B2B DEBT COLLECTION IN AUSTRIA

In business relationships payment of invoices is one of the most important aspects. Mutual respect for contractual obligations is considered to be the key to any cooperation. In Austria, the payment culture is relatively high. Nevertheless, many companies working in B2B find themselves in a situation where it is quite complicated to return the money owed from partners.

In Austria, the situation can be solved in 2 ways. In the first case scenario, the companies can settle this issue internally by collecting the payments on their own. The other way indicates that the company can get help from a B2B debt collection agency. Those who prefer to retrieve the debts with the help of corporate debt collection services have 2 options as well. They can either seek judicial debt recovery or settle the payment extrajudicially.

Business debt recovery is considered to be quite complex at first. However, many B2B companies still argue that collecting debt from businesses with the help of collection agencies is a better option, and here is why.

In CIS DRS we understand how important it is to have all payments returned timely. That is why our lawyers after years of experience in the field have a particular strategy that could be modified due to the preferences of the clients. At first, we analyze the financial situation of the debtors and look for additional contact information. Next, we send letters of the 1st demand notifying them about the issues. The second stage is negotiations. During negotiations, we use various techniques to persuade the debtors to settle amicably. In case of a refusal or complete ignorance from the debtors, we advise our clients to consider judicial options of settlement.

In CIS DRS we understand how essential debt collection is for each business. That is why we try to return your money at all times. We have more than 10 years of experience in the field of commercial debt collection and recovery, and that is why we can offer several solutions to our clients. For more detailed information, please, do not hesitate to contact us!