Ditch the Dunning Schedule. Get Paid Faster.
Most collections strategies are stuck in the past, using static, one-size-fits-all schedules to send payment reminders. But these tactics are no longer effective. Instead, financial organizations should leverage debtor behavior patterns and AI analytics to get their invoices paid on time.
The Impact of Collections Best Practices
25%
reduction in unpaid invoices
15%
higher debt recovery rates
You don’t have to be an expert in AI data science. Billtrust has analyzed its network of 13 million buyers and $1 trillion in annual transactions to empower companies with data-backed best practices for collections outreach. Explore a new standard of AI-driven methods for reducing bad debt and financial write-offs.
You’ll learn:
- Outreach formulas that influence behavior without frustrating your buyers
- How to segment customers and personalize reminders for higher recovery rates
- Data-backed communication timelines that result in faster invoice payments
Stop guessing which collections tactics will work. Start using AI to build a research-driven approach to payment reminders with this next-generation playbook for collectors.
