Receivables Info Executive Spotlight with Mike Colby

Mike Colby is a Solution Sales Representative for the DRN Data services to the ARM Industry. Mr. Colby joined the team in 2022, bringing over forty years of experience and executive leadership in the accounts receivables management industry. He has built long-term relationships and invested time with multiple major industry participants, sourcing acquisitions and developing successful, sustainable, and strategic business partnerships. He also served as an RMAI Board Member from 2019-2023.

Name: Mike Colby

Company: DRN Data

Title: Solution Sales Representative

“Good things happen to good people.”

Name: Mike Colby

Company: DRN Data

Title: Solution Sales Representative

“Good things happen to good people.”

What is your favorite part of working at DRN Data?

Working with a great team that is experienced, knowledgeable, always willing to pitch in and just a great group of people.

In the receivables industry, what emerging trend has your attention?

The amount of Artificial Intelligence that is being developed and used to manage and recover on  accounts receivable.

What industry change do you predict over the next 5 years?

Technology will continue to grow as new and creative processes are developed and implemented to streamline the management of accounts receivable. This industry will continue to grow and expand internationally.

How do you define success?

Having and maintaining long term relationships with my colleagues in the industry. When they see my name on the caller ID, they answer the call.

What is the best piece of advice you have ever received in life?

Be kind, everyone is dealing with life issues.

What advice would you give someone entering the receivables management industry?

Do not miss an opportunity to meet new people and take the time to learn what they are passionate about. Don’t aspire to be the smartest person in the room.

What are you most proud of or what is your biggest accomplishment?

The people I have mentored are now emerging as leaders of this industry.

What is your favorite book or podcast?

The Shack by William P. Young

If you could do any other non-industry job for just one day, what would it be?

I’d be an ice hockey coach to young kids.

People would be surprised if they knew…

I love jigsaw puzzles.

About DRN Data

Digital Recognition Network (DRN) provides vehicle location data and analytics for Financial Services, Insurance, and Auto Recovery clients to help optimize their portfolios, reduce losses, detect fraud, and manage risk. Our vehicle location data and analytics are new alternative data and insights that clients can’t get anywhere else. Over 1,000 clients rely on DRN data and technology to find vehicles faster, drive decisions, lower risk and increase revenue.

Published On: April 18th, 2023|Categories: Executive Spotlight|Tags: , , |

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