Calling All Black Belts: Why the Lack of Six Sigma in Debt Collection Operations?

Collecting Black Belts is Not the Same as Using Six Sigma in Collection Processes. Photo by glasgow's finest

As a Black Belt in Six Sigma I am always interested in hearing feedback from others regarding how the process improvement methodology is being applied in their businesses… and, of course, any related success stories. The operation I oversee is a national collection agency/receivables management company and our organization has realized great success utilizing Six Sigma tools and techniques when applied to our client’s individual portfolios or, more specifically, their unique business lines within those portfolios.

To my knowledge–although I could be mistaken–my company is one of only a handful of organizations in the ARM industry taking this approach to the recovery of delinquent receivables. Based on our company’s individual success, I am somewhat intrigued that more collection agencies in the industry are not adopting this approach.