Debt Collection made effortless
Securing money owed from your customers is serious business. Instead of wearing out your agents with repetitive repayment calls, voice AI loan collection agents can take care of it all automatically, combining machine efficiency with a human-like touch.
Increase the efficiency of your debt collection process
Virtual voice assistants can automatically call individuals who owe money to remind them of their outstanding debts and discuss payment options. It can help increase the chances of successful collection by ensuring that individuals are reminded of their debts promptly and consistently without requiring manual follow-up efforts.
Hello, this is a payment reminder from XYZ Company. Your payment of $50 is due tomorrow. Please make sure to complete the payment by the due date to avoid any late fees.
Yes, I have not made the payment yet. How can I make it?
Intent: /available_payment_methods
You can pay through our website or mobile app. I can also help you make a payment right now. What payment option would you like to use?
Increase portfolio management efficiency
The use of virtual voice assistants can help to improve recovery and collection efforts and ultimately lead to taking up more portfolios or covering more customers with the same set of human agents. It can help collection agencies take on more debt portfolios without hiring additional employees.
Reduce collection costs
Virtual voice assistants for debt collection can help lower costs and increase the collection speed by automating many processes. This can include making automated follow-up calls, processing payments, and managing data, which can reduce the need for additional staff and improve the efficiency of the debt collection process.
Get more payments with 24/7 coverage
Providing 24/7 support with a virtual voice assistant for debt collection can increase the chances of getting more payments by making it more convenient for customers to pay their debts. This can be done by providing customers with clear and consistent information about their debts and payment options and making it possible for them to make payments at any time of the day.
Why 
?
The setup and installation of the AI-powered virtual voice assistant are entirely free
Save operating expenses and increase your productivity by automating typical procedures
Within a week get your voice AI fully customized to your unique demands and deployed
Get all the benefits with well-designed NLP engine with appropriate human voice interpretation
An enterprise-ready, no-code builder that makes it easier to create AI voice assistants
Our free API integration with any of your services enables business processes to operate correctly
Just six steps to start
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Who likes having to deal with outstanding invoices and collecting debt? For most businesses, it's the least favorite part of the job. But it’s necessary because most businesses depend on the cash flow, unless you're running a non-profit organization. According to research conducted by Urban Institute, 28% of Americans had debt collection...
Think about a time when you needed help with your finances. You called your bank, only to be put on hold for what seemed like an eternity. Frustrated, you hung up and tried again later, only to be met with the same result. The whole experience made you feel your time and concerns were not valued.
The conversational AI market is booming, and the technology will be further implemented in the banking industry. How do we know this?First, a reported 32% of banks already use some form of Artificial Intelligence (AI) in their operations. Plus, according to Digital Banking Report research, about 75% of financial...
