Credit Collection and Collection Agency Services Sourcing and Procurement Market Intelligence Report

Credit Collection and Collection Agency Services Sourcing and Procurement Market Intelligence Report

  • May 2018 •
  • 70 pages •
  • Report ID: 5796237 •
  • Format: PDF
About Credit Collection and Collection Agency Services Market
Collection agencies collect debt on behalf of creditors for a fee or percentage of the total amount owed. Debt collection services is an essential part of businesses that lend money to their customers. The credit collection and collection agency industry is growing significantly across the globe due to the growth in retail debt and delinquency rates. Also, a lenient approach toward lending adopted by financial institutions and banks has increased the number of debts, higher credit card balances, and low savings rates. This market will witness an accelerating spend momentum owing to the increasing offering of business credit and the extension of business credit in terms of both volume and tenure among the end-user industries.

Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Credit Collection and Collection Agency Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

The report, Global Credit Collection and Collection Agency Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver
• The rising pressure on the BSFI sector for reducing their NPA
• For a full, detailed list, view our report
Category management strategy
• The use of technological innovations such as data analytics
• For a full, detailed list, view our report

Procurement best practices
• Evaluate and benchmark credit collection process and qualification of suppliers’ staff
• For a full, detailed list, view our report

Key questions answered in this report
• What are the market dynamics?
• What are the key market trends?
• What are the category growth drivers?
• What are the constraints on category growth?
• Who are the suppliers in this market?
• What are the demand-supply shifts?
• What are the major category requirements?
• What are the procurement best practices in this market?

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