Purchase of OVER-due receivables


In order to help you handle your over-due receivables and uncollected debt (claims) that make you suffer from costs and distract your employees to focus on their core business, we offer you possibility to sell over-due, uncollected and written off receivables that are not disputed.

 

Your advantages are the following:

 

  • Direct accumulation of liquid assets without waiting for a client's good will to made payment
  • You can avoid possibility of unsuccessful payment collection that increase over time
  • Your employees can focus on their core business. That should result in accomplishing better results i.e. employees can spend more time on collecting new receivables that have higher collection rate. You can lower business costs as you do not need to invest good money into court taxes, attorney costs, administrator fees, etc.
  • Increase profitability 

 

 

Factors affecting the estimated value of accounts receivable:

 

  • Time after payment has been due
  • Amount of receivables
  • Debtor's credit rating
  • Availability of the accounts receivable data (documents, financial data, etc.)
  • How debt collection activities have been carried out until it has been transferred

     

The factors above influence value of outstanding debt.

 

What do we need to reach the decision on the purchase of accounts receivable?


The decision on the purchase of accounts receivable is based on data about:

 

  • Accounts receivable (due date, value) 
  • Debtor (company, address/headquarters) 
  • Short description of a business relation (all activities carried out so far in terms of the collection, a debtor is attempting to dispute the claim and the like) 
  • Documents confirming the existence of receivables

 

Following the collection of the documentation, those receivables that cannot be collected are eliminated (e.g. late requests in solvency processes, a debtor who passed away has no assets and the like). Other accounts receivable are subject to estimation procedure.
To help you describe your accounts receivable go to the Form for the Lodgment of Receivables.