FOLLOWUP AI performs three primary functions - retrieves data by synchronizing across platforms , combined with In-House data of clients and run machine learning algorithms to make recommendations and built-self learning workflow automation tools to predict default rate . FOLLOWUP AI Automation analyzes the tasks that a client performs in the system , learning from common process and then requests machine learning would generate various parameters using time series , own defined parameters path and graphs analytics to plot journey customers are taking and anticipate where they will go.
PayMEE FOLLOWUP AI
Some of the main solutions that FOLLOWUP AI provides along with proprietary algorithms includes
Innovative way of treating customers in consumer risk management.
02. Reduced operation Cost
Doing more with less - operating at 75-80% less cost.
03. Delinquency prevention
Helps to apply pro-active initiatives rather being reactive duly increase the cash flow.
04. Propensity-to-Pay Model
Our model also produces an overall probability score that changes dynamically in response to the ongoing interactions between your organization and the consumer.
05. Time to call
Time-of-day model recommends the best time to call each consumer to achieve success. This allows for more contacts using fewer call attempts.
06. Language Compatible
Language compatibility helps in conversation rather than relying on hiring a resource.
07. Customer Behavior & Sentiment Analysis
Helps to mitigate potential risks by applying predictive analytics on customer behavior and sentiment.
Improve customer relationships by having more actionable insight across data sources which help to avoid 90% customer complaints raised due to human interactions in consumer risk management.
09. Early Fraud Detection
Unique follow up with new customer having to exhaust more than alarming credit limit and paying bare minimum.
FOLLOWUP AI helps to move from manually managed MIS (management information system) to automated readable paths
Some common reasons this occurs and use cases of how PayMEE will solve the problem
Solution : Innovative way to treat customers
Solution : Compatible to multiple languages
Solution : Automatically reports suggestions to structure and streamline account receivables
Solution : Automatically analyzes future cash flows to help clients manage future expenses as operating at 80% low cost comparing to current scenario
Solution : Advanced probability model projects cash flows in a real time basis with minimal effort.
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