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Accounts Receivable Management

BIIA Welcomes Unified Credit Solutions Pvt. Ltd

Established in 1991,  UCS (www.group-ucs.com) is a leading B2B credit management group operating across South Asia, ASEAN and Middle East offering  a full range of credit management solution from Business Information, Receivables Management and Debt Collection, both amicable and legal. UCS directly employs over 120 people from 11 different nationalities. We are a preferred partner for both debt collection and ... Read More »

Experian Makes Debt Collection Easier for Consumers

Consumers now have the flexibility to resolve debts through digital self-serve channels; data and analytics provide a more personalized and helpful experience Getting debt collection right is about more than money. It’s about knowing the difference between a customer who has simply forgotten to make a payment or someone dealing with a financial hardship. Knowing the difference is important so ... Read More »

Collection & Recovery: Three Top Regulatory Themes Emerge from Debt Collection Panel

An observation provided by Daniel Nestel of FICO Daniel Nestel recently moderated a regulatory panel discussion before a group of nearly 100 collections and recovery (C&R) professionals at the FICO® Debt Manager™ User Group Forum. The esteemed panel consisted of a mix of veteran policy and business leaders, including: Maria Wolvin, Vice President and Senior Counsel of Regulatory Affairs at ACA ... Read More »

Cerved Information Solutions and Banca Monte dei Paschi di Siena Deadline Expires

Expiry of the deadline for fulfillment of the conditions precedent for the acquisition of the NPLs servicing platform of BMPS; talks underway With reference to the envisaged acquisition of the NPLs servicing platform of Banca Monte dei Paschi di Siena S.p.A. (a.k.a. Project Juliet), as per the binding offer presented by Cerved Group S.p.A. on 13 November 2016 and object ... Read More »

KSV1870 Austria Welcomes its 23,000th Member

Austria’s largest creditors protection association, KSV1870, celebrates a new record and welcomes the frozen food company Weinbergmaier GmbH as Jubilee Member. Founded in 1969, Tiefkühlkost Weinbergmaier is now one of the leading, purely Austrian companies in the food and beverage industry. Since 2008, owned by VIVATIS Holding AG, the company and its approximately 70 employees, headed by Mag. Andreas Kirchner (sales) ... Read More »

EOS Group Changes Management

Marwin Ramcke joins the EOS Group’s Board of Directors effective 1 January 2017 and will assume responsibility for the Eastern Europe region, where EOS is represented in 14 countries. Mr Ramcke succeeds Dr Helmut Hufnagel, who has headed the Division since 2015. Marwin Ramcke will bring distinctive expertise in the Eastern European market to the EOS Board. Since 2009 he ... Read More »

KSV1870 and KSV1870 Holding AG Appoints Mag. Ricardo-José Vybiral as Chairman and CEO

Mag. Ricardo-José Vybiral was appointed Chairman and CEO of KSV1870 Holding.  The former CEO of the Wunderman Group Deutschland has assumed his new role in the 4th quarter of 2016.  The KSV1870 board selected Vybiral because of his exceptional management expertise, strategic competency and affinity to digital technologies.  These traits are important elements in managing KSV1870 journey into the digital ... Read More »

Regulatory News from Russia: The Federal Law Regulating Debt Collection Has Come into Effect

The Federal law No. 230-FL “About protection of the rights and legitimate interests of physical persons when implementing activities for return of the overdue debt and about introduction of amendments to the Federal law ” came into effect on January 1, 2017. The new law governs the business activities of debt collection involving physical persons (private individuals). The key provisions ... Read More »

BIIA Welcomes MNS Credit Management Group (P) Ltd.

MNS Credit Management Group (P) Ltd. Premier Business Information and Debt Management Specialist. MNS Credit Management Group—offers boutique services in Business Information Reports, commercial Debt Collection and legal and Business advisory at a global level. Headquartered in New Delhi, we are a nationally and internationally respected credit management company that provides a full range of Business credit reports on companies ... Read More »

FENCA: Erwin Falkner new President of European Debt Collection Association

Erwin Falkner is new President of FENCA, the Federation of European National Collection Associations. The 45-year-old German entrepreneur succeeds Andreas Aumüller, who had been President of the pan-European debt collection umbrella-association over the past three years. New Vice President is Leigh Berkley, United Kingdom. He is President of the Credit Services Association, the UK’s national collection association, and Director of ... Read More »

KSV1870 Appoints Roland Wernik as President

Roland Wernik, managing director of Salzburg Wohnbau GmbH, was elected president of KSV1870 during the board meeting on 15 September.  Together with management, he will, for the next three years represent KSV1870 and the interests of the business community at all levels.  As association president Roland Wernik has both controlling as well as an advisory role with the two vice-presidents.  ... Read More »

EOS Awarded ‘A’ Rating for the Twelfth Time

An impressive credit standing: This was the verdict of Euler Hermes Rating in the summer of 2016 following its audit of EOS Holding, making it the twelfth time in succession that the debt collection specialist has received an ‘A‘ rating.  The auditors had been particularly convinced by the company’s longstanding experience in the evaluation, acquisition and recovery of non-performing loans. ... Read More »

Atradius Acquires Graydon

With this acquisition Atradius strengthens collections and information services offering companies aligned in goal to develop information and technology Atradius N.V., one of the leading international credit insurance, surety and collections company announced its acquisition of 55% of the shares in Graydon Holding N.V., a leading business information providers.  With this acquisition Atradius, which already owned a 45% stake in ... Read More »

Tesch Inkasso Germany Reports Changes in Ownership

Avedon Capital Partners and management have sold Tesch Inkasso Group, a German debt collection company, to Lowell GFKL Group, a credit receivables management backed by the Permira Funds and Ontario Teachers’ Pension Plan (OTPP). Tesch Inkasso is headquartered in Wiehl, Germany. Its core business is to recover debt claims, mostly from private debtors in the name of its clients. Tesch ... Read More »

Lowell GFKL Group Acquires Tesch Inkasso, Germany

Lowell GFKL Group, a European leader in credit receivables management backed by the Permira Funds and Ontario Teachers’ Pension Plan, announced that it has entered into an agreement to acquire Tesch Inkasso Group from Avedon Capital Partners and the other existing shareholders. Closing is subject to certain regulatory approvals. After acquiring Austrian IS Inkasso Service in April, this is Lowell ... Read More »

Equifax Debt Services Improves the Debt Recovery Process for Canadian Creditors

Creditors now have a new advantage when managing debt recovery with the release of Equifax Debt Services, a set of interconnected tools and services designed to make recovering money owed easier and more profitable. With this new solution, the debt recovery process from pre-collection through recoveries is fully managed by Equifax, and clients have a clear view of their customers at ... Read More »

US Accounts Receivable Management Practices

The Federation of Credit & Financial Professionals (FCFP) conducted a survey on how credit and accounts receivable managers manage bad debt write-offs.  Shocking:  28% of respondents said they had no formal Bad Debt policy. To download the survey click on this link: 2016 FCFP Bad Debt Survey Analysis Source:  Federation of Credit and Financial Professionals (FCFP) Read More »