Telecom Credit and Collections Software
Expertly Manage Every Aspect of the Credit and Collections Process
Credit and Collections Process
Evaluate a customer’s credit worthiness and manage approvals
Predict when subscribers won’t pay
Automate payment due reminders
Determine when to place accounts on hold and restrict/restore service
Enable agents to collect more efficiently
Determine when to write off bad debs
Problem: Hard-to-Update Software
Times change. Accounts change hands. And economic climates shift. But many telecom credit and collection strategies are fixed in time because the software is hard to update.
On top of that, many companies have a “one-size-fits-all” approach. They can’t customize repayment treatments easily. So they end up with a lot of non-pay churn and accounts they can’t collect on.
Beesion: Changeable and Intelligent Software
With Beesion’s Telecom Credit and Collections Software, your teams can steer and control credit and collections policies – and adapt them to changes in the business, economic climate, or marketplace. The low-code software requires little to no custom code. So making changes to processes and customizing treatments is easy. Plus, with the software’s predictive analysis and Artificial Intelligence capabilities, managers can predict repayment scenarios far more accurately. Then, they can develop individualized treatments to maximize recovery, with minimal service interruption
Three Low-Code Applications to Improve the Credit-to-Cash Process
Each application integrates seamlessly with each other, third-party software, and back-end systems. Working together, the applications can maximize debt recovery, minimize non-pay churn, and reduce costs with more automated actions and fewer agent touches. The telecom credit and collections software suite even can protect customer satisfaction levels.
Establishes Credit Worthiness
Tools to assist at every stage of the debt recovery process
Interface with banks, credit cards, and payment gateways to process payments. Plus set up auto pay and collect recurring payments
Generate More Predictive Policies By Sharing Applications’ Data
While the applications can be sold separately, they generate greater value when they work together to share data.
- The Collections Management application shares subscriber payments information with the Credit Analysis application to create more accurate credit scoring formulas for the pre-sales process.
- The Credit Analysis application provides data to the Collections Management application to better predict the likelihood of non-payment.
Analyze Credit Easily and Expertly
With the Credit Analysis application, calculate a comprehensive credit score and automatically approve or deny eligibility for service. Also, determine if more information is needed and whether there are any spending limits.
- Change the evaluation criteria based on company’s financial performance, business conditions and more. Also, leverage automatic rules to make changes.
- Score can be established on demand or integrated into the sales process workflow
- Comply with all legal and regulatory requirements
Get Ahead of Collections Problems
The Collections Management application features a wide range of tools to address each stage of the recovery process: Preventative Stage, Early Delinquency Stage, Advanced Delinquency Stage, Legal Stage. It integrates seamlessly with your billing system to sync account updates, and also with your Order Management (or Provisioning) to suspend or restart service.
- Improved debt recovery by up to 40%
- Reduced DSO from 38 days to 32 days
- Shrunk non-pay churn from 3% to 2.5% annually
- Decreased collector training time from 1 month to 2 days
Collect Recurring Payments Securely
Manage and Collect Telecom Payments Efficiently
With the Payments Application, connect financial institutions with your billing system to update payment information. The application tracks payments made at each collection point and automatically updates the subscribers’ accounts. It also manages autopay services for the customer base.