InterProse Enhances Collections Technology with Beam Software Acquisition

InterProse Expands Its Reach in Collections Technology

In a landmark move that is set to reshape the collections technology landscape, InterProse, renowned for providing innovative web-based debt recovery software, has officially acquired Beam Software. This strategic acquisition, finalized in mid-December, underscores InterProse's commitment to broadening its capabilities and resources within the accounts receivable management (ARM) sector.

Beam Software, known for its tailored collections platform, brings advanced portfolio management and servicing functionalities specifically designed for debt buyers and servicers. By integrating Beam into its operational framework and product suite, InterProse aims to enhance the breadth of services available to its clients, ensuring they receive uninterrupted service and unwavering support. This merger promises to foster innovation and efficiency, signalling a new era of enhanced offerings for both companies’ customers.

Kyle Nelson, CEO of InterProse, emphasized the significance of this acquisition by highlighting its potential to fortify their position across the collections ecosystem. He stated, "This acquisition strengthens our ability to serve customers across the collections ecosystem. Beam Software has built an outstanding platform tailored to the needs of debt buyers and servicers. Combined with the robust automation, compliance, and configurability of the InterProse ACE platform, we now offer comprehensive, end-to-end solutions across the full debt lifecycle."

The synergy between InterProse and Beam Software revolves around shared values and goals aimed at delivering secure, scalable, and adaptable technology solutions in the collections industry. Customers of Beam Software can expect a seamless transition, with assurances of continuity in service, unchanged contract terms, and ongoing support from InterProse's dedicated team. This commitment to customer satisfaction is a priority for both organizations, reflecting their mutual dedication to leveraging technology for effective collections management.

Beam Software has established a stellar reputation for its cutting-edge tools that streamline key aspects of inventory management and servicing for debt buyers, solidifying its status as a leader in this niche market. On the other hand, the InterProse ACE platform is widely recognized for its comprehensive feature deployment, which caters to both third-party agencies and first-party recovery teams. Key functionalities of the ACE platform include cloud-native automation, omnichannel communication, and compliance-driven workflows, providing users with an all-encompassing toolset to optimize their debt recovery operations.

Tom Noble, CEO of Beam Software, shared his insights on the merger, articulating the enhanced benefits customers can anticipate: "Joining InterProse allows us to deliver more value to our customers by accelerating our product roadmap and improving our ongoing support. We share the same values of transparency, customer service, and smart technology. Together, we can help our clients grow faster with better tools, deeper insights, and more secure infrastructure."

In terms of operational continuity, leadership teams from both organizations have pledged to maintain the core workforce of Beam Software and utilize InterProse's comprehensive resources and infrastructure to foster growth and innovation. This collaboration illustrates a thoughtful strategy aimed at addressing the evolving needs of the collections technology marketplace.

About InterProse

Founded in 1996 and headquartered in Vancouver, Washington, InterProse has emerged as a leader within the ARM industry, delivering ACE—the most flexible and secure cloud-based debt collection platform available. The platform supports a broad range of users, including collection agencies, first-party recovery teams, legal collections, and government entities, and is engineered to empower organizations to modernize and streamline their debt recovery processes.

About Beam Software

Recognized for its focused software solutions, Beam Software assists debt buyers and sellers in managing portfolios effectively with precision and insight. With years of experience, Beam enables its clients to ensure clarity, control, and confidence in their portfolio management efforts.

Conclusion

The merger between InterProse and Beam Software represents a strategic evolution within the collections technology domain, promising to bring innovative solutions and unparalleled service to clients and stakeholders throughout the ARM industry. As these two industry trailblazers unite, their combined expertise is set to elevate standards and transform the landscape for debt recovery processes in the years to come.