CIS DRS
OUTSOURCING DEBT COLLECTION IN GEORGIA
Debt portfolio management & Debt recovery in GEORGIA
We recover your bad debts for the success fee.
We recover your bad debts for the success fee.
Outsourcing debt collection overview in Georgia
When it comes to running a business there could be many peculiarities in the process. One of such peculiarities is the collection of payments. For every business in Georgia payment of bills may seem like a difficult task. Lots of companies tend to manage this problem on their own, whereas other companies prefer to engage 3rd party debt collection agencies.
Yet there are those businesses that do not consider external debt collection agencies to be a solution to their financial problems. They instead focus on increasing their sales and neglect that hole in the finances created by late payments. As a result, many find themselves in even more difficult situations when others have their late payments taken care of.
Yet there are those businesses that do not consider external debt collection agencies to be a solution to their financial problems. They instead focus on increasing their sales and neglect that hole in the finances created by late payments. As a result, many find themselves in even more difficult situations when others have their late payments taken care of.
Yet there are those businesses that do not consider external debt collection agencies to be a solution to their financial problems. They instead focus on increasing their sales and neglect that hole in the finances created by late payments. As a result, many find themselves in even more difficult situations when others have their late payments taken care of.
Yet there are those businesses that do not consider external debt collection agencies to be a solution to their financial problems. They instead focus on increasing their sales and neglect that hole in the finances created by late payments. As a result, many find themselves in even more difficult situations when others have their late payments taken care of.
The main benefits of this process
There are many concerns when it comes to third-party debt collection. In Georgia collection of debts amicably is more preferable due to the following reasons:
It costs less than a court proceeding. Of course, many may think that recovery of payments with the help of the court is more efficient. However, in reality, it is proven to be less efficient and in Georgia, it costs more.
External debt collection reduces arrears due to knowledge and expertise in the area.
It helps to maximize productivity and revenue since real money is returned and not just predicted figures on paper.
It costs less than a court proceeding. Of course, many may think that recovery of payments with the help of the court is more efficient. However, in reality, it is proven to be less efficient and in Georgia, it costs more.
External debt collection reduces arrears due to knowledge and expertise in the area.
It helps to maximize productivity and revenue since real money is returned and not just predicted figures on paper.
CIS DRS approach for outsourcing debt collection in Georgia
Tbilisi, Georgia
CIS DRS helps its clients not just to manage but also to find solutions in difficult financial situations. We always advise our clients so that they would be able to recover the biggest amount of payments. We have years of experience as debt collectors, which are outsourced by many companies worldwide. With our methods and expertise, we have developed an approach, which can be modified for each client.
Our research team analyzes the financial situation of the debtors in order to prepare a strategy. After that, our lawyers send a letter of the 1st demand to the debtors notifying them of the issue. During the negotiations, we use different techniques to persuade the debtors within the scope of national legislation. In case of a refusal to settle the matter amicably, we recommend our clients consider the possibility of the court proceeding.
Our research team analyzes the financial situation of the debtors in order to prepare a strategy. After that, our lawyers send a letter of the 1st demand to the debtors notifying them of the issue. During the negotiations, we use different techniques to persuade the debtors within the scope of national legislation. In case of a refusal to settle the matter amicably, we recommend our clients consider the possibility of the court proceeding.
Outsource debt collection now, and receive payments later
CIS DRS has been representing many clients all over the world providing an excellent client service in the field of external debt collection. We understand that the collection of payments is an urgent and important matter, that is why our goal is to help your business to recover the late payments in the best possible way. For more information, please contact our offices by using a form below.
AT A GLANCE
Serving Clients in GEORGIA for more than two decades
- 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
- portfolio analysis
- control of payment terms
- timely reminders
- soft communication with clients
- advisory regarding billing cycles
- reminders via emails
- receivables control
- 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
- 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
- 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
- filing creditors claims
- representing clients in creditors committee meetings
- bankruptcy process monitoring
- liquidators communication
- regular reporting to client
- assets recovery
DEBT RECOVERY IN GEORGIA
No Recovery-No Fee.
3.1
3
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
2
- Verifying Debtor's Address
- Checking Debtors' Status in Database
- Brief Report to Client
- Case Strategy Design
CLAIM PROCESSING
1
- Confirmation Receipt
- Claims Automation System
- Case Processing Starts Immediately
NEW CLAIM
- Get Proposal
- Forward for Client's Approval
- Collect Payment to Client
- CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
- Send In-house Demand Notice
- Whether Disputes (if yes)
- Get Proposal from Debtor
- Forward for Client's Approval
- Collect Payment to Client (if approved)
- Suggest Court Case If Worth (if no)
- CLOSE
Whether Responds Negatively (if no)
3.3
- Convince for Amicable Settlement
- Get Proposal
- Forward for Client's Approval
- Collect Payment to Client (if approved)
- CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
- Current Status of Each Case
- Collection Efforts Our Lawyers Have Already Done
- What Should Be Done Further
- Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!
WE CAN HELP YOU!
Just fill in the form and we will revert to you ASAP
ADDRESS:
1 Ropemaker str, London, EC2Y 9HT
United Kingdom
Kirschenallee 20, Berlin, 14050
Germany
ul. Opolska 110, Kraków, 31-355
Poland
We work 24/7/365, but please contact us Monday to Friday, 9 AM - 6 PM (GMT).
© Copyright 2008-2023. CIS DRS. All Rights Reserved.
1 Ropemaker str, London, EC2Y 9HT
United Kingdom
Kirschenallee 20, Berlin, 14050
Germany
ul. Opolska 110, Kraków, 31-355
Poland
We work 24/7/365, but please contact us Monday to Friday, 9 AM - 6 PM (GMT).
© Copyright 2008-2023. CIS DRS. All Rights Reserved.