Improving Negotiation Effectiveness & Collection Rate through NEQQO

17 Oct

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In this case study, we delve into a comprehensive speech analytics program that identified critical gaps in the client’s collections process, leading to actionable insights and measurable outcomes. The program focused on:

 

     

    • Improving negotiation effectiveness by identifying missed opportunities.
    • Enhancing compliance on crucial aspects such as Mini Miranda and the total amount due.
    • Reducing customer dissatisfaction by addressing the root causes of complaints.
    • Optimizing call efficiency to streamline communication and reduce call duration.

     

      Key Insights

       

      • Collections Compliance
      • Customer Engagement
      • Negotiation Opportunities
      • Call Efficiency

       

      Actionable Recommendations

         

        • Increase Compliance: Address critical compliance gaps in collections.
        • Enhance Agent Training: Empower agents with strategies to identify payment hardships and create urgency.
        • Streamline Communication: Optimize call scripts and reduce silence time.
        • Resolve Customer Complaints: Implement measures to minimize dissatisfaction and improve issue resolution.

         

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