Lateral continue to expand their local authority portfolio through the establishment of a new partnership with Reigate & Banstead Borough Council. Lateral’s industry-leading automation software will serve the council in its pursuit of sundry debt and corporate debt recovery.
With debt recovery technology playing an increasingly critical role in every aspect of business, organisations are beginning to recognize the need to accelerate the development of digital collections solutions to ensure they remain on the competitive vanguard. Lateral’s Co-Founder and CTO, Ian McManus, comments on the partnership:
“Our partnership with Reigate & Banstead Borough Council is a powerful combination. We look forward to conceiving, designing, and building the next generation of transformative debt recovery software for them in their management of sundry debt and corporate debt. We’re delighted to announce this partnership!”
Sundry debts are defined as any invoice which covers chargeable services the council provides for its residents. This could include trade waste, adult social care charges, funeral costs and commercial rents. Lateral’s cutting edge software provides a complete solution for the management of sundry income for local authorities of all sizes. With local councils and local authorities facing ever-changing challenges like evolving regulatory requirements, Lateral consistently develop strategies, responds to market changes, and ensures consistent regulatory compliance.
Lateral’s agile and flexible design also serves corporate debt recovery. The software has been proven to increase workflow efficiency, reduce costs and maximise profits.
This new partnership with Reigate & Banstead Borough Council comes at a busy time for Lateral, who continue to expand their portfolio of clients across multiple sectors. The value of the international debt collection software market is predicted to grow from USD 2.9 billion in 2019 to USD 4.6 billion by 2024. Lateral’s automated processes, and their use of multichannel collection models, have boosted their success and growth worldwide.
About Reigate & Banstead Borough Council
Reigate & Banstead Borough Council administers their £73 million budget to their residents via the provision of waste collection services, street cleaning, planning, environmental health and housing. They also fund parks, open spaces and leisure centres, amongst other services. The council currently serves a population of 149,000, and there are 61,430 homes in the borough.
About Lateral
Founded in 2009 in Cheltenham, UK, Lateral’s solutions have been engineered to manage multiple debt categories, and automate business operations to maintain maximum productivity for their clients. Lateral’s debt recovery and debt collection software is highly scalable, flexible and automated. Get in touch today and enjoy a free trial.