QUALCO boosts collections platform with Webio conversational AI messaging

16th November 2022 - Dublin, Ireland

QUALCO, an international fintech solutions provider, has partnered with customer engagement specialists, Webio to add conversational AI to their existing collections and recoveries software offering.

QUALCO joined forces with Webio to provide the debt collections industry with an integrated solution that can engage, automate, and manage customer communications at every stage of the collections and recoveries lifecycle through its robust debt management platform.

The solution offers a seamless omnichannel customer journey by preserving customer activity information across touchpoints in a single customer view. By empowering customers to self-serve in a few simple steps, credit and collections, businesses can improve Customer response rates, increase call center efficiency, and significantly reduce operational costs.

Over the last three years, Webio clients, who account for millions of digital conversations every month, have seen a consistent quarter-on-quarter trend of automation increase, reaching 75.2% in Quarter 3 of 2022. An agent operating without automation typically has an average of 50-70 daily closed conversations, whereas when automation reaches above 70%, this figure jumps to 380-420.

"We're delighted to partner with QUALCO as the synergies and value delivered by this combined offering are immense. Digital conversations are becoming the primary method of engagement for all customers. In simple terms, this partnership will allow companies to do more with fewer resources and improve customer experience. I see this partnership growing over the next 3-5 years and generating significant business opportunities. We're already excited with the level of interest, with several potential clients planning their implementations for 2023."

Mark Oppermann, Head of Sales and Marketing at Webio

"During an era of continuous transformation, where digital communication channels play a much bigger role in how customers interact with businesses, we need to have the right tools to ensure a seamless, personalised experience that will improve productivity, reduce costs and increase customer satisfaction. We are delighted to partner with Webio and accelerate our pace toward offering a truly customer-centric omnichannel experience through our joint solution.”

Terry Franklin, Executive Vice President of QUALCO

The Webio-powered system will go live in Quarter 1 of 2023 with the QUALCO Omnichannel Communications platform launch.