Veda Commercial Credit Analysis
Veda Commercial Consulting
A lot of time can be dedicated to recovering debts that will never be repaid, taking time away from focusing on accounts more likely to pay.
Through the use of bureau profiles and debtor information, Veda DRS drastically improves the efficiency of collections by ranking accounts and prioritising small business and sole trader accounts that are more likely to repay. This allows creditors to focus debt recovery initiatives on more responsive customers.
Veda's internal analysis on a data sample of 120,000 late arrears accounts revealed:
Due to its reliable and trusted high predictability rate, Veda's DRS is successfully utilised by small business debt recovery teams to prioritise resources and manage debt recovery expectations within organisations.
DRS can analyse your customers' previous arrears and delinquent accounts to reveal the most efficient debt collection activities.