Almost 80% of exporters experience overdue payments. Late payments are an unavoidable fact of business life. The longer one waits, the greater the danger is of never collecting the debt.
Unpaid invoices can seriously affect your business by slowing cash flow, reducing inventory turnover, harming credit ratings and even tarnishing your company’s reputation.
As a Euler Hermes credit insurance policyholder, we are delighted to offer our debt collection solutions exclusively at anytime you don’t get paid. Our collection team work in most markets, in any time zone, conduct negotiations in various languages, and deal with the intricacies of any local legal system.
Legal debt collection
Here at Euler Hermes a court order is a last resort, not the first step. If our pre-legal action is unsuccessful, we can carry out legal action on your behalf.
Should legal action become necessary, we can provide lawyers who specialise in the trading laws of the individual country involved. They will discuss the case with you in detail – in particular the likely cost and time implications of any legal action that you may wish to consider.
Insured debt collection
The combination of credit insurance and debt collection helps to speed up and simplify all the processes involved. Using this type of combined service solution Euler Hermes takes care of all the administrative duties connected with collecting companies' debts.
