Receivables management is the process by which companies can reduce the formation of overdue receivables and effectively recover debts. Through effective receivables management system the enterprises can increase the competitiveness of companies in the market by improving liquidity. This is especially important in times of economic downturn.
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In the classical approach to the credit insurance which specialized insurers offer, monitoring insolvency risk is under the control of the insurer. He gives the credit limits on key customers, decide on the amount and the possible changes in the course of the policy and the amicable recovery is performed in the case of non-payment…. View Articleread more
Several years ago, no one asked this question because receivables management departments were mostly the domain of large international companies. In the MSP sector, elements of the debt management functioned, because decisions concerning contractors were made in majority by an Owner, the payments were made by an Accountant and unscrupulous debtors were handed over to… View Articleread more
Credit insurance in Poland is a product that is constantly evolving. Many large and medium-sized enterprises insure receivables for years, or at least use the credit management tools such as credit reports, monitoring and recovery of receivables offered by external specialized companies. Meanwhile, in the current changeable economic reality credit insurance is an important product… View Articleread more
Insurance policy are in large part based on an assessment of the counterparties portfolio by the insurer. It is also choosing which recipient is and in what time it can be insured for a specific amount of credit limits. Although in most insurance policies there is an automatic insurance without the control of the insurer,… View Articleread more