Turning Bad Debt Into Revenue with Genesis One

A prominent financial services company in the U.S. was struggling with millions of dollars in bad debt from accounts that were more than 500 days past due. The company had written off these debts, believing that the chances of recovering payments were slim and that pursuing them would be too costly in terms of time and resources.

That's where we stepped in. They entrusted us with 220 delinquent accounts, totalling over $4 million in unpaid debt. These accounts hadn’t been contacted for at least six months.

Using Genesis One, we were able to recover over 12% of the outstanding amount within just nine months, generating a total revenue of $510,751 with a 400% ROI.

Download the complete case study now to explore how we transformed the business's collections function and converted their bad debt into actual revenue.