Five Ways Technology Can Boost Your Collection Efforts

Losses due to unpaid debts are a normal part of doing business, so they should be budgeted for accordingly – including investing in the technology you need to automate functions and improve collection processes. 


 

While loan origination policies and credit screenings are the first line of defense for avoiding bad loans, the cost of not automating your collection processes will rise right along with your loan portfolio, taking away precious time to focus on growth. You can have a true impact on collection efforts by using technology to automate critical, time-sensitive tasks and provide real-time integration to your account processing system.


 

  • Country
  • United States
  • Solution
  • Credit Union Platforms
  • Industry
  • Credit Unions
  • Published
  • June 2019

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For more information on automating collection processes and other Fiserv solutions, call us at 800-872-7882.

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