Accounts Receivable Management Industry Poised for Continued Growth.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c19102) has announced the addition of The Kaulkin Report: Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying Management: A Growth Industry to their offering. The Kaulkin Report, published in April 2005, details the state of the debt collection industry, including the key drivers of development, assessment of market sectors, and finally an outlook of the future of the industry, including the affects of pricing trends, mergers and acquisitions, and globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation . The Kaulkin Report has been the authoritative report for the collection industry and many have referred to it as the "industry bible", a must-have for those interested in expediting their education on the industry or for those seeking to stay current with the affairs of the industry. Who Should Buy This Report --Collection agency owners, executives, sales people and operators who seek a better understanding of the competitive landscape --Investors and analysts seeking a broad overview of the ARM industry --Vendors seeking strategic insight into market forces impacting the industry The U.S. accounts receivable management (ARM) industry includes approximately 6,500 companies that generated $15 billion in revenues in 2004, having grown at a compound annual rate of roughly 4% between 2000 and 2004. While public companies, private equity-backed firms and divisions of Fortune 500 companies compete in this industry, at least 95% of its companies generated revenues less than $8 million in 2004. At more than 80 pages the Kaulkin Report 6th Edition details the state of the industry, including the key drivers of development, assessment of market sectors, and finally an outlook of the future of the industry, including the affects of pricing trends, mergers and acquisitions, and globalization. --Size and growth of the contingency contingency n. an event that might not occur. , debt buying, first party and legal collection markets --Trends in debt levels, offshoring
Offshoring describes the relocation of business processes from one country to another. , technology vendors, mergers and acquisitions --Legal and regulatory framework, including related enforcements and lawsuits --Record amounts of personal, business and government debt held in the U.S. --Cost savings that have been realized by large U.S. collections agencies --Record volume of mergers and acquisitions in the industry The report is broken down as follows: Industry Drivers Opportunities and challenges in the industry are based on five broad forces: Credit Economy: Outstanding consumer, business and government debt exceeded $24 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. at the end of 2004, having grown 75% annually between 2000 and 2004. M&A: The industry is witnessing historic levels of deal activity, with $15 billion changing hands in 54 industry transactions during 2004. Offshoring: The globalization of labor markets labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience is reshaping the ARM industry, with companies moving offshore realizing net cost savings of up to 40% per seat. Vendors: A growing number of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. technology products and services from more than 200 suppliers are available to companies in the industry. Legal Framework: A complex system of laws, regulations and related requirements has led to an increasing number of regulatory enforcements and debtor One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. lawsuits. Markets These industry drivers have had different impacts on markets in the ARM industry: Contingency: Companies providing third party collection services generated $95 billion in revenues in 2004. Debt Buying: One of the highest profile and most dynamic parts of the ARM industry, 2004 revenues from debt buying are estimated at $3 billion. First Party: With offshoring pressures on smaller companies offsetting growth for multinational firms, first party collections amounted to $18 billion in 2004. Collection Law Firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
Outlook Competition within and between these markets suggests some likely developments: Pricing: Contingency agencies will witness downward pricing pressure while debt buyers see fluctuations in the prices of debt portfolios. Firms with demonstrated expertise collecting specific types of debt will best weather changes in pricing. M&A: Strategic acquirers and financial investors will fund most deal activity in the industry during the upcoming period of consolidation. Offshoring: The ARM industry will continue to globalize glob·al·ize tr.v. glob·al·ized, glob·al·iz·ing, glob·al·iz·es To make global or worldwide in scope or application. glob , leading not only to lower labor costs, but also to the collection of new types of accounts in the U.S. and abroad. Confluence: Customer relationship management and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in companies will provide more ARM services, requiring larger ARM companies to alter their competitive strategies in order to compete effectively with these new entrants. In sum, the ARM industry is large, diverse, sophisticated and poised for continued growth. For more information visit http://www.researchandmarkets.com/reports/c19102 |
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