Managing unpaid invoices
Overdue payments may peril the company’s liquidity and debt collecting becomes essential. At the moment this is the most frequent cause leading to insolvency and may peril the company’s cash-flow irrespective of its size.
This is the reason why professional debt collection is a rather important activity. EOS Hungary has the experience of decades and a sector specific expertise in the field of debt collection in Hungary. Besides our local expertise our customers have the benefits of the EOS-group’s international network.
With their help incoming payments are protected allowing for our customers to focus on their own business. Our experts provide help in collecting both private (between business and private sector) and commercial (inter-company) receivables.
A decade’s experience in collecting debts
Based on a decade’s experience EOS Hungary elaborated a debt collecting procedure. In the meantime several methods were used to contact defaulting debtors such as written notice or contacting via telephone or directly in person. Besides traditional methods similar to these modern means of receivables management have also been used such as payment reminders via e-mail and sms.
Our primary objective is to ensure debt payments, however, we are aware of how important it is to keep existing business relationships. Therefore, during our work receivables are collected in a way that the relationship between our partners and customers is not endangered.
Customers are dealt with considerately and in person, considering their specific situation. We try to reconstruct their relationships with their customers with adequate accuracy and try to find mutual solutions for the problems helping to stabilize and turn up cash-flow.