$1.1M Total Collected for Unsecured Personal Installment Loans in 2021 for a Top Banking Client.

Challenges.

The client faced challenges including

· Efficient collection of unsecured personal installment loans

· Need for a cost-effective and streamlined approach to collections

· Requirement for improved efficiency and cost reduction in the collection process

Solution.

Coforge provided a comprehensive solution, including:

· Implementation of a cost-effective offshore collection strategy

· Integration of advanced technologies for efficient collection processes

· Automation of manual tasks to reduce operational costs

The Impact.

The impact of Coforge's solution is summarized as follows:

· Collection of $1.1M for unsecured personal installment loans in 2021

· Enhanced efficiency and cost-effectiveness in the collection process