SEATTLE–(BUSINESS WIRE)–Attunely Inc., a pioneer in deploying machine studying to maximise income restoration and improve the buyer expertise, as we speak introduced $9 million in financing. The brand new capital contains an earlier seed spherical in addition to a Collection A funding. Traders embody: Framework Enterprise Companions, Anthos Capital, Vulcan Capital, and extra impartial traders as properly. Andrew Lugsdin, Accomplice at Framework Enterprise Companions, will be a part of the Attunely Board of Administrators.
The funds will likely be used to increase the workforce with an emphasis on information science, information and safety software program engineers, consumer success assets, product/program administration, and advertising and marketing.
“Attunely is uniquely positioned to help reinvent the consumer’s collection and lending experience, in view of the economic damage resulting from the COVID-19 pandemic. Its dynamic machine learning models provide an opportunity for improved engagements across the industry. Now, more than ever, businesses need tools to empower responsible engagement with consumers and improve business practices. I am excited to join the Attunely team and support their growth,” stated Andrew Lugsdin, Accomplice, Framework Enterprise Companions.
“In the current economic climate, we believe machine learning is well suited to enable creditors, lenders and revenue cycle management agencies to employ more tailored engagements during and beyond the pandemic-driven unemployment environment. Undoubtedly, COVID-19, has created a ‘new normal’. Attunely’s machine learning models are designed to provide greater flexibility and efficiency during a transformative moment for the economy at large,” stated Scott Ferris, Founder and CEO, Attunely.
Attunely Models Improve Income Restoration
Powered by de-identified shopper interplay habits, Attunely’s machine studying platform prescribes the simplest outreach techniques by each section of the servicing and delinquency life cycle. Attunely’s models are custom-made to boost income restoration, scale back bills, stop buyer churn, and determine the perfect time of day to succeed in a shopper.
Provides Attunely CEO Scott Ferris: “We understand our clients are operating in a difficult environment and our dynamic machine learning models can ease the friction between a financial institution and consumer.”
Attunely’s dynamic scoring models embody:
Propensity to Pay Model
The Attunely propensity model estimates the probability of cost from every account, producing an general chance rating that modifications dynamically in response to ongoing interactions between a company and its customers.
The Attunely liquidation model combines behavioral alerts with a consumer’s historic transaction information to supply an anticipated value when recovering income. It’s knowledgeable by billions of historic calls, letters, emails, and textual content messages, and dynamically refines an account-level rating primarily based on every interplay with the buyer.
Time of Day Model
Leveraging billions of de-identified historic name information, and mixed with Attunely’s present liquidation scoring model, it produces a dialer-ready name file that matches the highest-yielding accounts with their most popular time slots. This enables for extra contacts utilizing fewer name makes an attempt, constructing on Attunely’s complete suite of machine studying models.
The Attunely Omnichannel rating ranks every communication channel and identifies the best type of outreach on each account. Mixed with the liquidation rating, this strikes the optimum stability between speedy restoration, maximizing long-term value (LTV) restoration, and giving the buyer time to repay.
Settlement Optimization Model
Attunely’s Settlement models leverage de-identified historic assortment information to estimate the probability, timing, and anticipated restoration value of contingent or debt portfolios. This allows restoration specialists to calculate the perfect supply, whether or not that may be a settlement, cost plan, or paid-in-full demand for each account.
About Attunely Inc.
Attunely is a confirmed, compliant, and reliable machine studying platform that makes the restoration of receivables simple, seamless, and worthwhile thus bettering outcomes for collectors, decreasing danger within the credit score ecosystem, and facilitating a greater shopper expertise.
For extra data, go to http://www.attunely.com.