Strike Date Optimisation, or SDO, uses intelligent software to determine when a customer is most likely to have funds in their bank account. The software will make use of client data to identify the three best strike dates, allowing businesses to debit client accounts on any of the given dates with a reduced risk of failed collections.
SDO is a once-off process and can be done in batch format, providing businesses with a list of 3 strike dates per client, or individually, running a single client’s ID to obtain the relevant strike dates.
This method of debit order collection proactively mitigates the cost of failed collection and increases collection success rates, resulting in increased revenue.