Risk Scoring

The concept of risk scoring is well established within many organisations, however it has become apparent recently that its use within the collection and recovery cycle can be expanded with great success. We have worked with a number of clients on risk scoring projects, ranging from relatively simple but effective point scoring, to full blown behavioural scoring. The advantages of being able to prioritise work, identify the correct strength of message to deliver and adopt the most cost effective strategies, become clear very quickly. They include reductions in; direct costs, provisions and write-off to bad debt. No longer do collection and recovery strategies need to be driven by well intentioned but unproven best guesses.