Business Reporter: How Organisations Can Navigate the Ever-expanding Debt Market

Date : 26/03/2020 @ 11:01
Source : PR Newswire (US)

Business Reporter: How Organisations Can Navigate the Ever-expanding Debt Market

LONDON, March 26, 2020 /PRNewswire/ -- Debt-management services must prioritise client performance and support the client's purpose, says Qualco.

Europe's debt market is constantly evolving. Non-performing loan (NPL) portfolios have changed hands from the banking industry to service providers and investors, meaning debt portfolios have decreased.

So how are non-banking organisations successfully handling debt? Miltos Georgantzis, CEO and founding partner of debt management service provider QUALCO, explains that within the NPL industry, "the fair treatment of customers is crucial", and that trained people and advanced technology can ensure positive customer experiences.

But he also warns of the challenges for businesses navigating the debt market. "The biggest concern is maintaining flexibility while increasing ac­countability to the client," says Georgantzis, explaining that organisations ought to turn to a flexible and efficient software amid times of change and uncertainty. "Nowadays firms look for a central software solution."

A successful debt-management software environment will, says QUALCO:

  • Meet global reach requirements
  • Adjust to local behaviours and regulations
  • Enhance consistency
  • Have a strong IT and AI backbone

As the debt market rapidly shifts, well developed software can significantly improve the productivity of debt management.

To learn more how organisations can navigate the expanding debt market, read the full article here.

About Business Reporter 

Business Reporter is distributed with The Daily Telegraph, The Sunday Telegraph and City AM, with each publication reaching an average of 1.5 million people. 

Content is also published through the Business Reporter and teiss websites, which include video debates, online articles and digital magazines, delivering news and analysis on the issues affecting businesses to a global audience.  

Business Reporter also hosts conferences, breakfast meetings and exclusive summits, events which bring together some of the most influential decision makers and innovators in modern business. These exclusive events for business leaders give Business Reporter direct contact with readers and help to inform the content and direction of its editorial projects. 

Business Reporter is committed to the UN Sustainable Development Goals, and was the first UK member of the UN SDG Media Compact. We have launched a website dedicated to showcasing the work of companies towards these goals at 17globalgoals.com. 

Business Reporter is committed to providing meaningful analysis to everyone in business. Whether you're running a small business, the head of a local company or an executive in a multinational corporation, there's something for you at Business Reporter.  

www.business-reporter.co.uk 

About Qualco 

Qualco is a debt management software and solutions provider that helps organisations adapt to a rapidly changing debt landscape.

It offers technology-enabled services, focusing on all aspects of the debt collections and recoveries lifecycle.

https://www.qualco.eu/

Copyright 2020 PR Newswire

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