Data Science - A Lack of the Correct People to Fill Company Needs

There is a looming shortage of data scientists and business intelligence professionals. For a number of years now demand has been outpacing supply at a growing rate. Firms can begin to use new available technologies in order to reduce the need for specialists. There is now the tools available to analyse data, meaning company’s requirements for data and analytical specialists can be reduced in a highly cost effective manner.

As Rosencrance (2011) explains there are incredible opportunities to use data to make better business decisions. The organisations that best use the vast amounts of data available are often the most effective and successful. For example, within the collections industry, using consumer data in a dynamic manner helps to drastically improve collections rates.

From the prospective of trace, tracehunter is a comprehensive solution, once we have set the system up and integrated it with your current processes. It can be used to generate a vast selection of reports. tracehunter not only collects a complete audit trail of each trace activity, but can also be used to automate the reporting of almost any combination of data it collects. 

To find out more or to book a personal demonstration to see this extraordinary trace resource for yourself call 0161 713 2213, alternatively email us at info@tracehunter.co.uk.

http://www.tracehunter.co.uk

Difference of Opinion - Trace

The methods used to trace a debtor have changed much in the last 10 years, from a period of bulk lettering relatives and neighbours to a time where databases have become the integral part for all most all bulk trace work.  

However, conflicting opinions on compliance have led to a period of very differing ideas of success. Some firms chase a debt with little more than a new credit reference link in the past year. Whereas more due diligent firms need at least two points of contact with at least one of these being phone contact before they begin to chase a debt. This latter option may seem more expensive; however, it would seem to pay for its self in the long run through improved collection rates and reduced mis-trace rates.

Debtor Trace: Compliance and Debt Collection

Debtor Trace: Compliance and Debt Collection: 84 percent of compliance professionals believe in the coming year they will have more compliance issues to consider. With nearly 50% of ...

Compliance and Debt Collection

84 percent of compliance professionals believe in the coming year they will have more compliance issues to consider. With nearly 50% of those believing there will be significantly higher levels of compliance requirements. Combined with the fact that most compliance professionals believe, that their resources and budget will likely stay unchanged in the coming year is putting even greater pressure on already stretched departments.

If just the rules and regulations set by the OFT, FSA, CSA and DBSG are taken in to account the mind field of compliance issues and worries is quite extensive. However, they are there for a reason and help to simplify best practice. Over recent years many changes have happened to improve the image of the industry and surely this can only be a good thing. A company which operates in the best interest of its customers will have little to fear and to do this the correct processes are required to be in place.

Trace and Collect Productivity

Is trace the bottle neck to the success of your collection operation? 

tracehunter users are able to significantly improve collection rates by automatically verifying and updating debtor data, before a collections agent even looks at a case. This means that collections agents do not waste time chasing dead ends.

To find out more call us on 0161 713 2213 alternatively email us at info@tracehunter.co.uk for a copy of our 2012 brochure.

tracehunter Testimonials

Trace Manager, DBSG member:

“Since the integration of tracehunter’s new bulk processing feature we have been able to increase our trace departments’ productivity by 200% while reducing our head count by two”

CEO of an SME, CSA member:

“Transparency for me, and most importantly from my clients’ perspective is imperative. tracehunter also gives us all the statistics and figures we could ever want, plus being able to set parameters of work means I can check and manage how my tracers are working. It is flexible and integrates with what we already had.”

“It is an essential part of our company I don’t know what we would do without it”

MD, CSA Member:

 “The increase in productivity achieved since adopting tracehunter has resulted in significant growth within the profitability of our trace department, which is impressive as a lot of the trace firms I know are still struggling to make ends meet”

“tracehunter offers an unrivalled structured approach to bulk debtor trace and is Integral to our trace function in every way”

Trace Manager, DBSG Member:

“tracehunter gives us the confidence to know that our trace agents are working in a structured and compliant way, with all the steps they take recorded automatically for simple auditing and monitoring” 

Trace Manager, DBSG member:

“tracehunter is integral to our tracing activities, it’s fully integrated with all our other systems. Full transparency is what we needed and we got it with tracehunter, because it is customised to each individual customer there is not much they can do to improve.”

“tracehunter prevents mis-trace enquiries becoming complaints, I’m able to deal with mis-trace enquiries in a matter of minutes”

Trace Manager, CSA Member:

“tracehunter is a gem of the trace world and from our perspective the system is perfect for us”

“All of the data sources have their own particular advantages, tracehunter helps us get the best out of all of them”

Trace Case Management Software

For a FREE specially designed spreadsheet to compare and contrast your current trace times with that of tracehunter, email info@tracehunter.co.uk or call our customer care team on 0161 713 2213 to see for yourself if you can save time and money. 

Best in Class Trace Software

One of our largest debt collection and trace clients recently underwent a complete strategic review of all of their systems and processes for debt collection and trace. During this review the use of tracehunter was called in to question, there was a possibility of the system no longer being used, if they found a cost effective alternative on the market. They came back to us once they had completed the review to say not only were they going to continue to use tracehunter but they were unable to find a system that even came close to tracehunter’s functionality.

We believe that the best way to fully appreciate the power of this extraordinary trace resource is to see it for yourself. Nothing could be simpler – Just call us now on 0161 713 2213 to arrange a personal demonstration and you will soon be on the path to enhanced productivity, simplified compliance and measurable results.