Waterfalling data is a proven strategy for enhancing right-party contact (RPC) rates, particularly when dealing with larger volumes of data. This method not only minimizes costs but also significantly increases data accuracy. By beginning with the most basic and cost-effective data batches and progressively using more advanced queries, you can obtain the precise information you need while keeping expenses in check.

However, waterfalling data can be challenging if not executed properly. Common pitfalls, such as inadvertently reprocessing data, can lead to unnecessary costs and wasted time. To maximize the effectiveness of your data waterfalling strategy, follow these essential tips:

Scrub your data

Before you begin waterfalling, it’s crucial to perform a comprehensive data scrub. Remove any duplicates, incomplete entries, or any incorrect data. Running searches on faulty data is counterproductive and can waste both time and resources. Ensure that your data is clean and accurate before starting your waterfall.

Batch the bulk

Upload a CSV file containing your debtors' names, known addresses, and historical phone numbers to your data provider for a batch append. Within as little as one hour of upload, you can receive a customized listing of additional RPC information. This allows you to start making contact almost immediately.

After processing the initial batch, continue the process with no-hit records by using a higher-tiered data provider. Repeat this until you have exhausted all no-hit records. This tiered approach ensures that you maximize the data acquisition efficiency and accuracy.

Multi-task

Leverage data providers, like Delvepoint, that allow for simultaneous batch and individual searches through a single interface. Start with the most cost-effective search options and, if needed, move to more advanced data sources within the platform. This multi-tasking approach helps you efficiently utilize available resources and improve overall contact rates.

By implementing these strategies, you can enhance your right-party contact success rates while managing costs effectively. Mastering the art of data waterfalling not only boosts accuracy but also streamlines the process, making your data acquisition efforts more productive and cost-efficient.

*Standard returns are one hour. Times may vary based on provider.