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Financial institutions have written off billions of dollars in unpaid debt over the last year and, because of the lingering recession, this trend is expected to continue. At the same time, institutions are intently focused on retaining and growing their best customer relationships, uncovering opportunities that will aid in growing the portfolio. The renewed focus on balancing the risk and reward of portfolio management is putting added pressure on portfolio managers, and if not adequately addressed, could result in increased losses and missed new business.
Find out how your institution can mitigate losses and leverage opportunities by proactively monitoring and managing your portfolio.