How does the Debtor Location System work?

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Collection actions pose several challenges for companies. However, the biggest one, in most cases, is locating debtors. A people tracking system can help with this.

Want to better understand how it works and what advantages you will have when using it? Check out this article we prepared!

What is the debtor location system?
Not every company has an up-to-date database , and this can kenya number dataset affect collection efforts, as it makes it difficult or even impossible to contact defaulters. The people tracking system is a solution to this problem.

This is an online debtor identification tool that can be used directly by your company. It allows you to find customers quickly and efficiently with just a few pieces of data.

How does this debtor tracking system work?
Based on an updated, solid and complete information bank, the people location system uses existing contact keys to offer new ones, through data assimilation.

For example: your registration form does not ask for your customers' phone number and you need to contact a debtor, but you only have their email address and CPF number at your disposal. The emails are not having the desired effect in generating direct negotiation. What should you do?

By entering the data you already have in the tool, such as email and phone number, it will search for the person and then find other information about them, including their phone number. But there is also the chance to get the mother's name, ID number, among other keys to further expand the registry and keep the list of debtors organized and complete.

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This way, you can offer more contact opportunities to the credit recovery team — or the outsourced team, if that’s your situation.

One of the biggest advantages of this tool is that it works entirely online, through your company's internal system, and offers access to an extensive, updated database.

There is also the possibility of locating people through links, such as partners, spouses or close people, who may have lived with the debtor.

It is worth remembering that, regardless of whether the debtor customer is an individual or legal entity, it is possible to find them through the system, as the CNPJ is also a valid key to locate the relationship between the data.

Check out more details about the people location system and other solutions to help you in your company. Follow the TargetData blog !