Debt monitoring

The debt monitoring service enables full control over the timeliness of the debtors’ payments. The activities offered as part of the service aim to determine the reason of the account’s being delinquent and to make the debtor pay on time. If the debtor delays with the payments ULTIMO employees agree a new repayment schedule and supervise the debtor’s compliance with it.

Another purpose of our activities performed under the debt monitoring service is to regularly remind customers about upcoming payment dates.

Thanks to an ongoing control over the flow of receivables our Clients are also able to identify unreliable payers and thus to reduce the risk of incurring more serious financial losses.

BENEFITS

• enforcement of payment discipline on customers
• improved financial liquidity by ensuring timely payments of amounts receivable
• preventing the accumulation of large debts and quick starting of the debt restructuring process
• minimization of provisions maintenance costs 

ACTIVITIES

• dunning letters
• dunning telephone calls
• text messages and voice messages reminding about payment dates