Take Charge Business Consulting, LLC
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Take Charge Business Consulting, LLC
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Portfolio Analysis and Review of Monitoring Procedures When was the last time you evaluated your portfolio and determined exactly what is causing the losses? Many companies go wrong by trying to find trends in MCC/SIC Codes, Zip Codes, etc. Trends can be helpful, however they do not always get to the root cause of the losses. It also tends to cause your risk department to be prejudicial toward certain types of accounts thus causing attention or a reduction in your application count. This philosophy also leads to unexpected fraud losses in areas of your portfolio where your risk department will let their guard down. We can help you get focused on what is actually causing your losses. TCB can also help you review processes and workflow within the area. Many times people are too close to the issues and hang ups to be able to identify them. We can evaluate your workflows and provide feedback to a more efficient risk area. We can suggest tools which can make procedures and streamlines which in turn will reduce costs and losses. Bankruptcy or merchants going out of business is a huge issue within our industry. Our team has tested a huge number of products and databases. We have found many indicators and measures which can be taken to predict a merchant is going to go out of business. TCB can work with your team to take proactive measures which can help reduce your out of business losses while affecting as few merchants as possible. Our staff has successfully reduced portfolios from as much as 40 basis points to less than 2! Travel expenses to be reimbursed by customer. |
Take Charge Business Consulting is a proud supporter of Adopt A Cat, SpayTexas, and the Charity Workshop!Please remember to volunteer in your community!Send mail to
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