Collection efficiency and how will do the collection, plan for the month, repossession etc

Question

Accepted Answer

Collection efficiency and planning for collection and repossession

Collection efficiency can be improved by analyzing data and identifying trends
Creating a plan for the month can help prioritize accounts and allocate resources
Repossession should be a last resort and only done after all other collection efforts have been exhausted
Regular communication with customers can help prevent delinquency and improve collection rates

Accepted Answer

Most of the transport vehicle payment waiting in vendor side so I will touch in vendor. Vehicle Repo is the tool any one can recovery that is not in my moto. My plan only getting payment from customer I know the way so I educate the collection team I will teach to my team members and share  my twenty years collection experiences. Customer and collection executives good relationship never fails because customer did not give false commitment.  Lot of ideas in my mind I will  do one by one implementation

Accepted Answer

First I will understand pot folio then generate PTP of which customer is paying Emi along with list of customers who are not paying what was the problem of the customer see what caused the defaulter take solution and increase my collection

Accepted Answer

Monthly EMI follow up

Accepted Answer

My first goal team mitting & exucative self target in 10 days is customer visit from home & reference..

Accepted Answer

First I will understand pot folio then generate PTP of which customer is paying Emi along with list of customers who are not paying what was the problem of the customer see what caused the defaulter take solution and increase my collection.

Accepted Answer

First I will understand pot folio then generate PTP of which customer is paying Emi along with list of customers who are not paying what was the problem of the customer see what caused the defaulter take solution and increase my collection.

Accepted Answer

Month opening 1st day planing an visited customer home an month end issue automatically resolved an proper team members hardly working 1st day opening month

Collection efficiency and how will do the collection, plan for the month, repossession etc

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