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What are the most effective tools for "collection and recovery"?

Collections Collections Management Internal Audit Credit Risk
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Question added by Mohammad Feroz Al Azad , Head of ORM, And Head of ICC (Internal Control & Compliance , Brac Bank Limited
Date Posted: 2013/07/02
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Reham Elhamy Allam
by Reham Elhamy Allam , Customer Relationship Manager , DarGlobal Development

 Negotiation 

 

Deleted user
by Deleted user

Continuous follow up, pressurising the guarantor, hitting the weaknesses, writing to the employer ( if any ) in case the dues have become chronic in nature.

Muhammad Awais Ali
by Muhammad Awais Ali , Performance Manager , Gladstone Wiz Ltd

  1. Reports which support your collection strategy
  2. Collection Performance managment system
  3. Control Dashboard
  4. Customer performance/rating tools
  5. Objectives and KPIS of receivables team
  • Which are aligned with your collection strategy 
  • Which drive performance
  • Which manages risk

 

 

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