According to the report published by Allied Market Research, the global debt collection software market accounted for $2.78 billion in 2018 and is projected to reach $5.66 billion by 2026, registering a CAGR of 9.4% from 2019 to 2026. Automation in the accounts receivable process, rise in multichannel collection models, and the need to reduce bad debt and optimize collection costs …
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