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How can you measure your effectivity in collection?

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Question added by Eduardo Jr Andal , Sales Retail Supervisor , Mac's Convenience Store
Date Posted: 2014/04/07
mohamad al hamwi
by mohamad al hamwi , Senior Collector , Rak Bank

by number of calls , fallw up the payment with delequent customers overdues , customer satisfaction , 

Nazim Khan
by Nazim Khan , Customer Support Associate , J P Morgan Chase

Measure your effectivity in COLECTIONS by points listed below

Number of accounts prevented from rollin over to next bucket

Number of accounts cured

Cusromer satisfaction

Compliance criteria met

Desired quality delivered on all interactions 

There are several tools to measure these to mention few .... WPH, PRM RT, KPT RT, KPH, AMNT COLLECTED PER HOUR, KPT AMNT DUE ETC ETC..... and also Score on call monitorings ........

 

 

There are different ways of measuring effectivity. 

Some quantitive ways would be the number of calls generated per hour, the number of accounts worked, the number of payment agreements taken per hour, the number of taken agreements that are respected, the amount of money collected per hour, etc. 

 

Jho-Anne Bondoc
by Jho-Anne Bondoc , Specialist , METROBANKCARD CORPORATION - A joint venture of Metrobank and ANZ

By having a productivity tool to measure the amount collected and kept promises so that you can assess if your negotiation with the client had materialized.

Veronica Larroza
by Veronica Larroza , Document Controller , Betterhomes LLC

I can measure my effectivity in collection by the number of overdue. Less overdue means I am more efficient on my job. Keen monitoring of the receivables is crucial for the Company. Collections matters on the Cash Flow that's why it is considered as vital for the Company's operations.

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