5 Reasons Why ARM Leaders Prioritize Compliance Audit and Control Processes to Boost Digital Transformation (sponsored)

A recent report from MIT Sloan Management Review indicates a strong correlation between companies actively engaged in digital transformation and their ability to succeed in the new economy. But only 48% of the report’s survey respondents agreed that their organizations are ready to compete in the digital economy. Creditors and third-party collections agencies have much to gain by advancing and even accelerating their digital transformation strategies, especially during times of uncertainty when many organizations curtail technology investments pending clearer visibility to the future business climate. Leading firms can capitalize on industry hesitancy caused by inevitable market shifts to extend their competitive edge.

Audit and control processes are vital debt collection and account receivables management activities that, when modernized, offer immediate, measurable, and long-lasting value to stakeholders and the business. Leading ARM organizations are, therefore, elevating the transformation of outdated compliance audit and control workflows to the top of the digital transformation priority list. Here are 5 top reasons why.

The Covid-19 pandemic has made 2020 an exceptional year for most businesses and, in many cases, a positive one. Leading debt collection and account receivables management organizations have capitalized on this disruptive period to expedite crucial digital transformation initiatives and ain a competitive edge.

View this content by subscribing

Please register to unlock this content

I already have an account. Log in