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Financial Services

Voicebot for debt collection increases accounts receivables by 362%

362%

Accounts receivables increased by 362% from 130,000 CZK to 600,000 CZK.

470,000

Total increase in accounts receivables delivered
INDUSTRY
Financial Services
PERIOD
September - October 2020
GOALS
  • Increase the number of client contacts, and the number of contacts called
  • Optimize costs while maintaining scale
  • Increase efficiency by converting pledges into paid receivables
  • Enable day-to-day acceptance of large occasional orders

De Vries Group, successor of the company De Vries Justitia, is a debt collection agency which has been operating since 2012 in the Czech Republic, Slovakia, Poland, the Netherlands, Spain, and Georgia.

CHALLENGES

De Vries Group handles large-scale occasional orders and needs to be flexible in responding to the needs of their clients and scaling call capacities up or down with demand.

After previous experience with another provider, De Vries Group reached out to VOCALLS. The contract was smoothly taken over from the previous provider, and within two months we launched a voicebot successfully collecting debts.

“We were very happy when we got the opportunity to work with VOCALLS and test their voicebot in the debt collection process. Currently, we are testing and fine-tuning the operation, but already we have managed to increase the efficiency of our contact center, as the voicebot enables us to handle multiple calls simultaneously. The virtual assistant provides high quality support just like its human colleagues. If required, the voicebot transfers the call to a customer service representative. Together with VOCALLS, we are setting up the voicebot to handle inbound calls and we look forward to further future cooperation.”

Bc. Jana Kavalírová
Team Leader at De Vries Group
TECHNICAL SOLUTION AND IMPLEMENTATION

Efficient outbound debt collection

The voicebot ensured that pledges to pay debts were converted into actual accounts receivables, which required a well-thought-out human-machine interaction. The voicebot also informs the client about when and how payments need to be made.

Voicebots automate outbound campaigns with efficiency and scalability.

The voicebot was designed in close cooperation with De Vries Group. Several test phases took place before it was deployed. Since the launch, log files are being analyzed in order to supervise, maintain, and fine-tune the voicebot.

THE RESULT

Increased accounts receivables, optimized time and costs

Since the deployment of the voicebot, De Vries Group has seen an increase in the number of client contacts.

The voicebot handles multiple calls simultaneously and therefore the number of accounts receivables increased as well. The voicebot flags clients who are unreachable for an extended period of time, thus saving work and time of agents who can focus on more complex cases.

The performance of the voicebot was compared to the performance of human agents and it turned out that the bot was just as efficient. In certain weeks, the voicebot performed even better!

Compared to the agents, the voicebot is cheaper because it is only paid per successful call and not for the time it spends calling clients who do not answer.

ACCOMPLISHED

Increased value

The value of accounts receivables increased by 362%, from 130,000 CZK to 600,000 CZK.

On par with human agents

The performance of the voicebot is comparable to and in some cases even better than the performance of human agents.

Flexibility to scale with demand

The voicebot can accept new orders through nearly unlimited simultaneous calls.

Cost optimization

The voicebot is only paid for the minutes spent talking to the client, while a human agent is paid for training and man hours or days worked.
INDUSTRY
Financial Services
PERIOD
January 2021
GOALS
  • Increase the number of client contacts and the number of contacts called
  • Optimize costs while maintaining scale
  • Increase the efficiency of converting pledges into accounts receivables
  • Enable day-to-day acceptance of large occasional orders