Collections
Stori increased their contact rates by 150% using a WhatsApp strategy with Truora
-
+50%
Response rate
compared to phone calls -
+80%
Time saved
for collection agents -
150%
More contactability
vs traditional channels
Learn how this fintech optimized their collections process with our technology.
The Challenge
Stori's collections department faced the challenge of improving recovery rates and simplifying customer interactions during the collections process. They also aimed to increase the number of customers contacted within a shorter time frame to enhance their collection efficiency.
Key Challenges
- Improve portfolio recovery rates.- Simplify communication with users during the collections process.
- Increase the number of customers contacted in a shorter time frame.
"At Stori💸, we're always looking to optimize our processes, and Truora has proven to be a promising solution for collections management."
The Solution
We implemented automated conversational chatbots through WhatsApp, streamlining their collections processes.
What did we do?
First, we enabled automated conversational flows via WhatsApp Business API, simplifying Stori’s collections processes by allowing them to quickly design chatbots and launch massive collection campaigns with personalized messages tailored to each client.
"Truora's tool has proven to be a promising solution for managing mass WhatsApp messaging aimed at recovery."Maria Fernanda Bonilla
Product Manager at Stori
Key features of Truora's technology
- Verified business line
- Friendly, personalized messages
- Clear call-to-action from the very first message
Conversation Flow Setup
Stori uses our flow builder to create the conversation flow for their WhatsApp chatbot. This is where they define the strategy, responses, and actions that the user can take.
Campaign Launch
After designing the flow, Stori can launch massive WhatsApp collection campaigns, allowing them to contact multiple clients simultaneously within a short time frame and track each conversation.