Top 10 Account Receivable Consulting/Service Companies - 2020

The Quintessential Technology Source for Corporate Financial Professionals

Workiva Inc.: Redefining Innovation in Reporting and Compliance

Top 10 Account Receivable Consulting/Service Companies - 2020

Industry trailblazers are continuously looking forward to solutions that are adaptable to changing trends and market requirements. Cost savings, improved cash flow, and a decrease in manual errors are the determinants of any organization’s financial health. With pliant and forward-looking technology, businesses can maximize their cash flow and concentrate on making critical decisions backed by reliable data. In order to control account receivable systems, it is necessary to fabricate a long-term and outcome-based process. As the prosperity of the digital transformation of account receivable relies on seamless implementation and integration of novel technology with the company’s existing technology, finance professionals should emphasize automating account receivable to streamline daily operations and manual tasks.

It is also essential to keep up with the latest account receivable trends, as it allows organizations to take advantage of the latest developments in the industry. One of the most prominent trends that is growing with time is personalized communication. Collecting overdue payments is no easy task; when done inappropriately, poor communication can lead to customers losing their trust in a brand. This is why personalized solutions are increasingly becoming popular. A solution bespoke to customer preferences improves customer relationships and helps maintain good communication.

Similarly, customers now prefer completing their purchasing transactions online, and vendors are also providing them a variety of payment methods. This helps organizations to get paid quicker and reduce bad debt. With a flexible payment system in place, customers can effortlessly access invoices and send payments. These payment options can include credit or debit cards, online payments, checks, money orders, cash, or payment plans.

To gain the advantages of such technological advancements has compelled organizations to adopt account receivable solutions and services. This edition of CFO Tech Outlook has compiled a list of leading account receivable solution and service players to help companies navigate the best-of-breed service and solution providers. The enlisted organizations are transforming processes and services at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you CFO Tech Outlook’s “Top 10 Account Receivable Consulting/Service Companies - 2020.”

Top Account Receivable Consulting/Service Companies

Financial Recovery Services offers comprehensive custom collection and receivables management solutions to mid-large sized organizations that already possess some type of collection or receivables management platform

www.fin-rec.com

Southwest Recovery Services is a nationally recognized full-service collection agency headquartered in Dallas. The company specializes in recovering consumer debts, corporate debts, and court-ordered judgments, all at a local, national, and international scale. Southwest holds extensive experience in working with medical service providers, apartment communities, and all types of credit lending organizations. The firm’s expert agents leverage AI and machine learning capabilities to deploy several proven, ethical strategies to enhance cash flow and financial predictability for clients, saving their time and resources. Southwest Recovery Services is committed to help businesses of all sizes recover funds quickly while adhering to regulations and laws. Acting as an extension to the client’s existing accounts receivable department, Southwest ensures that clients receive payments continually and consistently without accumulating bad debts

swrecovery.com

Summit A•R, with its 25 years of experience in the revenue cycle management industry, assists its clients in claiming their hard-earned revenue and assets in the most efficient, ethical, and cost-effective manner. Their expertise includes developing specialized teams that address clients’ unique challenges more cost-effectively than can be done in-house. The company attributes its success to committed and long-term professional employees—coupled with leading-edge technology— and a proven process, that has developed a stable of very satisfied blue-chip clients

summitcollects.com

A.R.M. Solutions

A.R.M. Solutions

Offer a full continuum of care and provide comprehensive discharge plans to aid in the success of our patients’ recovery

Advanced Recovery Systems

Advanced Recovery Systems

The formal definition of addiction once included a reference to illegal behaviors. In order to spot an addiction to alcohol, for example, clinicians would determine how often a person had been arrested due to being drunk in public, or they'd ask how often the person had slipped behind the wheel to drive while under the influence of alcohol. This distinction was considered important, as it proved that people who had these addictions were willing to do anything, including breaking the law, in order to get what they wanted

Client Services, Inc.

Client Services, Inc.

Client Services, Inc. (CSI) was founded in 1987 in the heartland of America. Steadfast on Midwestern values, CSI quickly established a reputation for providing superior quality and consistent performance. From its inception, CSI has paid special attention to attracting and retaining outstanding talent. As a result, CSIâ€s workforce is comprised of individuals with the drive and determination required to flourish and succeed in a competitive environment

Corformance

Corformance

Corformance is a leading provider of Recovery Audit Solutions and Business Transaction Assurance, specializing in audits of Accounts Payable (AP) and Accounts Receivable (AR) transactions. Corformance takes great pride in providing the most technologically advanced solutions in the recovery audit industry. Our knowledge workers employ advanced algorithms to identify anomalies and isolate errors within your transactional data. Our methods are designed to identify AP and AR errors, fraud, or inefficiencies and show you how to mitigate future risk. Our software solutions are powerful, flexible, fully customizable (rules-based), and built from ground up to adapt to your unique business processes

DataSearch Inc.

DataSearch Inc.

DataSearch Inc. is a premier, full-service account receivable management and collection firm that performs work throughout the United States. Being an exclusive provider of medical accounts receivable gives DataSearch extensive knowledge of what it takes to work in a hospital environment. DataSearch will perform all phases of insurance denial, including the audit, appeal, and any required follow-up

Dynamic Recovery Solutions

Dynamic Recovery Solutions

DataSearch Inc. is a premier, full-service account receivable management and collection firm that performs work throughout the United States. Being an exclusive provider of medical accounts receivable gives DataSearch extensive knowledge of what it takes to work in a hospital environment. DataSearch will perform all phases of insurance denial, including the audit, appeal, and any required follow-up

Stuart Lippman and Associates

Stuart Lippman and Associates

Stuart-Lippman and Associates is a nationally recognized agency providing collection, subrogation, arbitration and accounts receivable management solutions to insurance providers, financial and commercial clients. Stuart-Lippman and Associates is a professional debt collection agency