CIS DRS

OUTSOURCING DEBT COLLECTION IN ITALY

Debt portfolio management & Debt recovery in ITALY
We recover your bad debts for the success fee.

The notion and process of outsourcing debt collection in Italy

Fontana di Trevi, Roma, Italy
The reality for many companies in Italy is, no matter how hard a business tries to increase sales by marketing strategy, the lack of finances still has its roots in late payments for goods and services provided. It is no surprise Italian businesses turn to 3rd party debt collection agencies as a rescue for their financial situation.

Statistically, as debts tend to increase in companies in Italy, lots of them decide to leave the task of collecting the bills for internal staff. Others prefer a method of outsourcing to a debt collection agency. This solution has become common for many companies as the payment culture has decreased over the years. External debt collection usually provides a wide range of ways on how to help its clients, manage debt portfolio, and, lastly, recover the money.

Regardless of the size of the company it is always possible to engage a third-party debt collection agency. This solution is suitable for companies that have to commit to various tasks and adding another one seems irrational. An external debt collection agency will provide you with possible solutions and debt recovery programs for your business as well as engage in payment collection on your behalf.

How do companies benefit from the services of outsourcing debt collection in Italy?

As research shows many businesses in Italy prefer to outsource credit collectors to carry out a task of debt recovery externally. Many companies consider this a smart decision due to the following reasons:
1
External debt collection reduced costs. Many companies would benefit from this option since the company does not have to spend financial resources on hiring and training staff.
2
Debt collectors always use specialized tools and methods. As it was mentioned before, experts, which have been working in the field of debt management and recovery will use innovative methods to return your payments.
3
An outside debt collection agency helps your staff to free some time for the tasks they usually do (e.g accounting or sales), and concentrate on their performance.

CIS DRS approach for outsourcing debt collection

In CIS DRS our lawyers have years of experience in the field of debt management, consulting and recovery. We have developed a unique approach as an outsourcing debt collection agency. Before enacting any action, we talk to our clients to fully understand the situation. After that we list the services we are offering in the case.

If both parties agree, we move on to the next stage which has the following steps:

1
Our research team checks the financial situation of the debtors and provides our lawyers with additional contact information.
2
Our lawyers (in compliance with the Italian legislation) contacts the debtor by sending a letter of demand following up with the phone call.
3
In case it is impossible to reach an amicable settlement we propose a different approach which is a recovery of payment with the help of the court.

Outsouce CIS DRS now, collect the payments within the nearest time

We understand the importance and urgency of debt recovery for businesses in Italy. We always monitor the changes in the field to make sure that our actions are within the scope of Italian legislation. For more information, please use our phone number to contact our offices worldwide or send an email and we will get back to you!

Submit your request by the following form below.
AT A GLANCE
Serving Clients in ITALY for more than two decades
Debt Collection
  • 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
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • 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
Arbitration
  • 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
Enforcement
  • 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
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT PORTFOLIO MANAGEMENT IN ITALY

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN EUROPE:

TEL: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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