Accurate Data – The ability to quickly aggregate and integrate data from a wide range of external and internal sources is critical to maximizing profit. To effectively stay on top of customers’ credit profiles, collections must have access to real-time data from the three credit bureaus and beyond.
Increased Visibility – One of the biggest challenges within collections is how to efficiently manage the mountain of information from different data sources on customers. With robust software that easily incorporates and analyzes data based on your business policies and parameters, collections departments can get a real-time, complete profile of their customers and can react to changes in their credit profile as needed.
Flexibility – The saying “the only constant is change,” is particularly true in business. As policies change, collection departments benefit from flexibility built into the software; allowing them to make changes in the parameters of the models – without the time and expense of hard coding.
Key Magnum Benefits
Through Magnum’s analytic software, collections departments can realize increased efficiency and effectiveness resulting in higher ROI. Through system optimization, Magnum’s software can help:
- Integrate different types of data – from credit reports to collection notes – seamlessly deliver the account details collections agents need to their desktop, increasing visibility
- Effectively predict and identify problems like potential bankruptcies
- Structure collections tasks based on corporate goals and best practices
- Print out reports to check progress of collections initiatives; analyze data to compare effectiveness of strategies
- Facilitate consistency within processes and continuity in cases of policy changes and employee turnover
- Provide an audit trail for compliance mandates
Through Magnum’s integration capabilities, collections departments can align corporate goals with those of their collection departments, fine tuning systems and increasing collections and the bottom line.
Magnum’s software is:
- Recognized as some of the most dependable in its class, requiring minimal service and assuring no downtime
- Some of the most flexible analytic software available, so you can create tailored scoring attributes without hard coding
- Robust, so agents get the information they need in seconds
- Easy to implement
MAGNUM PRODUCTS:
CreditFlow, Workflow Management
CREDICHECK, Data Acquisition
RapUP, Data Analytics
StrategyOne, Decision Engine
Dante, Scorecard Development
Magnum Test Facility, Test/Simulation Tool