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Naperville, IL - July 7, 2022 - Provana, provider of the industry’s first unified platform for compliance and performance management, today announced a significant contribution to the Receivables Management Association International (RMAi) Legislative Fund. With its growth and maturity in the Receivables industry, Provana has taken a more active stance in support of overall industry initiatives. Provana recently invested in a significant partnership with The iA Institute and in the NCBA Subcontractor Oversight Program. Provana also continues a multi-year active investment as a provider of RMAi Compliance Audits.
“Provana is an important industry participant in credit and collections, providing solutions to many Receivables Management services businesses,” said Brian K. Williams, CEO of Crown Asset Management, LLC and member of the RMAi Board of Directors. “As Provana continues to grow and expand their services provided across the credit and collections industry, we appreciate their willingness and desire to give back to the overall ARM community.”
“Our business has grown out of the credit & collections industry,” said Sandeep Bhargava, CEO of Provana. “Whether it’s by providing reliable and cost-effective services to our clients, or world-class platforms to improve compliance, we are committed to the betterment of our industry. It’s only fitting that with our continued growth we should become more involved in advocacy initiatives.”
“In everything we do, the more we help the credit & collections industry succeed, the better for our company,” said Karen Powell, COO and Co-founder of Provana. “Especially with today’s regulatory pressure and macroeconomic climate, we need to support our industry’s strongest champions such as RMAi.”
About Receivables Management Association International
Receivables Management Association International (RMAI) is a nonprofit trade association representing more than 590 businesses that support the purchase, sale, and collection of performing and nonperforming receivables on the secondary market. The RMAI Receivables Management Certification Program and Code of Ethics set the global standard within the receivables industry due to the rigorous uniform standards of best practice which focus on protecting consumers. More information about RMAI is available at www.rmaint.org.
Provana’s compliance and performance management solutions are the first of their kind, providing effortless control over process-intensive and regulated operations. Available to large and midsize enterprises in the consumer finance, legal and healthcare markets, Provana technology is based on a decade of business process management (BPM), AI, RPA, regulatory compliance and secure data operation expertise. Provana BPM services operate in hundreds of client back offices. The Provana platform can be enabled with managed services and has modules for call analytics, consumer self-service, policies, procedures, disputes, complaints, internal & external audits, noncompliance resolution, licensing & insurance and BI for operational control. Learn more at www.provana.com.