Daily News: December 6, 2017

A/R Recovery Expert Launches Commercial Collection Firm

Paul Rome, an expert in the recovery of accounts receivable, formed the firm Paul Rome and Associates (PRAL) to specialize in commercial collections and maximize account recoveries for clients. PRAL will serve corporate clients, banks, alternative lenders, turnaround firms and attorneys through a full suite of liquidation and management services.

Specific services will include accounts receivable liquidation, back office and accounts receivable management, consulting and expert testimony. PRAL will also offer invoice verification services for financial institutions to ensure the invoices they are lending against are valid receivables. The firm’s professionals will leverage their institutional expertise in commercial collections, commercial law, insolvencies, banking and business operations to improve client recoveries and cash flow.

“I’m very excited to launch this new platform with a team of seasoned professionals,” Rome said. “Our clients rely on us because we move quickly to help them reduce bad debt losses, accelerate cash flow and lower their overall accounts receivable management costs.”

Over the course of 35 years, Rome led liquidations and outsourcing projects for financial institutions. He most recently served as CEO of University Management Associates & Consultants, an Atwell Company.