Achieving Excellence in Default ManagementImproving the likelihood that every dollar owed is turned into a dollar paid |
The current environment places a premium on financial institutions having an effective default management operation. Senior management of banks and finance companies should be asking themselves — and be able to answer — a series of important questions about their default management operations. To the extent they do not know the answers to such questions, there likely is a substantial opportunity to enhance their default management operation.
This point of view from Deloitte & Touche LLP outlines questions management should be asking and highlights ways to reduce bad debt through default management excellence in six areas:
- Processes
- Analytics
- Organization
- Reporting
- Technology
- Policies/strategies
Download the PDF below to gain insight into default management excellence.
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Achieving excellence
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