrics, e.g. Payments, Yield%, Worked%, Paid%, Connect%, RPC%, PRP% and Kept%
- User security profiles to restrict user access
Collections Yield Prediction Benefits
Predict month-end cash and yield
Prosperity delivers accurate monthly performance predictions
Ensure targets are attainable
Prosperity sets and validates operational and performance targets
Detect problem areas early
Prosperity provides early identification of problem areas in the collections environment to improve results