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Accounts Receivable Management

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 »

KSV1870 Innovations Offensive: The Digital Debtor Platform

Many debtors lose track of their creditors or the exact amount of their liabilities. In order to offer transparency and a direct way to debt relief, KSV1870 Forderungsmanagement GmbH has set up a clear platform which clearly includes the necessary orientation and a convenient payment option. Since the launch of the digital platform in June 2016, the number of accesses has more ... Read More »

High Level of Stability: EOS Gets Another ‘A’ rating

For the thirteenth time in succession, the auditors from Euler Hermes Rating have awarded EOS Holding an ‘A’ rating, acknowledging that the debt collection specialist enjoys a good credit standing and long-term viability. The key factors leading to this assessment were the company’s excellent earning power over a number of years as well as its good debt repayment capacity and ... Read More »

Debt Collection: Europe-wide Risk of Lost Revenue if Debt Collection is not Performed

Working with debt collection providers reduces liquidity risks for companies / In 2016, eight percent of business revenue was secured and reinvested in the economic cycle thanks to receivables management / Recovered debts safeguard and create jobs In Europe, 19 percent of customers pay their invoices late – and three percent do not pay them at all. The resulting loss ... Read More »

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 »