Home / Daily Digest / Daily Digest – May 7. Gies Shares Ideas as New President of VoApps; M&A Activity Heats Up in ARM Sector

Daily Digest – May 7. Gies Shares Ideas as New President of VoApps; M&A Activity Heats Up in ARM Sector

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

 

GIES SHARES IDEAS AS NEW PRESIDENT OF VOAPPS

  • George W. Bush famously wanted to be known as the “education president.” Paul Gies has something similar in mind now that he has been named the president at VoApps. Gies was promoted last week at VoApps, a provider of direct-to-voicemail solutions used by collection agencies to communicate with individuals.

 

M&A ACTIVITY FOR ARM INDUSTRY HAS ROBUST FIRST QUARTER OF 2018

  • The ARM industry had its most active quarter in nearly a year during the first three months of 2018 for merger and acquisition deals, according to data released last week by Corporate Advisory Solutions. There were 10 deals completed during the first quarter of 2018, representing $1.4 billion in enterprise value. That is just the second billion-dollar quarter in the ARM industry in the past three years, according to CAS’s data.

 

COLLECTION AGENCY OFFERS MATCHING COLLEGE SAVINGS PLAN TO EMPLOYEES

  • Americollect, a collection agency based in Manitowoc, Wisc., has announced the creation of a college savings program for its employees. The college savings plan, known as a 529 College Savings Plan, will be available to all company employees following 90 days of employment with the agency.

 

FLEXIBLE PAYMENT PLANS CAN HELP INCREASE COLLECTION EFFORTS

  • The best payment plans are standardized ones where everyone — the agency, the creditor, and the individuals — know what is expected of them, according to a published report. There is a need for flexibility, but also a need for ensuring that organizations are doing what they can to try and get debts repaid.

 

R.I. GOVENOR CANDIATE AVOIDS CIVIL ARREST WARRANT, BUT NOW FACING EVEN BIGGER DEFAULT JUDGMENT

  • Giovanni Feroce, who is running for governor of Rhode Island and found himself on the wrong side of a civil arrest warrant last week for failing to appear before a judge to answer questions about why he had not made any payments on a default judgment has fixed that problem, but is now facing another judgment. There was no indication how much of a payment was made on the $8,000 judgment, and Feroce has refused to answer questions about the debt, calling it a misunderstanding.

 

A CAUTIONARY COLLECTION TALE 

  • Here is an interesting collection story from the other side of the ocean. Kenneth Harkins had a mobile phone and paid about $13.50 per month. But Harkins, who is 88 and suffers from dementia, stopped using his phone. When his family tried to cancel the contract, they were not able to, because they did not know the password that Harkins put on his account when he signed the agreement. Harkins could not remember the password either.

 

WORTH NOTING: Lyme disease is on the rise again … The ‘Mountain’ is the world’s strongest man … A 13-year old boy who had been brain dead for 10 days miraculously woke up after his parents signed paperwork to donate his organs … New York City restaurant owners are fighting back over a $15 minimum wage … Registering for matching plates is so last century … More restaurants are going to start posting calorie countsSeven productivity tools you probably haven’t heard of … The floor really is lava right now in Hawaii … The most expensive housing market in every state … How to dress like a tech billionaire on the cheap … A record number of women are running for office … Why you should never accept the counteroffer when you resign.

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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

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