Finvence took on a "green field" build of an entire Debt Purchase Data System (DPDS) for Cura Holdings Ltd. The system automatically manages the entire end-to-end process from portfolio purchase through to collection monitoring. Advanced AI-powered recovery forecasting and portfolio valuation algorithms ensure return-on-investment and provide evidence-based targets for collections.
The DPDS delivers the following in debt portfolio management:
- Cleansing - rapid 'wash' of prospective new portfolio data and validation of data quality and accuracy
- Segmentation - automated segmentation of non-recoverable debts and generation of 'put-back' exception pack
- Valuation - Intelligent algorithms automatically forecast recovery potential and optimise purchase price
- Monitoring - real-time monitoring of collection agents and processes and validation against SLAs and targets
- Compliance - best-in-class reporting to Credit Reference Bureaus and Regulators in-line with compliance obligations
The system is fully cloud hosted and dynamically scalable to autonomously grow with the organisations strategic plans.
>60% OPEX reduction in I&E assessments
