AI Significantly Boosts Annual Recurring Revenue in Debt Collections Industry, Affirming Its Impact

receeve, a leading provider of AI-powered solutions for collections and recovery, today announced that its Annual Recurring Revenue (ARR) has multiplied, signifying a major milestone in the company’s growth.

Paul Jozefak, Co-Founder & CEO of receeve, commented, “This milestone is a reflection of the value our technology brings to the debt management industry. We’re thrilled to have helped our customers and partners build data-driven collections teams that improve consumer experiences and increase revenues.”

Notably, receeve has not only multiplied ARR but has also outpaced competitors in the industry, leading to an increase in market share and positioning the company as an industry leader. The innovative, AI-powered solutions have enabled receeve to remain on its projected growth trajectory, while driving digital transformation and innovation in debt management.

Jozefak concluded, “We’re looking forward to continuing driving innovation and change in the industry for many more years to come.”

receeve offers a fully customisable, cloud-native, no-code platform that is designed to be fast to deploy, simple to manage and easy to customise and expand. It helps to simplify the complexity of data and systems, and enables in-house teams to automate processes, engage customers and apply 360° insights to maximise recovery and minimise risk.

For more information, visit www.receeve.com.