Collections & Recoveries

Arum announces third consecutive year of double digit growth

Arum announces third consecutive year of double digit growth


Arum, the boutique consulting business, is pleased to announce further successful growth, with a 14 per cent revenue increase for the financial year 2015-16.

This substantial organic growth was driven primarily by larger long-term contracts in the debt collections and recoveries systems integration consulting part of the business. This was particularly marked in the retail banking and utilities sectors in UK and Ireland.

The year also saw Arum add more team members to its Business Consulting, Systems Consulting and Software teams, further extending our capabilities and capacity.

Arum won a number of key client-side advisory and systems integration projects in the year, resulting in providing consulting subject matter expertise and hands-on input into debt collections and recoveries transformation projects in a number of major national and international companies. Engagements included full scale operating model reviews, major transformation programmes and systems integration work including on FICO’s Debt Manager Version 9 and Experian’s Tallyman.

Aleks Tomczyk, Arum’s Chief Executive, said:

It was great to see further successful growth which is a direct result of all the hard work by the team. I am also very positive about the future as the depth and breadth of our capability in collections and recoveries is unique and much in demand, and our software team continues to be a key enabler of productivity and strategy for our clients.

Andy Pritchard, Director of Professional Services, added:

Whilst the year just gone was positive in its own right, the work done and increased capabilities give us a fantastic springboard to the future. We are right on track with further growth in the new financial year.

~ends~

 

Note to Editors

About Arum

Arum Systems Ltd (Arum) is a boutique consultancy based in London, Edinburgh and Dublin, providing independent and specialist solutions to an international, primarily blue-chip, client base in banking, power, water, BPO and financial services sectors.

Arum’s Debt Collections and Recoveries consulting team is focussed on assisting clients improve their business performance by treating the customer fairly, being compliant with legislation, improving cashflow and decreasing profit and loss account charges for bad debt. Arum’s unique vendor-independent expertise in the space includes strategy, operations, data, analytics, communications channels and very strong systems capability.

Arum is an independent, privately owned, small to medium-sized enterprise (SME).

Website: www.arum.co.uk

For further information please contact us:
+44 (0)870 383 1980 or +44 (0)7502 308949 or at contact@arum.co.uk