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Within a credit granting business, accounts receivable management (ARM) refers to policies and procedures for a company’s disposition of accounts receivable — or money owed on credit accounts — including measurements, aging, charge-offs, debt collection, and debt sales. ARM divisions increase the revenue of its parent company even though they are typically quite capital-intensive with state-of-the-art systems and extensive frontline staffing.
Accounts receivable management (ARM) can also refer to the industry that aids credit grantors in recovering debt before or after charge-off. This can include first and third party debt collection agencies, collection law firms, and debt buyers.
Content is king, and the king gets the gold. And yes, this applies to the debt collection industry as well. But how to you create content, and why even bother?
Here’s a ready-made, 9-month business blog plan designed to increase your company’s revenue with easy-to-create content.
Americollect received a top honor from the Chamber Manitowoc County: Large Business — Industry of the Year.
Just When You Thought It Was Safe to Go Back in the Potter! Here’s a weird one for you: a New Zealand man known legally as “the Wizard” claims that the past-due charges on an American Express account are not his, and that the Kiwi debt collectors calling to recover those dollars are barking up [...]
The study, conducted in Fall 2011, showed that the third-party debt collection industry returned $44.6 billion to clients in 2010 and kept $10.3 billion in commissions, for an aggregate commission rate of 18.8 percent. Compare that to five years ago, though, when debt collectors were enjoying an aggregate commission rate of 23.5 percent. What accounts for this unbalanced shift? We’re hoping for your comments.
Maybe the CFPB should consider a seldom-discussed dynamic that is an important driver for upstanding debt collection agencies: the role that creditors play in the behavior of their agency vendors.
Debtors’ prisons — long the milieu of Charles Dickens — are hot hot hot again this season. We look at three news stories trying to make it happen and the base article that spawned them all.
Items of interest from around the Web.
Bachmann & Associates wants to collect on a past-due account. The patient claims he canceled according to the policy. But anyone who thinks this is really about a past-due account is getting it wrong.
Free webinar on December 7 (PLEASE NOTE NEW DATE) to feature practical advice for how to comply with the impact of the 2011 FTC ruling on deceased debt collection.
Most of my conversations in the industry are with those individuals running the call centers who are aggressively striving for every bit of revenue they can get. If I had a dollar for every one of those individuals who expressed frustration over the frequent internal debates with their legal counsel about customer contact rules
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