Connect with us

Hi, what are you looking for?

Datanamix News

Collections 360: End-to-End Solution for the debt collection industry

Show the importance and value of the Collections 360 Dashboard from Datanamix.
Collection 360 Dashboard for Debt Collectors.

As a Debt collector, Collections 360 is a must, this is because you require an immense amount of information to ensure you find the right consumer. And obtain an accurate affordability assessment, find out the right time to set up a payment date & gauge the consumer’s propensity of the consumer to pay.

This can be difficult if you are left with outdated information. It can also be extremely time-consuming and unreliable to contact a consumer and ask them to verify their or someone else’s details. 

A fast, secure, and reliable way to get the most accurate information on a consumer is with the Collections 360 Dashboard. The best part? It is easy to find the correct consumer linked with the most recent contact information in real time.

Getting accurate information is essential for debt collectors. Contacting the wrong person or using outdated information can result in wasted time, increased costs, and may lead to even poor performance on a debtor’s book.

Ready to learn more? Let’s get right into it:

So, what exactly is Collections 360?

Collections 360 is a seamless Dashboard that contains the most important information required by a debt collector or recovery agent to secure a Promise To Pay (PTP) with a consumer.

The information that you gain access to from the Dashboard will answer a Debt collector’s most-asked questions, which include:

  • What is the best number to make contact with the consumer?
  • How much can the consumer afford to repay at this point?
  • When is the best time in a month to negotiate a debit order date with the consumer or when does the consumer make most of their payments in a month?
  • Does the consumer prioritize payments on the type of debt that I am collecting on? 
  • What is the consumer’s propensity to pay per debt type?

What are the benefits of this dashboard?

With Collections 360 there is no need to struggle and wonder if you have found the correct person. As a Debt collector, you will be able to get the right information the first time around, making your life that much easier.

The dashboard & report that you will receive consists of all the information you would require to secure a PTP & recover monies efficiently. The collections 360 Dashboard provides information in real-time & considers early & late stages of debt when processing the various analytical models. Which are linked to the consumer included within the dashboard, the information will consist of:

  • Identity information
  • Latest contact (cell, work, home & email)
  • Best number to contact
  • Latest addresses (Physical & postal)
  • Employment information
  • Possible repayment amount R
  • Detailed affordability
  • Debt summary & adverse indicators
  • 5 suggested payment dates & percentage of payments made per day
  • Credit active summary per industry
  • Propensity to pay per industry

Although the above information will already assist a lot in getting to the point of PTP we know that there might be instances where it won’t be so easy. If you require more in-depth information the Dashboard includes full data string information tabs that provide the following data:

  • Historical contact &address  information
  • Employment information
  • Credit account statuses & full 24-month payment profile
  • Adverse information
  • Deeds data
  • CIPC
  • Linkage information.

With all of the high-quality information, you can rest assured that you will be able to paint the pathway to a PTP. The Collections 360 Dashboard truly provides everything a Debt collector would need.

You May Also Like

Datanamix News

Terrorist organisations heavily depend on financial resources to support their operations, including recruiting and training members, obtaining weapons, and carrying out attacks.  Money laundering...

Datanamix News

Empower your business with powerful customer management solutions, from staying on top of FICA (Financial Intelligence Centre Act) requirements to building ongoing trust with...

Datanamix News

Are you considering business partnerships in South Africa? Verifying a company’s registration status is vital for ensuring credibility and safeguarding your interests. At Datanamix,...

Datanamix News

Two primary data protection and financial regulation regulations are the Protection of Personal Information Act (POPIA) and the Financial Intelligence Centre Act (FICA). They...

News Watch

The blocking of IDs by the Department of Home Affairs without notice, timeous investigation and appeal processes, has been declared unconstitutional. High Court Judge...

Datanamix News

Transforming Data Management with OCR Managing vast amounts of data efficiently is crucial for businesses that deal with a lot of information and data....

Datanamix News

Directive 8 aims to ensure that companies check the skills and honesty of both potential and current employees. It also requires screening employee details...

Datanamix News

The concept of identity has become a crucial asset in today’s digital world, extending beyond just an individual’s name or identity number. It is...

Datanamix News

It is vital to prioritise due diligence when considering that any delay in the process may result in overlooking important signals and red flags...

News Watch

The Financial Sector Conduct Authority (FSCA) has fined Ashburton Fund Managers R16 million for failing to comply with certain provisions of the Financial Intelligence...

Copyright © 2023 - Datanamix
Disclaimer: The information in this BLOG is provided for general informational purposes only and is the opinion of the author only. No information contained in this blog should be construed as legal advice from pbVerify or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this blog should act or refrain from acting on the basis of any information included in, or accessible through, this blog without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue.