CIS DRS

DIGITAL DEBT COLLECTION IN MALAYSIA

Debt portfolio management & Debt collection in MALAYSIA
We recover your bad debts for the success fee.

Digital Debt collection and its impact on businesses in Malaysia

In the 21st century collection of debts is one of the most essential parts of any business. For many countries worldwide, including Malaysia, collection of late bills (invoices) is a quite complicated task. For many companies in Malaysia it has become difficult to collect payments internally without enlisting the services of digital debt collection agencies. Even in that field there have been few changes.

More companies in Malaysia are trying to switch from the manual way of collecting payment to a digital one. Digital debt collection or online debt collection is a process of collection of late payments through electronic tools such as emails, texts, messaging, and so on. This way is proven to be more effective than making phone calls and using questionable techniques. One of the biggest problems for debt collection in Malaysia is the lack of proper communication between creditors and debtors. That is why the best solution, in this case, would be to outsource an online collection agency to complete this task for your business.

How can a business benefit from this service?

There are still many critics of digital debt collection, however, as we keep noticing many companies in Malaysia are aware of the communication gap between debtors and creditors and are willing to close this gap by digital debt collection option for the following reasons:
1
The online collection agency will be able to be in communication with the debtors 24/7 since various methods of online communication will be used.
2
This method is proven to be faster than the manual way of debt collection.
3
There is no need to hire and train employees and businesses will be able to concentrate on the performance of more important tasks.

CIS DRS digital debt collection method in Malaysia

Kuala Lumpur, Malaysia
CIS DRS is one of the few companies, which tend to follow modern approaches and find solutions to various issues. In the field of online debt recovery services, our company has years of experience in managing and collecting debts. For each client, we are ready to modify our workflow.

Firstly, we monitor the financial activity of the debtor and find additional phone numbers, emails, etc. The next step is written communication, which is performed in the form of the 1st letter of demand. We use different channels of communication with debtors (emails, messengers, etc.) and negotiate the payment terms. In case the debtor has no intention of an amicable settlement, we usually advise our clients of the court settlement of the issue.

Teams of professionals for fast debt recovery in Malaysia

Lawyers of CIS DRS understand how important the recovery of late bills (invoices) is. That is why we are always in search of new ways of resolving the situation amicably. In the era of digitalization, it is crucial to keep up with the modern ways of conflict resolution. That is why we would like to offer a new way of debt recovery for you. With our help, you will be able to collect late payments in business fast and efficiently. For more information, please contact our offices using the contact form below.
AT A GLANCE
Serving Clients in MALAYSIA for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT PORTFOLIO MANAGEMENT IN MALAYSIA

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN ASIA:

TEL: +86-532-82-02-2526
EMAIL: asia@cisdrs.com

1805 Parkson International Business Center, 44-60
Zhongshan Road, 266001, Qingdao Shandong, CHINA

We work Monday to Friday, 9 AM - 6 PM (GMT-7)
Made on
Tilda