Challenging Times Lead to Innovative Solutions in Debt Recovery

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The collections industry is experiencing challenges like never before

Accounts receivable management is facing several challenges today that can seem impossible to overcome and out of the companies’ control. Some of the most common problems are hiring in the midst of historically low unemployment, rising wage rates, the reduction of client fee rates, and the rising cost of compliance. In order to meet and overcome these challenges, companies must think outside the box and use innovative solutions to drive business forward. Mike Frost, Partner at Malone Frost Martin PLLC, discusses his in-depth view of the problems and how technical solutions could be the answer that the ARM industry needs.

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