Propensity - How Does it Work in Debt Collection Software?

The Game Changer for Digital Debt Collections

Imagine having the power to predict the outcomes of every customer conversation at each stage of their conversation and design personalised journeys for each customer type, delivering the right message and level of agent resource at the right time to better manage all customer conversations, even the vulnerable ones. That is what propensity guidance does.

What is Webio's Propensity Guidance?

Propensity guidance uses the power of AI to predict your customised business outcomes across all digital debt collection conversations. With the power to guide each customer conversation through a range of best next steps dynamically selected in real-time as the conversation flows. The business outcomes could include vulnerability or any outcome that is specific to how your business operates

How Does Propensity in AI Work?

AI predicts your custom business outcomes across all digital collection conversations and dynamically guides each conversation through a range of best next steps selected in real-time as the conversation flows. 
 
Using Natural Language Understanding, incorporating intents, and sentiment analysis, Webio’s propensity guidance interprets customer’s language, response behaviours and previous conversational history to determine how best to manage each interaction to guide conversations to successful outcomes.
 
In essence, every customer conversation can be managed at the level of your absolute best agents.

Summary of what Propensity Guidance Does: 

  • Effectively manage all customers based on their specific circumstances, whatever they may be.

  • Use Natural Language Understanding to interpret customer’s language, response behaviours and previous conversational history to determine how best to manage each interaction

  • Manage highly personalised designed conversations to get the balance right between automation and live agent engagement.

  • Optimising engagement to manage vulnerability

  • Automate customer journeys more and even better than you ever thought possible, simply because you know what the likely conversation outcome is going to be.

  • Allows efficient, low-cost management of the flow and content of unlimited volumes of customer conversations.

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Everything you need to deliver great customer experiences and business outcomes

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METRICS WE’VE ACHIEVED

52%
Uplift in Payment Arrangements
42%
Increase in Agent Productivity
57%
Decrease in Operational Costs
48%
Increase in Customer Engagement

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