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Development and implementation of the debt collection processes

Development and implementation of the debt collection processesFor the survival and successful development of the companies in a situation of a growing indebtedness, the presence of a structured process for debt collection and payments in overdue where there are clearly defined roles, responsibilities and obligations, actions that has to be taken against debtors as well as the terms in which this process will develop, is becoming more and more critical. Namely, the presence of a manageable process for debt collection will be capable of refunding the money to their owners. We, the team of NeoCollect, believe that by applying an effective process on debt collection, the companies will succeed to handle the delay of the payments by themselves. At the same time, they will be able to keep their business relations with the clients who have delayed these payments.

By focusing on the ways by which our customers manage their business organization and in accordance with their goals and requirements, we have created optimal processes on debt collection that will bring back not only short-term return of incomes but will also provide long-term stability of receivables.

Specialists and experts with great experience in this field will assist you in the following situations:

  • You would like to work with instruments for effective management of the results, connected to payments;
  • You have decided to implement a process on debt collection but you are not quite sure what are the right actions that need to be undertaken as regards to debtors and at what point will you will have to undertake these actions;
  • You have the intension to manage a unit or a department that will deal with payment management but you are not aware of the methods that have to be used;
  • You would like to manage all kinds of reports and parameters that will supply you with information for the present situation and to make prognosis about the future results in regard to the late payments;
  • You intend to develop the process of automation of debt collection by implementing a specialized software but you are not able to estimate the benefits of the available solutions on the market or their price seems to high for you.

Why choose a consulting service?

1.Because you will get access to the best practices in the field of contemporary debt collection processes. Our consultants have a long term experience in working with diverse financial and business organizations and can create the most proper solution for your business.

2. Because you spare time and money. The time is a decisive factor in managing debt collection and the lack of experience in this field, usually, results in mistakes. The elimination of these mistakes is expensive and time-consuming.

3. Because you will get new options. External consultants are not influenced by the corporate culture and policy in the company. Quite often, they are able to find new options that have not been noticed until this moment.

4. Because the results are effective and can be measured.

 

Request a meeting!

Contact us and request an appointment. Our experts will offer recommendations for process optimization FREE.

E-mail: info@neocollect.bg
Телефон: +359 879 061501

Own debt network?

Debt collection – use own debt network or assigning to an external company

Събирането на просрочени вземания - със собствена мрежа или възлагане на външна компания This is one of the questions that almost every manager, have regard to the recovery wonders - using their own resources or hiring an external specialized company. Definite answer - as might be expected - none as factors that should be taken into consideration are too much.external link

NOHAPPYFACES

Mary Reibey 1777 – 1855 on the banknote of 20 Australian dollars

Australian dollars

The Australian dollars replace the Australian pound and has been issued since 1966 – 35 years after the declaration of the Australian independence. On the banknote of 20 dollars is Mary Reibey – one of the first women who have dealt with trading. She has been raised by her grandmother in Lancashire, England and at the age of 14, she runs out of home. After that she is arrested for stealing a horse and sentenced to exile in New South Wales where she marries an officer from the ship “Britannia”. Her husband starts working in the transport business and trade with wood material and leather. Business becomes quite prosperous and reaches the islands of the Pacific, China and India. After his death in 1811, Mary Reibey takes control over his business. In the next 20 years she succeeds to develop it by buying crafts, estates and warehouses and all this makes her one of the richest women in Sidney. Nowadays, she is regarded as one of the most successful business women in New South Wales ever.