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You have a debt collection service provider, and you are not sure if there might be more effective ways to realize your receivables?
Or you are looking for the “first time” a service provider for this sensitive topic?
> Then you have come to the right place!
Answer the above questions, and you will receive our advice via video team’s appointment, on request also in presence in our office at the Nürburgring and a service provider comparison, in addition completely free of charge and without obligation for you!
We receive our remuneration in case of successful mediation between demand and offer from the service providers who become active for you.
The whole thing is completely cost-neutral for you as a company, and as if you had selected and commissioned the service provider yourself.
There is no substitute for experience in receivables management.

Stefan Paul – the owner of WCCP – has been a professional in receivables management for over 30 years. His expertise, experience and contacts in the collection world will put your receivables management in pole position.

Stefan has worked directly in numerous receivables management projects with many well-known companies in the banking and insurance environment, but also for many collection companies. Stefan knows the industry and the different remuneration models of the service providers very well and can provide you with a neutral and comprehensive overview due to his many years of specialization in this field.

Usually, collection service providers offer their products with salaried sales staff, so of course you will then receive (only) the products of his employer. All other service providers are from his point of view “competitors” or rivals and are therefore hidden.

We at WCCP / WorldClassCollectionProjects help companies, from an independent perspective in the selection of the best and on the needs of your business field selected collection service provider. After all, your company’s success consists of your core competence and probably not to deal with debt collection, recovery of outstanding debts.

 
 
 

What is actually receivables management? An overview"

Modern receivables management begins with the delivery of goods and services, the associated invoicing or the payment of a credit or loan. In this case, the creditor wants the credit to run smoothly until it is repaid in full. Credit means derived from Latin "credere", "believe, trust" (in repayment). "To have credit with someone" also means to enjoy confidence that one is solvent and thus creditworthy. "To gamble away one's credit" means, on the contrary, to make oneself untrustworthy. " (Quote: Wikipedia.org) Receivables management thus deals with early-stage arrears and non-performing loans, up to and including the initiation of legal action: We at WCCP / WorldClassCollectionProjects help companies to prevent credit risks and thus effectively reduce losses. We know the best debt management service providers (usually collection agencies, or lawyers specialized in debt collection) at sales, or business manager level and use our connections for your collection success.

Receivables management in the "pole position":

Receivables management departments today usually operate in a constantly changing environment and are subject to strict legal requirements - this increases the complexity and burden on staff. Customers today are also more knowledgeable and usually well connected via the Internet and social media platforms, and many of them want an extended, complex dialog. Therefore, companies today must be able to intensively analyze the financial strength and circumstances of their customers in order to find the best possible solution for each one in a safe and precise way. The team of WCCP / WorldClassCollectionProjects puts your receivables management in the "pole position" and helps to find the most suitable collection service provider with modern and powerful IT infrastructure.

Receivables Management and IT Systems:

Receivables management teams are slowed down by an outdated IT infrastructure and usually lack the necessary tools, data, insights, channels and connectivity to truly innovate, implement changes quickly and ultimately leave the competition behind. In most cases, reporting on their own performance is also considered difficult. In this regard, insightful reporting with customized reports is a matter of course in collection service provider management today. The team of WCCP / WorldClassCollectionProjects helps to find the right collection service provider with modern and powerful IT infrastructure.

Receivables management yesterday and today:

In the past, the classic reminder was usually the only means of realizing overdue receivables. Then came the telephone, which was state of the art for many years. In the past, collection service providers were only allowed to work out of court and then hand over the processes to lawyers. This was expensive and lengthy for all parties involved (especially for creditors and debtors). Today, the intelligent use and process optimization of dialer technology, letters, e-mails, SMS, digital channels, self-service, communication via social media platforms and much more is possible. The team at WCCP / WorldClassCollectionProjects will help ensure that your customers are contacted through the right channel at the right time.

Receivables management yesterday and today:

In the past, the classic reminder was usually the only means to realise overdue debts. Then came the telephone, and for many years this was "state of the art". In the past, debt collectors were only allowed to work out of court and then hand over the cases to lawyers. This was expensive and lengthy for all parties involved (especially for the creditors and debtors). Today, the intelligent use and process optimisation of dialer technology, letters, emails, SMS, digital channels, self-service, communication via social media platforms and much more is possible. The WCCP / WorldClassCollectionProjects team helps to ensure that your customers are contacted via the right channel at the right time.

Receivables management / Alternatives:

Selling receivables, is that actually possible? Of course it is! Even immediately after the service has been rendered and the invoice has been issued. This procedure is called "factoring". The team of WCCP / WorldClassCollectionProjects can also help you with this way of receivables management. Receivables can be sold at any time, even if there is a risk of default, or because you do not want to develop your own collection expertise and processes, and thus the necessary staff. Non-performing loans (NPLs). After all, your company's success consists of your core competence and probably not to deal with debt collection, recovery of outstanding debts.