Collecting on outstanding debt requires contacting the right party. But to mitigate the risk of TCPA violation, many high-calling companies are now dialing mobile phones manually, which is inefficient, costly, and still no guarantee of reaching your intended contact.
With over 80% of outbound calls going unanswered or ringing to the wrong party, and industry-wide Phone Behavior Intelligence rates hovering at a dismal 3%, how do you increase your chances of getting a consumer to answer the call without increasing your risk of TCPA violations?
For decades, contact centers have relied on their CRM and credit bureau/demographic information for their contact strategies. But these methods emphasize quantity over quality, with stale data, major gaps in coverage — often as high as 40% of phones — and lack of any true insight into crucial phone behavior, like the best time to call a particular consumer.
And with the widespread adoption of mobile phones as the device of choice, most homes in the U.S. no longer have a landline phone.1 Taking into account the increased cost, risk and exposure when dialing wireless numbers, how do you identify and prioritize the right numbers to call?
The answer: complete consumer contact insights fueled by authoritative data.
Better Customer Data Means Better Operations
Increase the efficiency of your outbound call center operations, while also reducing various compliance, financial and reputation risks. Phone Behavior Intelligence not only offers a more reliable way to validate and verify phone ownership, but also provides critical consumer contact intelligence—including best phone number to use and best time to call—to drive higher RPC and revenue-per-dial KPIs. Make the right connection the first time, at the right time, and your odds of revenue recovery increase exponentially.
Phone Behavior Intelligence “fills in the blanks” on your customer contact intelligence. Traditional data likely provides a few attributes (e.g., name, phone number), but provides very little insight into that consumer’s actual phone behavior. With consumers using multiple devices and consumer data constantly changing, having the most up-to-date information is crucial to making a connection.
- Identify contacts you are most likely to reach and collect from
- Know the best number to use and best day/time to call
- Prioritize a pool of contacts to capture more revenue per dial
- Mitigate risk of TCPA violation
With the authoritative data gathered from Neustar’s extensive network of trusted sources, you’re able to obtain a 360° view of your consumers to make informed decisions for outbound dialing strategies.
1. Source: CDC/NCHS, National Health Interview Survey. Updated May 4, 2017.