DEBT COLLECTION IN ITALY

Just like in many countries worldwide, debt management is an essential part of B2B in Italy. When businesses provide services or sell goods to each other such issues as overdue invoices occur more frequently. That is why many of them usually prefer to deal with debt management by hiring collection agencies. This practice is common worldwide. CIS DRS provides its services in many countries, including Italy. We understand that the recovery of the debts for B2B companies in Italy can have particular difficulties such as cultural and trading traditions. In addition, Italy is known for the application of different legislation in terms of amicable recovery.

Debt collection in Italy has almost the same features as all other European countries. In general, companies should make the payment for their debts within 30 days. In Europe, this time can be extended up to 60 days. In practice, companies rarely follow the timelines and that is why many commercial companies need help with the recovery process.

The debt collection process in Italy can be quite complicated and challenging and may take some time. That is when a company decided to carry out this process on its own. However, with the help of a debt recovery firm, it is possible to avoid many complications. In CIS DRS the teams of experts try their best to make sure that companies return their funds as fast as possible without damaging their reputation. We have been collecting debts for many years worldwide, including Italy. Such practice helps us to not just recover the payments, but also to understand the business differences that exist.

Our investigation teams have established practice that includes profound research of the financial status of debtors and any additional contacts. All other teams are experts in conducting negotiations with the debtors in many languages to understand the debtors better. We always plan strategically and provide B2B with consultation for the possible outcomes. The goal of our teams is to return your payments and to reach an agreement.

At first, our lawyers initiate communication by making a call and sending letters to let the debtors know about the situation. We formally request to comply with the national legislation and fulfill this obligation. In case of a response, we negotiate with the debtors by using different techniques bearing in mind cultural differences to get the best outcome. In case of a refusal from the debtor, we instruct our clients on the next possible steps, which mean the trial settlement of debt cases.

When it comes to the debt recovery in Italy lots of resources have to be spent. That is why, by hiring CIS DRS to handle the matter it would be possible to solve any complications, which may occur. We understand all the specifics and complications that could arise while returning the funds to Italy. With the help of our experience and established partnerships, we will ensure that your money is returned in the best possible way.

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