Motor Finance

Motor Finance firms have become a core part of Kind Consultancy’s client-base over the years, and is one area within UK Financial Services that has really benefited from our Kind Agile Solutions contract recruitment offering, especially as the sector has faced more and more attention from regulators. Read on for a Case Study looking at how we helped one Motor Finance organisation in need of a significant increase in Collections resource –

A large, established motor finance company required additional support within their collections team to work with vulnerable customers in relation to their payment plans. Due to an ongoing relationship, the client reached out to Kind Consultancy asking for them to supply experienced interim Collections Consultants for a 12-month project.

Kind selected people from the King Agile Solutions bench who had a mixture of collections experience and complaint handling experience across Financial Services, combined with a history of working with vulnerable customers. The combination required for the project was a very specialised skill set and the client recognised that these are not people they would be able to find on their own quickly. When a second request came after the appropriate members of the Agile Solutions team were already with the client, Kind then conducted a full deep market search using a mix of methodologies to identify key talent that could be utilised in this project, rapidly taking care of all screening and compliance requirements before they joined the client.

Our contractors went through training and route-to-competency with the client and were fully operational and supporting the team within 4 weeks of the first request coming to Kind.  This has resulted in a significant number of customers being contacted and able to get the specialised support they needed, whilst maintaining strong customer service for the client. The client has expressed great satisfaction with both Kind Consultancy’s service and with the quality of the contractors, and shared their intention to come back to Kind in future should they have similar resource needs.

Vulnerable Customers

One of our clients, a consumer finance business, reached out to us as they were keen to build up a team of experienced case handlers, beyond their existing resource who were able to support customers, who based on their individual circumstances may be considered potentially vulnerable.

As we had ring fenced a pool of specialist Vulnerable Customer talent within Kind Agile Solutions, we were able to have the team on site and working on cases within 10 working days from the initial contact. The interim support has been a huge success, which has resulted in contracts being extended to manage the increase in customers showing signs of vulnerability.

We worked closely with the client and it was agreed that we would supply a team of people to focus exclusively on the vulnerable customer cases. We immediately contacted the contractors on the Kind Agile Solutions bench, who we knew were available for a new project and had Vulnerable Customer expertise.

Collections

A large, established motor finance company required additional support within their collections team to work with vulnerable customers in relation to their payment plans. Due to an ongoing relationship, the client reached out to Kind Consultancy asking for them to supply experienced interim Collections Consultants for a 12-month project.

Our contractors went through training and route-to-competency with the client and were fully operational and supporting the team within 4 weeks of the first request coming to Kind. This has resulted in a significant number of customers being contacted and to get the specialised support they needed, whilst maintaining a strong customer service for the client.

Kind selected people from the King Agile Solutions bench who had a mixture of collections experience and complaint handling experience across Financial Services, combined with a history of working with vulnerable customers. The combination required for the project was a very specialised skill set and the client recognised that these are not people they would be able to find on their own quickly. When a second request came after the appropriate members of the Agile Solutions team were already with the client, Kind then conducted a full deep market search using a mix of methodologies to identify key talent that could be utilised in this project, rapidly taking care of all screening and compliance requirements before they joined the clients project.

Vulnerable Customers

One of our clients, a consumer finance business, reached out to us as they were experiencing a substantial increase in the number of Vulnerable Customers and associated complaint cases. The scale of the increase and the need for specialist skills was beyond their existing resource.

We worked with the client to make a plan – we would supply a full team of 14 people to focus exclusively on the vulnerable customer cases.  We immediately contacted the contractors on the Kind Agile Solutions who we knew were available for a new project and had Vulnerable Customer expertise.

Because we had made sure to build up a pool of specialist Vulnerable Customer talent within Kind Agile Solutions, we were able to have a full team on site and working on cases within 10 working days from the initial contact. The client has repeatedly renewed the contracts of the team, with VC case numbers remaining high due to increasing vulnerability in the customer base, and our KAS team continue to be the core of the response strategy.

Collections : Case Study

A large, established motor finance company required additional support within their collections team to work with vulnerable customers in relation to their payment plans. Due to an ongoing relationship, the client reached out to Kind Consultancy asking for them to supply experienced interim Collections Consultants for a 12-month project.

Kind selected people from the King Agile Solutions bench who had a mixture of collections experience and complaint handling experience across Financial Services, combined with a history of working with vulnerable customers. The combination required for the project was a very specialised skill set and the client recognised that these are not people they would be able to find on their own quickly. When a second request came after the appropriate members of the Agile Solutions team were already with the client, Kind then conducted a full deep market search using a mix of methodologies to identify key talent that could be utilised in this project, rapidly taking care of all screening and compliance requirements before they joined the client.

Our contractors went through training and route-to-competency with the client and were fully operational and supporting the team within 4 weeks of the first request coming to Kind.  This has resulted in a significant number of customers being contacted and to get the specialised support they needed, whilst maintaining strong customer service for the client.

[Read the full series of Kind Consultancy Case Studies to learn about the different ways we help our clients achieve success]

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