Receeve

6 Best Practices to achieve Collections Agility

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Financial institutions must prioritise one thing above all else: agility. The pace of change is rapidly accelerating year on year. The Covid-19 pandemic brought about two years’ worth of digital transformation in just two months. How consumers behaved, and what they expected from their financial institutions, changed almost overnight. Only the most agile of financial institutions can hope to keep up moving forward, adapting and refining their operations to meet consumers’ evolving requirements. Consider the… Read more

Why is Debt Collection an Urgent Topic for Utility Companies?

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We’re currently in the midst of a global energy crisis. Adverse weather conditions, the war in Ukraine, and rising inflation mean oil, gas, and electricity prices have reached multi-year highs. Consumers around the world are struggling to pay their utility bills, with many falling into arrears. Energy inflation rate continues upward hike, hits 27% (Source) Consider the following figures: In New York, arrears for electricity and natural gas consumers doubled between March 2020 and July… Read more

6 Ways to solve Your Collections Pain Points

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The collections industry has evolved significantly over the past decade, with the introduction of the cloud, omnichannel communication channels, and artificial intelligence (AI) all having a profound impact on the sector.  But many collections departments still face significant challenges on a daily basis.   56% of departments will be working on an increasing number of accounts during the coming year (2022). A staggering 21% of departments (over two in ten) still do not use any form of… Read more

Thinking like a fintech: advice for collections

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Paul Jozefak, CEO of Receeve talks about some of his views and approaches to blending the best thinking from fintech into the Collections industry; how this can be transformational and what to think about first. See the full interview and find out more about Receeve-> Here.

Receeve: Product demonstration

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We’re thinking in 12 month cycles now

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Paul Jozefak CEO of Receeve talks about the knock on effects from the pandemic on the economy.It is the indirect impacts 2 or 3 levels in that are going to be hard the predict and will take time to play out, for customers and the collections industry. See the full interview and find out more about Receeve-> Here.