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| What's changed for C&R?
In one sense, the economy hasn't changed anything for Collections & Recovery professionals. By nature of their goals – collect more, with less operating costs, and retain good customers – it's always demanding work. But what has changed are the portfolio mix, internal budgets and economy outside their institutions. Advanced technology that's easy to use Debt collection is always challenging, but it becomes even more difficult during an economic downturn. As loan default rate rise, so does a bank's exposure to risk. The FICO® Debt Manager solution redefines collections and recovery with industry-leading adaptive control capabilities and a modern architecture designed to meet today's increasing demands to increase productivity and raise the effectiveness of collection and recovery operations. FICO™ focused on three areas to improve collections and recovery results : • Increasing Productivity • Increasing Effectiveness • Increasing Responsiveness Learn more about FICO Debt Manager solution |