Prodigal

From all of us at Prodigal, a heartfelt thank you to our incredible clients and partners. Your trust and support inspire everything we do, every day. Wishing you and your loved ones a Happy Thanksgiving! ????

You sent emails to over 10,000 accounts. However, only 10-20% opened them. Wonder why? If you want to scale your digital collections, this is the very first thing you should figure out. 30% of your emails might have landed in spam. This means your emails are triggering spam filters. So, what's causing this? 1. Using outdated lists with incorrect email addresses 2. Poor domain reputation due to past spam reports 3. Too many links or images in your emails 4. Sending the same email to over 10,000 recipients at once First step: Do a quick deliverability audit to see if these issues are affecting you. And then follow the best practices we've attached to tackle these issues effectively. Read more in our latest blog post (link in comments).

We're #hiring a new Senior Machine Learning Engineer in Bengaluru, Karnataka. Apply today or share this post with your network.

Is it fair to rank agents by collections alone? Imagine two agents - both work with accounts worth $3,000. One collects $2,500, the other $2,200. However, the first agent's accounts are easier to collect on, while the second agent's accounts face significant financial hardships. Should they be ranked the same? Factors like consumer circumstances and account difficulty impact success. Focusing solely on collections overlooks this complexity. We should look at factors that actually increase the accounts' Intent to Pay (ITP). When ITP improves, it shows the agent has moved the account toward a positive outcome. ITP captures both willingness and ability to pay, providing essential context and reflecting each agent's unique impact, especially for those handling challenging accounts. Dive deeper into this approach and discover practical steps to track agent performance effectively. Check out our blog (link in comments).

When ultra runners are asked, "How do you stay motivated knowing you'll run for the next 24 hours?" their answer is surprisingly simple: Don't think about the 24 hours. Focus on the next mile, the next step, the next breath. Building startups is similarly overwhelming if you fixate on the long journey ahead. The path is long and unpredictable, but success comes from showing up every day. Here's our team celebrating their 10K finish at the IIT Bombay Half Marathon. #running #team #startups

Hey everyone! Of Interest's #fall edition is here. ?? We're diving into the shifting #medicaldebt landscape and uncovering new challenges and opportunities for you. Plus, discover how embracing digital-first strategies with email and SMS can give your collections a real boost. Don’t miss our essential compliance checklist for collecting payments through email and SMS to keep your campaigns on track. Curious how these trends can reshape your #debtcollection strategy? Check out our latest newsletter. #cfpb

At Prodigal, we’re proud to uphold the highest federal standards, including IRS 1075 compliance, ensuring that agencies handling federal and state taxes can rely on us to keep their data safe and secure. With our proven track record in compliance, we provide peace of mind while helping you optimize your collection outcomes. Let’s talk about how we can support your tax collection efforts with confidence and security. #irs1075 #secure

Big thanks to everyone who joined us for our 'AI Beyond the Hype' #event last weekend! ?? A special shoutout to our incredible speakers – Venkata, Abhishek, Bharath, and Nirav for sharing their insights on how AI is solving real-world challenges. ?? And kudos to Sangram for spreading Prodigal’s vision of building the intelligence layer for hyper-personalized communication between lenders and their consumers. Your perspectives have truly reshaped how we think about applying AI to everyday problems. We’re excited about the future of #AI and look forward to continuing the conversation. Stay tuned for more events and discussions coming soon! ?? #aimeetup #bengaluru

Akshat just attended OpenAI's Dev Day and shared some incredible insights on the latest advancements.

We're #hiring a new Machine Learning Engineer in Mumbai, Maharashtra. Apply today or share this post with your network.