Collection Scoring Model
Applying Machine Learning to Collections
Our machine learning algorithms allow accounts receivable management and collections organizations to increase collections & debt recovery through the creation of data-driven, customer specific contact strategies, dynamic scoring, and advanced analytics.
CFPB Regulations
The Consumer Financial Protection Bureau (CFPB) recently released a new rule governing the attempts to contact a consumer about a debt.
Ensuring you are able to maximize your attempts is more crucial than ever.
Read our blog post on how Machine Learning models can help with this new rule.
Debt Scoring Done Differently
Features | Traditional Fico Scoring | Out of the Box ML Scoring | The NLP Logix Approach |
Rank debt for strategic utilization | included | included | included |
100% of accounts scored | included | included | |
Successfully passed CFPB audits | included | included | |
Custom built on your data | included | ||
Dynamic score | included | ||
Flat fee pricing | included |
Prioritizing Collection Accounts for Outsourcing
Healthcare Providers typically outsource their receivables to enable their staff to focus on patient care rather than collections. With our scoring model, you can easily prioritize the collection accounts that will be more likely to pay, saving on outsourcing fees.
Learn more in our article Using AI/ML for Collection Scoring.
Learn More:
Collection Scoring with AI/ML
Collection Scoring - How Healthcare Providers Can Use AI/ML for Optimal Results Debt collection is a costly, yet necessary undertaking for healthcare providers. To reduce [...]
NLP Logix Partners with Receivables Management Association International
NLP Logix is proud to announce partnering with Receivables Management Association International (RMAI) through their membership program. This membership is an expression of our dedication to the receivables industry and to providing innovative technology to receivables management organizations.
NLP Logix Gains International Partner
By Ellen Schneider – Reporter, Jacksonville Business JournalNov 12, 2019, 8:26am EST Jacksonville-based artificial intelligence and machine learning firm NLP Logix announced it recently landed a new international client for its [...]