Almost every entrepreneur asked himself: "How can I improve business services for my clients?" The first idea that comes to our mind is a convenient payment solution, especially so important in turbulent times. Crediting clients seems to be a very reasonable idea to force sales. However, you are not indemnified from regular situations where a customer will not or may not pay for any reason you may imagine. So, what should be done next?
A small organization has to have enough resources to invest in an expensive debt collection infrastructure, including a set of tools and procedures for collecting overdue payments. One option to save yourself from troubles and improve chances for full debt recovery is to hire a debt recovery agency. Be sure professional lawyers will help small and big international businesses with accelerating cash flow too.
Time and cost-saving, Experience and Knowledge
Debt collection for a small business is a very complicated and quite expensive procedure for some cases. It takes a lot of time and workforce globally having in mind local expertise. Companies may try to make their life easier and concentrate your attention on the strategic and commercial purposes of your business by hiring professionals to manage your overdue receivables. Debt recovery agencies have the necessary set of skills, experience, and many tools allowing them to recover debts faster with better performance.
How does agency CIS DRS provide a small business debt collection in Russia?
Usually after preliminary checks and "homework" to be done the debtor gets a proposal with several debt settlement plans at his/her discretion (for instance, reinstating an account or termination of a contract). It is worth mentioning that CIS DRS team of debt recovery lawyers use only languages and templates approved by a client and fully compliant with the local legislation. Therefore, the CIS debt recovery process in small businesses is based on convenient cooperation and negotiations between a defaulter and a debt recovery agency to save creditors position and reputation.
High-quality customer service
Small businesses need to reduce risk by maintaining a strong cash flow. CIS DRS undertakes all possible actions to decrease the negative consequences of such a stressful procedure. Our team follows the highest standards of customer service to make sure business relationships of our clients are upheld and debts are recovered on success fee basis.
Compliance with the law
CIS DRS undertakes negotiations under the laws, namely the Civil Code of the Russian Federation, Federal Laws of the Russian Federation: "On consumer credit'", "On the protection of the rights and legitimate interests of individuals during debt recovery procedure", "On microfinance activities and microfinance organizations" and other laws as a guarantee of legal activities.
Automated processes and reporting
The latest technology and proven techniques are used by CIS DRS. Therefore, it allows us to quickly identify a willingness and ability to pay debts and report all substantial progress for creditors.
AT A GLANCE
Serving Clients in RUSSIA 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 RUSSIA
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
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!
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