Can AI Prove Its Value Before You Hire More Collectors?
Hiring has a visible output.Add ten collectors and an organization can count ten new employees. Their salaries, training
Adam Parks has become a voice for the accounts receivables industry. With almost 20 years working in debt portfolio purchasing, debt sales, consulting, and technology systems, Adam now produces industry news hosting hundreds of Receivables Podcasts and manages branding, websites, and marketing for over 100 companies within the industry.
Hiring has a visible output.Add ten collectors and an organization can count ten new employees. Their salaries, training
For decades, capacity in debt collection followed fairly simple arithmetic. More accounts required more calls. More call
Artificial intelligence has moved well beyond isolated experimentation.McKinsey's 2025 global AI research found that 88%
Automation is often sold with fewer manual processes, more self-service, faster interactions, and lower operating costs.
A customer's death completes a life. It does not automatically close every financial relationship attached to it.Account
A judgment is not a recovery; it is an opportunity to recover. That distinction could become increasingly important for
Consumers reported losing more than $12.5 billion to fraud in 2024, a 25% increase from the previous year, according to
U.S. student loan debt stood at $1.66 trillion in the first quarter of 2026, while 10.3% of balances were 90 or more day
A collection agency may have strong revenue, valuable client relationships, experienced leadership, and significant grow
Collection organizations routinely reach a point where an account appears to have exhausted its immediate recovery poten
Artificial intelligence has quickly moved from innovation labs into boardroom discussions. According to McKinsey's&
Artificial intelligence is reshaping nearly every aspect of financial services. According to IBM's Global AI Adoption In