Global reach brings payment challenges
In an increasingly global society, companies can reach customers around the world. This is great news for business but it also comes with a range of credit management challenges.
Doing business internationally opens the potential for huge growth in the products and services you deliver. But it can also open your business to greater risk of non-payment.
Often, we see that companies have centralized management while their customers are spread across many geographical areas. The fact that credit management and debt collection is not your core business can make it difficult to invest the time and resources needed to be truly effective.
Credit insurance is one tool businesses use to protect themselves, but it has limitations. Likewise, a shared service center can be an asset, offering economies of scale for many business functions. However, they don’t necessarily offer the level of expertise needed to handle collections in new markets and secure payment quickly.
The risk is that accounts are not paid on time and arrears build up, tying up working capital and threatening liquidity.
Doing business internationally means you need to navigate different market practices, legal systems, cultures, languages and time zones in order to get paid on time.
Why not let us do this for you? At Intrum we offer a single point of contact to address all outstanding bills across all the markets you serve, regardless of where your customer is located.
We provide:
- A simple and secure way to transfer your claims to us for collection
- Reporting and status updates 24/7 via our client web portal
- Fast remittance of funds to your account
- An account manager in your market who speaks your language
When you are up and running you can easily and quickly add new markets for collection.
Intrum offers firm but fair, robust and diverse collection solutions designed to secure payment while protecting your corporate image and reputation. For more information…