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Collectwise

Maximise Collections With AI: Boost recovery rates and cut costs with Collectwise’s autonomous AI agents.

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Overview

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Collectwise is an advanced AI-powered platform designed to automate consumer debt collection, particularly late-stage recovery. The solution leverages autonomous AI agents to handle the entire debt recovery process, delivering 2X higher liquidation rates and reducing collection costs by 50%. Through intelligent, data-driven strategies, Collectwise ensures each debtor is approached with optimal contact methods, while upholding compliance with all federal and state-specific regulations and maintaining a positive, respectful brand image.

How It Works

  • Conducts comprehensive asset research.
  • Executes pre-legal outreach.
  • Manages litigation processes.
  • Facilitates credit reporting.
  • Initiates enforcement actions, such as garnishments and liens.
Collectwise’s data-driven AI system selects the most effective contact methods and channels, ensuring efficient, respectful, and compliant recovery interactions throughout the entire debt collection journey.

Use Cases

Late-Stage Debt Recovery
Effectively recover consumer debts that have not been resolved through initial voluntary communications, ensuring efficient outcomes.
Automated Collection Processes
Leverage AI to automate the entire debt recovery journey, from asset research through enforcement actions, boosting efficiency.
Cost Reduction in Collections
Minimise operational costs with AI-driven automation, reducing reliance on costly outsourced agencies or large in-house teams.

Features & Benefits

  • AI-Powered Debt Collection: Utilise autonomous AI agents to boost debt recovery rates and reduce operational costs.
  • Increased Recovery Rates: Maximise collection success through intelligent, data-driven strategies.
  • Brand-Friendly Messaging: Ensure all communications are kind, professional, and consistent with your brand values.
  • Positive Brand Image Maintenance: Maintain reputation and encourage future sales through respectful debtor engagement.
  • Decreased Collection Costs: Avoid high contingency fees and enjoy transparent, lower rates with autonomous AI agents.
  • Automated Regulatory Compliance: Automatically adheres to federal and state-specific debt collection regulations.
  • Highest Success Rate: Proven strategies and intelligent AI deliver superior collection outcomes.
  • Efficient Cost Reduction: Leverage automation for highly efficient collection processes with minimized expenses.

Target Audience

  • Creditors seeking to recover outstanding consumer debts.
  • Organisations within the Financial Services industry.
  • Businesses looking to automate and optimise their debt collection processes.
  • Companies aiming to reduce collection costs and improve liquidation rates.

Pricing

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