AMSTERDAM, June 25, 2014 /PRNewswire/ — Today Atradius Collections releases the new edition of the International Debt Collection Handbook explaining the different stages of amicable settlement, financial regulations around collections, legal proceedings and insolvency procedures. The handbook is useful for credit managers confronted with the diversity and complexity of country-specific debt collections, now covering 38 countries, including Chile, Ukraine and South Africa.
International debt collection and country-specific legal systems create challenges that affect every business. The International Debt Collection Handbook has proven to be an invaluable, highly demanded product for decision-makers in the collections and credit management industry. It gives readers an overview of foreign debt collection practices at country level. Rudi De Greve, Global Operations Director at Atradius Collections, explains: "The amicable collection route should always be the preferred option, however, taking legal actions is sometimes required. In either case, the key is to respect local ethics and the law. Only with local expertise can businesses ensure they are following a professional and successful approach."
With insolvency levels peaking in many countries, selecting the right approach to debt collection has become an even more important factor for maintaining cash flow. Moreover, payment delays are common and insolvency risks remain high, both negatively impacting cash flow. A complex payment procedure in many cases results in foreign payment delays.
As a global market player, Atradius Collections acknowledges the importance of understanding local needs and being able to operationalize at a local level as the key to successful debt collection. Therefore Atradius Collections is planning on expanding its geographical reach into new markets, strengthening its global market position.
About the International Debt Collection Handbook
Since its launch in 2008, the International Debt Collections Handbook has undergone constant update and expansion to provide decision makers with the most recent information. Rudi De Greve, Global Operations Director at Atradius Collections: "The handbook consists of information gathered by local experienced collectors and lawyers, making it a trusted international debt collections navigator."
The full International Debt Collection Handbook is available for download at http://www.atradiuscollections.com/global/updates-publications/international-debt-collections-handbook.html
About Atradius Collections
Atradius Collections, a business unit of Atradius Group, provides efficient, quick and flexible solutions to recovering domestic and international trade debts. With 20 offices and an extensive network of collections specialists and lawyers worldwide, Atradius Collections serves more than 14,500 customers. Over 85 years of global credit management industry experience uniquely positions Atradius Collections as a worldwide leader in business-to-business trade invoice collections services. Please visit http://www.atradiuscollections.com for more information.