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Top 10 Account Receivable Service Companies - 2021

Technology is radically revolutionizing the realm of account receivables with the promise of a steady flow of cash into businesses. Robust, high-quality account receivable services enable businesses to run more efficiently, effectively, and profitably. As such, CFOs are looking for innovative technology solutions to optimize account receivables and strengthen working capital.

 

All the way from efficiently designing the invoicing system to preparing detailed accounts receivable reports, the latest account receivable services are at the forefront of helping businesses accelerate collections. On the other hand, account receivable automation solutions coupled with predictive analytics and machine learning capabilities help enterprises predict which clients and vendors will be most inclined to make late payments, fall behind on past-due invoices, or other risks. At the same time, advanced account receivable software allows businesses to send out payment reminders to customers,identify pending invoices, and provide easy payment channels.

As such, the technological progressions in the arena are opening up a universe of new possibilities for account receivable solution providers and service companies. This implies that enterprises looking for companies providing robust account receivable solutions and services have to choose from a plethora of options.

To make this task easier and assist leaders in identifying the right account receivable solution providers and account receivable service companies, CFO Tech Outlook presents to you, “Top 10 Account Receivable Service Companies 2021.”

    Top Account Receivable Service Companies

  • NCS

    NCS

    Since 1970, NCS has been the industry leader throughout the U.S. and Canada in collections, mechanic’s liens, and UCC filings. NCS collaborates with clients to devise the best tools, integrate them into businesses workflows, and make sure they’re secure, efficient, and easy to use. More importantly, NCS provides support throughout the entire process. NCS assists with proactively securing receivables through the UCC and Mechanic’s Lien processes. Then, if recovering payment becomes a challenge, NCS provides collection services; ultimately covering its clients throughout their AR life cycle. Whether clients are working directly off a proprietary spreadsheet or are ready to connect with NCS’ robust, customizable API offerings, the company ensures its tools deliver maximum performance and efficiency

    www.ncscredit.com

  • Alorica

    Alorica

    Alorica is the digital CX partner of choice for innovative companies all over the world. The company delivers excellent customer experiences—with the best technology and processes to bring them to life. From acquisition and sales to customer care and support, Alorica provides a host of world-class services, including logistics and fulfillment. The company is proud to passionately serve clients as diverse as the company itself — automotive, financial services, healthcare, retail, and tech companies, many in the Fortune 1000. Alorica is headquartered in Irvine, CA, with more than 100,000 employees in 100 locations across the globe.

  • Atradius Collections

    Atradius Collections

    Atradius Collections provides trade invoice collection services in 96% of the countries across the world. Its wide breadth of services, ranging from managing accounts receivables to legal collections, helps companies around the globe recover unpaid invoices. Atradius Collections forms part of Grupo Catalana Occidente (GCO.MC), one of the leading credit insurers in Spain and worldwide. Atradius Collections is part of a well-established global business that has been promoting secure trade through quality credit insurance and credit management services for more than 90 years.

  • Encore Capital Group

    Encore Capital Group

    Encore Capital Group is a global specialty finance company with operations and investments across North America, Europe, Asia, and Latin America. Through its subsidiaries around the globe, Encore purchases or services portfolios of receivables from major banks, credit unions, and utility providers. Customer service and regulatory compliance are at the heart of the business and are implemented through its collections strategy. Encore's mission is to go the extra mile for its consumers, clients, colleagues, and investors.

  • Financial Recovery Services

    Financial Recovery Services

    Financial Recovery Services provides comprehensive custom collection and receivables management solutions to mid-large-sized organizations that already possess some type of collection or receivables management platform. The company's services are meant to complement and add value to its existing processes. By utilizing its services, organizations are able to focus on their core business segments and leverage their efforts resulting in greater efficiencies. The company's ability to deliver cost-effective services by leveraging its state-of-the-art infrastructure and highly trained workforce has helped it become a leader in the industry.

  • GC Services

    GC Services

    For over six decades, GC Services has earned a solid reputation as being a trusted provider of contact center services. The company's customer care accounts receivable management and back-office solutions are not designed as a one-size-fits-all but instead are tailor-made to specific measurements with the ability to expand when necessary. The company has invested in developing its employees to provide a customer experience that protects your brand. By leveraging its industry experience, dedicated agents, and tenured management teams, the company brings value to brands by providing an excellent customer experience with every interaction.

  • IC System

    IC System

    IC System is a privately held accounts receivable management firm founded in 1938 on the principle of ethical collection practices. Now in its third generation of family ownership, the company's purpose is to make collections better. Headquartered outside of St. Paul, Minnesota, the collections company's purpose remains very much the same today as in 1938. The company's representatives use the most ethical and consumer-friendly practices, helping to maintain the relationship that clients have built with their customers while also providing its clients with the results they need.

  • iQor

    iQor

    iQor creates meaningful connections by employing people with heart and technology with purpose. The company engineered its CX private cloud technology platform to support diverse business needs on-demand through the promise of a people-first culture and innovative technology. The company offers real people, performance excellence, and amazing technology that evolves at the speed of happiness. iQor is guided by a strong and diverse group of professionals who are invested in its customers, employees, and owners.

  • PRA Group

    PRA Group

    Founded in 1996, PRA Group was established with a vision to create a professional business in the nonperforming loan industry. Specifically, the goal was to build a company that treated customers fairly and with respect, met high levels of compliance and reliability and created rewarding careers for its employees. Over the past 20 years, PRA, through its subsidiaries, has grown to become one of the largest acquirers of nonperforming loans in the world, with thousands of employees worldwide.

  • Prestige Services

    Prestige Services

    Prestige Services offers a unique accounts receivable management service that caters to B2B customers. Above all, the company is extremely professional and diplomatic. PSI understands that collecting money involves extensive knowledge of the commercial collection industry coupled with the ability to persuade your debtors to pay. The company has been in business for over 26 years now and has over 65 years combined experience.