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Gain Competitive Advantage as a Small Third-Party Debt Collector

Shrutidhara Kakoti

June 5, 2024

third-party collection agency

As a small third-party collection agency, it can be challenging to compete with larger firms. Companies often prefer to assign their accounts to larger agencies because they believe they can manage more accounts and achieve higher collection rates.

However, Conversational AI can change that for you and give you a competitive advantage over other collection agencies, including those larger than yours.

With Conversational AI, you achieve the following:

How AI Can Give an Edge to Small Third-Party Collection Agencies

Curious to learn more about how Conversational AI can help you gain a competitive edge over your competitors? Book a free demo with one of our experts.


Resources

Blog

SkiTalks: Abhinav Tushar on Machine Learning and Bias in Conversational AI for Collections

Abhinav Tushar, Skit.ai’s Head of Machine Learning, discusses how LLMs are reshaping automated consumer conversations in the collections space and their direct influence on enhancing the overall consumer experience. What advancements in Conversational AI are you most excited about currently?  At Skit.ai, we focus on helping businesses derive value from Conversational AI. We’re particularly interested […]

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Blog

Why Creditors’ Rights Law Firms Are Deploying Multichannel AI

Navigating the intricacies of debt collection is no easy feat—even for law firms specializing in the practice. Creditors’ rights law firms engaged in collections often deal with hurdles such as staffing challenges, account penetration, compliance with the regulatory landscape, consumer engagement, and the high cost of traditional collection methods. Consequently, these firms are turning to […]

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