Debt Management & Collection Services

Late payments are an unavoidable fact of business life. Taking steps to ensure the prompt collection of unpaid invoices is an essential part of doing business.

Unpaid invoices can seriously affect your business by slowing cash flow, reducing inventory turnover, harming credit ratings and even tarnishing your company’s reputation. And the longer debts remain outstanding, the harder debt collection can be.

The key is to find resources to ease the inconvenience of managing and collecting late payments while also speeding up resolutions of these unpaid invoices.

6 Reasons to Turn to Euler Hermes Debt Management & Collection Services

Euler Hermes is a valued business partner for companies throughout the world. With nearly 100 years of debt recovery experience, we now collect 380,000 debts per year in more than 130 countries. As a recognized industry leader within the credit insurance and debt collection industries, our name has a significant effect on late payers and shows how serious you are about payment.

Here are six more reasons to choose Euler Hermes to handle your debt management and collections.

  1. Customer relationships. Our primary aim is to secure full payment as quickly as possible while maintaining your customer relationships. We make every contact and call and write every letter to the customer with this in mind. Our goal is to obtain full and immediate payment of every overdue account and we know how to achieve this goal without alienating your customers.
  2. Your business is our business. Commercial collections require specialized knowledge and our unrivaled experience and expertise will be at your disposal. Our worldwide network of 600 commercial debt collections professionals have the skills and insight necessary to recover your money without risking your all-important trading relationships no matter what industry is involved.
  3. Our knowledge. As part of the Euler Hermes Group, we have access to the very best available business knowledge. We can locate key information and individuals involved that other collection agencies would be unable to trace. Our credit intelligence information service is an exceptional network of sources that generates first-hand, up-to-date knowledge on 85 million companies around the world, 24 hours a day and 7 days a week
  4. Proactive collection. Upon receipt of your instructions to recover the debt, we enter those details into our extensive database then assign a dedicated collector to manage your file. We make every effort to collect overdue accounts without resorting to legal action. We turn to the legal system only after we have exhausted efforts to settle each matter amicably. In these cases, we offer competitive legal fees and expert litigation services that can handle everything from pre-legal review through enforcement.
  5. Local expertise. We work in every market and time zone, conducting negotiations in the local language and dealing with the intricacies of the local legal system.
  6. Our strength. Our financial strength is the foundation of our long-term partnerships with clients. We’re a company of Allianz with a turnover of more than $3 billion and a Standard & Poor’s financial rating of AA.

Download the 2018 Debt Collections Profiles

2018 Debt Collections Profiles

pdf | 3 MB