The primary objective of a collection strategy is to generate a positive return for the organization, converting potential losses into revenue. With collections often seen as a secondary or, in some cases, nonexistent activity, often revenue is left on the table. Increasing debt trends combined with stricter regulatory laws means that it is more important than ever to have a mature, grounded collections strategy.

An effective in-house collection strategy can increase revenue up to 15 percent1 and decrease collection costs up to 25 percent2 through more effective use of resources and staff. Implementing collections strategies have shown to reduce default rates, protect bottom line, find “lost” customers, and maintain customer relationships.

Solution: Streamline Digital Lending – Salesforce and CLS

Lending has entered the digital age. Borrowers now expect online loan applications to be as easy and convenient as using a ride-sharing app on their phone. Convenience drives borrower satisfaction, and lenders need to accelerate loan cycles, increase loan...

2018 Trends in Leasing

Join Auke D. Veenstra, Managing Director – EMEA and Mukul Mittal, EVP – Lease at Cloud Lending Solutions. They will take you through the latest trends in Leasing and what it means for your business. In this on-demand webinar, we will explore 5 Key Areas:...

Small Business Lending – Creating a For-Profit Business

Join Taylor Adkins, VP of Product Management and William Wagner, VP of Marketing at Cloud Lending Solutions as they discuss how lenders can create a small business lending practice that removes the friction from the lending process and do so profitability. In this...

Emerging Trends In Lending for 2018

The last few years have continued to see incredible advancements in leveraging FinTech solutions across the Financial Services Industries in an effort to bring an exceptional borrower experience to the market, increase loan volumes and revenue streams, and reduce...

How to Create the 3.0 Lending Experience

In this 60 minute webinar, Cloud Lending will share its vision on how you can create the 3.0 lending experience for your borrowers and business partners. In this on-demand webinar, we will explore: 1.Why lending 3.0; what does it take? 2.How to create seamless...

Building the Ultimate Borrower Experience

Borrower experience is a top strategic priority for banks. The majority of this effort focus on the user interface and multi-channel experiences but ignores the structural problems legacy platforms and multiple systems of record add to delivering a world class...
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