ECHO EMISSARY

Glossary

Promise kept rate (PTP kept)

The promise kept rate is the percentage of promises to pay where the debtor actually paid the promised amount by the promised date.

How it is calculated

PTP stands for promise to pay. Each promise is recorded with a date and an amount. Once the date arrives, someone checks whether the payment came in.

The formula: the number of kept promises divided by the number of promises that fell due during the period.

An illustrative example: in a week 200 promises fell due, and for 130 of them the payment arrived on time. The promise kept rate is 65%.

Decide in advance what counts as kept: the full amount or any payment, exactly on the date or with a one-day tolerance.

Why it matters

The number of promises collected is easy to inflate. A client will say “I’ll pay on Friday” just to end the conversation. The kept rate shows how real those promises are.

For a manager it is a mirror of each agent’s work. If someone collects many promises but few are kept, they are probably not agreeing on a realistic date and amount. They are simply ticking a box.

What to do

Record a promise only with a specific date and amount. Send a reminder the day before and check on the day. Review a broken promise immediately and set the next step.

Compare the rate across agents, segments and channels. Where promises are kept more often, study how those conversations are run and carry that into the script.

A common mistake is paying bonuses for the number of promises. Reward the ones that are kept.

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