InDebted, an Australian company that made a huge splash this week by announcing its entry into the United States accounts receivable management industry through a huge acquisition and hiring some very well-known names to help guide it, raised nearly $8 million to fund its expansion. About two-thirds of the investment …
Read More »Provana Acquires Greenlight Office Solutions
February 8, 2021 | Chicago, Illinois — Provana, a leading provider of best-in-class technology solutions is proud to announce its acquisition of Greenlight Office Solutions. Greenlight, a boutique software development and consulting company is known for delivering custom automation solutions for companies within the ARM industry. Provana, headquartered in Chicago, …
Read More »Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S. Market & Announces Key Executive Hires
Sydney, Australia – 8th February, 2021 – InDebted, the Sydney headquartered fintech that specializes in digital debt collection for unsecured consumer debt, today announced that it has acquired Delta Outsource Group Inc. (Delta) in the USA to launch its product and service into the American market, and hired three key …
Read More »Video: How Empathy Boosts Collection Rates While Lowering Compliance Issues
There is a perception in the industry that compliance and empathy sit on opposite ends of a seesaw, and the ultimate goal for any collection operation is to find the balance between the two. But that is not necessarily the case. As Mary Shores and Judd Peak discuss in the …
Read More »Guest Post: Shore Up Your Collection Strategy for the Post-Pandemic Economy
EDITOR’S NOTE: The following article was originally published by Jamie Welsh at Harvest Strategy Group and is re-published here with the company’s permission. Charge-off rates on nearly all consumer loan products ended 2020 at historical lows as Americans adjusted their spending habits taking advantage of stimulus payments and overall new-found liquidity. Creditors have benefitted …
Read More »ARM Industry Veteran Promoted to President of Applied Innovation
February 1, 2021. Wenatchee, Washington. An ARM industry leader in technologies, geared to making companies more profitable and successful, Applied Innovation, enthusiastically announces the promotion of Harry A. Strausser III to President. In his new role, Strausser will guide the corporation into 2021, the company’s 20th anniversary, and beyond. New …
Read More »Report Spotlights ‘Robust’ M&A Activity in ARM Industry
The accounts receivable management industry was valued at $13.4 billion at the end of 2020, and grew at a rate five times faster in 2020 than it had in the preceding five years, according to a report issued by Corporate Advisory Solutions. This year could be just as big for …
Read More »Training Bytes: How To Build Challenges That Improve Collector Performance
How can one “C” help a “C” build three other “C’s”? The answer is in this week’s Training Bytes video with Mary Shores. In this episode, Mary is joined by Roxie Olivero-Winfield, the training manager at Midstate Collection Solutions, to talk about the benefits of implementing weekly challenges to help …
Read More »Crown Asset Management Announces the Promotion of Five Team Members
Duluth, GA – January 25, 2021 – Crown Asset Management, LLC (CAM) Today Announced the Promotion of Five Team Members. Linda Dameron has been promoted from Accounting Manager to Director of Consumer Accounting. Since joining CAM in 2011, Linda has overseen Consumer Accounting, worked with Post-Sale Support Teams and worked …
Read More »CFPB Experiment Illustrates How Much of Their Savings People are Willing to Use to Pay Down Debt
If you had $5,000 in credit card debt, and a random amount of savings between $1,000 and $10,000, how much of that savings would you use to pay down that debt? That was the hypothetical question that researchers at the Consumer Financial Protection Bureau put to consumers recently, seeking to …
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