Magnetic North Live chat by SightMax
 
SEARCH  
 
YOU ARE HERE : HOME » INDUSTRIES » COLLECTIONS & DEBT MANAGEMENT

The Debt Management market is having to change and adapt to increasingly savvy consumers who have become well versed in dealing with and managing credit collections teams. Organisations managing debt books need flexible tools that can react online to changing conditions to ensure maximum debtor contact and maximise promise to pay and actual collections rates.

Customers need vendors who can understand these issues and who have engineered features in to their products that provide the flexibility to support the way the organization works and not force it to change to be able to adopt the technology. Magnetic North is that vendor.

The Issues

Why Magnetic North?

Magnetic North has claimed a series of key accounts within the collections and debt management sphere.

The largest law firm in the world relies upon Magnetic North’s technology to keep them abreast of potentially lower bidding client by helping them to offer a tier 1 branded service on behalf of a series of their clients for complex collection matters. Part of this value added relationship is down to Magnetic North’s understanding of this market place and the features which have been designed or enhanced to deliver the best  conversion rates possible; By filtering the calling list customers can meet key targets whether that be contacting a specified number of debtors within a particular geographic region or targeting those with the highest outstanding debt in the first instance, as well as being able to redefine contact strategies on the  fly and dial oldest or newest data on demand.

Whereas our outbound dialiing application Maximise will secure the highest levels of outbound productivity, Optimise ensures best practice and regulatory compliance thorugh recording the conversations and indexing thes according to the call out come with customer identification such as account number and debt value embedded in the call . Imagine being able at the click of a button to bring back the calls that resulted in the highest collection values for Gold Card customers for the month of July, and the benefit this would bring for training new staff and analyzing call process and strategy and you can see what the day of an Optimise user in the Collections arena is like.


The power of Optimise and Maximise combined ensures that should a customer promise to pay and fail to do so, the organization collecting the outstanding date had evidential proof that a promise was made and therefore a higher likelihood of completing the collection.

Our Pedigree

Magnetic North has been servicing the collections industry since its inauguration in 1999. Key law firms and collections agencies including Eversheds, CARS Group, Debts.co.uk and many more rely upon Magnetic North for their operational technology to remain competitive.

predictive dialer

FCC and DNC compliance

call recording demo

  Magnetic North Home | About Us | Contact Us | Terms Of Use | Privacy Statement