Kaulkin Ginsberg Company Releases an Important Report Detailing the State of the Accounts Receivable Management Industry in Q1 2020

GERMANTOWN, Md. - Despite starting 2020 on strong footing, the U.S. economy has almost certainly plunged into recession due to the coronavirus pandemic, also known as COVID-19. Even as states begin to reopen, consumer demand is frozen and supply chains are disrupted. Businesses in every industry, including accounts receivable management (ARM), continue to face significant obstructions to normal operations. There is no doubt that what was the longest economic expansion ever recorded has ended.

To better understand the depth of the recession and its impact on the ARM industry, Kaulkin Ginsberg reviewed recently released economic data and surveyed ARM companies of all sizes and market verticals. Specifically, the report examines:

When asked about the report, Mike Ginsberg, president & CEO of Kaulkin Ginsberg Company stated, “ARM companies face numerous headwinds as they enter the second half of 2020, including reduced placement volumes, sustained high levels of unemployment, the possibility of no additional government stimulus, extended periods with no credit reporting or wage garnishments, and extended restrictions on collecting in specific regions. We wanted to release a report that offers tangible data to help executives make critical operational decisions in these turbulent times.”