Colombia collection profile

Colombia-bnr

 

Collecting in Colombia

  • The payment behavior of domestic companies is good but DSO remains high and late payments occurring frequently.

  • Procedural costs and delays are significant, so court proceedings should be avoided overall. On the other hand, the court system has too many requirements in order to accept security titles.

  • When it comes to insolvent debtors, collecting debt is a genuine challenge and, overall, negotiating payment during the pre-legal action phase remains the most efficient alternative.

 

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    Colombia

    Colombia

    Collection complexity

    very-high-2

    Collection relating to

    Payments
    $-3
    Court
    proceedings
    Gav-3
    Insolvency
    proceedings
    Arrow-2

     

     

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