DEBT PORTFOLIO MANAGEMENT BELARUS

In case you are working with the counteragent in Belarus you can sometimes face difficulties with getting finances from him in time. Especially, it is often related to the matter of long-term cooperation on fulfillment of big contracts.

Surely, it leads to debt incurrence, which can gather for several months or years, depending on the activity of your company. It is always difficult to handle accounts payable by the company itself because it requires at least a few specialists or a team of ones, who would know how to work with the delayed financial liabilities.

Money is always needed to develop your business, however, as the practice shows, counter agents who have once broken their obligations to pay, are not willing to return finances timely and make payments correctly further.

The existing and development of the entity requires strict control on expenses, debts, credits, and assets of the company. In this case, debt portfolio management can be just the right thing to help your company to go through difficult times or to keep all the finances under control.

Of course, debt portfolio management is rather a difficult area and requires an expert team, which can help you to predict problems, work with the existing ones and provide you with collection services if necessary.

And if you have partners in Belarus, who are not paying their bills timely, you definitely need a local specialist or a team, who can help you with issues with partners.

Belarus is a part of the CIS area, where business is not working as it does in the EU region or the USA. Common companies have different cultural aspects, which are based on trust, status, reputation, and customary business practices. It is very difficult to understand whether the debtor in Belarus is willing to pay obligations and how to understand whether any agreement has been reached.

Moreover, it is quite difficult to catch up with the local legislation to understand how the financial laws work, and how you should deal with them.

This question worries you, in case you are reading this material. In this case, you can either create a team, which will study how to deal with the debt portfolios or hire a team of specialists with expertise in this area.

If you choose the second option, CIS Debt Recovery Solutions is a worldwide international collection agency, which can assist you to deal with the debt portfolio and its management in Belarus.

Our company provides its clients with a big range of services, for example, B2B (commercial) debt recovery, outsource debt collection, outsource debt portfolio management, amicable debt collection, commercial arbitration, commercial debt litigation, enforcement of judgments, enforcement debt recovery, etc.

Please fill in the form below and our collection team will start efforts for your convenience.