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Accounts Receivable Management

USA Risk Climate: Speed of B2B Payments in the Americas Declines

Increasing level of deterioration in payment practices in the Americas The latest results of annual B2B payment practices survey conducted by global credit insurer Atradius show an increasing level of deterioration in payment practices in the Americas. Average payment duration increased from 61 days in 2017 to 63 days in 2018. On average, 90.3% of respondents frequently experience late payments ... Read More »

UK Bans Late-payers from Government Contracts

Late-payers to be banned from UK government contracts following Carillion collapse Outsourcing giants that fail to pay suppliers on time will be banned from major contracts under new plans announced by the government today in the wake of Carillion’s collapse. The Cabinet Office has announced a package of measures which also aim to “level the playing field” so small businesses ... Read More »

FICO Survey: 70% of APAC Banks Will Use AI in Collections and Recovery by 2019

Half say the biggest impact of artificial intelligence will be the ability to better optimize collection decisions  Highlights: 46 percent of banks in Asia Pacific plan to implement artificial intelligence in their collections process this year; while 24 percent indicated they will do so next year, according to a FICO survey Banks expect AI to impact their ability to optimize collection decisions and predict consumer ... Read More »

BIIA Welcomes International Research Associated (INRA) Ltd. as a Member

International Research Associates (INRA) Ltd. was established since March 1976 by Dr. Frederic L. Ayer, known as the pioneer of credit reporting and corporate analysis in Thailand. With more than 4 decades presence in business, INRA is currently a specialized credit report provider with full of registered companies in Thailand stored in our database together with IT support for XML ... Read More »

Arvato Introduces E-Commerce Accounting and Payment Solution

Standardized Accounting and Payment Processing for E-Commerce at Arvato Financial Solutions. Designed for international use and highly scalable. Aqount, Arvato Financial Solutions now allows retailers to take complete control of all their financial processes.  Aqount is the ideal solution for companies wishing to outsource complex and time-consuming financial processes from receivables management and payment processing to debt collection. Aqount is ... Read More »

Informa D&B Study Reveals Delay in Payments in Spain Closed 2017 Below the European Average

European companies paid with an average delay of 13.06 days in the last quarter of 2017, the lowest figure reached to date, according to the Study on Payment Behavior of Companies in Europe conducted by INFORMA. This figure drops slightly with respect to the previous quarter and from a year ago when it was 13.47 days. Spain, with 12.52 days of average delay ... Read More »

Cerved Credit Management Appointed as Servicer of EURO 2bn of Non-Performing Loans

The Subsidiary Cerved Credit Management Appointed to Act As Special Servicer on Approximately Euro 2.0 Billion of Non-Performing Loans Cerved Information Solutions S.p.A. (MTA: CERV), parent holding company of the Cerved Group, the largest information provider and credit servicer in Italy, announces that the subsidiary Cerved Credit Management S.p.A. has been appointed by REV Gestione Crediti S.p.A. to act as ... Read More »

Creditsafe & GB Collects Team Up to Offer Unrivalled Payment Solution

Integration of GB Collect’s Solution to Creditsafe Platform Offers New Possibilities to Clients Creditsafe, one of the world’s leading provider of global business intelligence, has announced a partnership with GB Collects. Under the terms of the agreement, Creditsafe will incorporate GB Collect’s innovative debt-collection system into the Creditsafe Business Intelligence Platform. “We are delighted to be able to offer this ... Read More »

European Banking Authority (EBA) Initiatives on Tackling Non-performing Loans (NPLs)

The EBA has published its tenth report on risks and vulnerabilities of the EU banking sector. The report describes the main developments and trends that have affected the EU banking sector since the end of 2016. From a credit bureau perspective, the report is relevant because it discusses EBA’s ongoing activities to address the issue on NPLs. According to the report: In ... Read More »

Creditsafe in Partnership with ESP Receivables Management

Integration of ESP’s Collection Solution to Creditsafe Platform Offers New Possibilities to Clients Creditsafe, has announced a partnership with ESP Receivables Management.  Under the terms of the agreement, Creditsafe will incorporate ESP’s innovative debt-collection system into the Creditsafe Business Intelligence Platform. “We are delighted to be able to offer this new capability to our customers,” said Matthew Debbage, CEO of ... Read More »

Cerved Appointed Special Servicer for Non-performing Loans

Cerved Appointed by Quaestio to Act as Special Servicer for The Atlante Il Fund on Approximately Euro 13 Billion of Non-Performing Loans Generated by Monte Dei Paschi Di Siena Cerved Information Solutions S.p.A. (MTA: CERV), parent holding company of the Cerved Group, the largest information provider and credit servicer in Italy, announces that the subsidiary Cerved Credit Management S.p.A. has ... Read More »

Creditsafe and ESP Receivables Management in Partnership

Integration of ESP’s Collection Solution to Creditsafe Platform Offers to New Possibilities to Clients Creditsafe, a leading provider of global business intelligence, announced a partnership with ESP Receivables Management.  Under the terms of the agreement, Creditsafe will incorporate ESP’s innovative debt-collection system into the Creditsafe Business Intelligence Platform. “We are delighted to be able to offer this new capability to ... Read More »

KSV1870 Opens New Office in Salzburg

More than 100 guests from the business and political community attended the opening of the new office location at the Hellbrunner Straße 15 in Salzburg’s capital at the invitation of KSV1870 President Mag. Dr. Roland Wernik, MBA. KSV1870 Managing Director Mag. Ricardo-José Vybiral, MBA spoke about the current business and credit conditions in the Austria in general and in the ... Read More »

Qarar Enhances its Debt Management Program

Qarar, a leading regional provider of credit risk analytics and decisioning software, announced a further strengthening of its partnership with Alawwal Bank, the longest-established provider of financial products and services in the Kingdom of Saudi Arabia and one of the most dynamic financial service providers. The programme will see Qarar advancing Alawwal’s capabilities in the area of consumer collections and ... Read More »

Google & Intuit Partner in Small Business Cash Management

Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management.  Reports Wednesday (Sept. 13) said Google and Intuit Australia announced news of their partnership at the Google Cloud Summit, which was held in Sydney. As part of their initiative, Gmail now supports integrated eInvoicing using Intuit tools. The Google Calendar App also ... Read More »

Cerved and Quaestio Sign an Agreement for an Industrial Partnership in Special Servicing Activities

BMPS accepts a binding offer from Quaestio and Cerved for the acquisition of its credit servicing platform  –  New company to be formed Quaestio Holding SA (“Quaestio”) and Cerved Group SpA (“Cerved”), owned by Cerved Information Solutions SpA, have signed an agreement for an industrial partnership in special servicing activities (“Partnership”) and have also reached a binding agreement with Banca ... Read More »

Banca Monte Dei Paschi Di Siena Has Signed a Binding Agreement with Quaestio and Cerved for the Sale of its Non-Performing Loans Platform

Banca Monte dei Paschi di Siena S.p.A. informs that it has reached a binding agreement with Cerved Group S.p.A. (“Cerved”) and Quaestio Holding S.A. (“Quaestio”) for the sale of its non-performing loans platform. The transaction involves the sale of BMPS’ non-performing loans platform to a newly incorporated company held by Cerved and Quaestio and the signing of a long-term servicing ... Read More »