Dgita
CASE STUDY: Financial Services

Financial Services: Improving Collections Recovery

A mid-sized microfinance institution partnered with Boxleo BPO to improve debt recovery rates and streamline customer reconciliation.

Our data-driven approach and empathetic engagement strategy significantly improved cash flow and reduced delinquency cycles within months of implementation.

Financial services: Improving collections recovery

The Situation

The client’s manual debt recovery process caused inconsistent communication, delayed follow-ups, and reduced repayment rates, leading to high delinquency days and uncollected payments across multiple loan portfolios.

The challenge

The organization faced a rising backlog of overdue accounts and inefficient follow-up procedures.

  • No segmentation of debtors based on risk or value.
  • Untrained staff using inconsistent collection scripts.
  • Lack of automation in payment reminders.
  • Poor visibility into daily collection performance.

Solution

Boxleo BPO implemented a structured collections framework emphasizing compliance and efficiency.

Key initiatives included:

  • Segmented debtor portfolios by risk and repayment patterns.
  • Trained agents with customized negotiation scripts.
  • Introduced IVR payment reminders and auto-scheduling tools.
  • Provided real-time analytics dashboards for daily performance review. Result: 25% monthly collections increase and DSO reduction by 14 days within one quarter.