Noncompliance with regulations and laws can cause legal action against companies resulting in huge monetary penalties and other formal enforcement actions. It’s clear that credit & collections companies must build a robust Compliance Management System...read more
You've reached the final stage of the legal collection life-cycle. You have an asset and you're ready to file a garnishment and for payments to start coming in. But for most firms, the wait is too long. Here are 3 reasons garnishments aren't paying you fast...read more
Provana will be participating in the NARCA conference October 11-14, 2017 in Washington, DC. Come visit us at Booth 134 in the Exhibit Hall, or click below to schedule a private meeting to discuss IDAP, IPACS, or our BPM...read more
According to the Federal Emergency Management Agency (FEMA), more than 40% of businesses never reopen after a disaster, and for those that do, only 29% were still operating after two years. Data recovery statistics are equally alarming. By some estimates, 70 percent...read more
Every company uses some kind of reporting, and we all want to use data to drive smart business decisions. So should you go it alone, or hire an expert? Here are 5 reasons you should jump on the Business Intelligence bandwagon. 1. How about making more money? If you...read more
Despite the fact that much of the credit & collections industry uses outsourcing for portions of their business, there are still a lot of misconceptions about how it works. Myth #1 – Clients will not allow use of an offshore partner for back office or collection...read more
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