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.