Achieving Excellence in Default Management
Improving 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:
Download the PDF below to gain insight into default management excellence.