Did you receive an email
from us?
No need to worry—we're here to help
and find a solution that works for you.
Are you already a customer
or would you like to become one?
Utilize your personal access in the client portal, or let us discuss your objectives together!
When does it make sense to outsource?
When there are large outstanding balances or when reminders go unanswered. A debt collection agency can often collect outstanding debts more quickly and in a more organized manner.
What specific tasks are included in this service?
BID handles the out-of-court and in-court collection of outstanding receivables, as well as the long-term monitoring of receivables for which a judgment has been issued.
What is the difference between professional debt collection and the standard billing process?
Debt collection builds on the debt reminder process and supplements it with legally sound measures, including enforcement through the courts.
What are the costs involved in placing an order?
Fees are determined in accordance with statutory provisions, as well as the amount of the claim and the amount of work required to process it.
How does debt collection complement accounts receivable management?
Debt collection is a key component of receivables management and begins where the dunning process ends, with the goal of collecting outstanding receivables.
How digital is modern accounts receivable management?
Automated interfaces and digital portals enable efficient workflows and provide transparency throughout the entire process.
Why should debt collection be integrated into receivables management?
Integration reduces the risk of defaults and makes it easier to manage and monitor outstanding receivables.
Which industries stand to benefit the most?
Industries such as retail, energy, insurance, and telecommunications use debt collection to stabilize cash flow and reduce payment defaults.
How does international debt collection work?
Through international partner networks, outstanding claims are collected in a legally compliant manner in the respective target countries.
Which countries does BID cover?
BID operates throughout Europe and also collaborates with global partners in key economic regions.
What are the benefits of international accounts receivable management?
Standardized processes, local expertise, and legal certainty facilitate the collection of outstanding receivables across national borders.
What is the difference between domestic and international debt collection?
International proceedings vary depending on different legal frameworks and require specialized local partners.
What happens after successful titling?
Invoiced receivables are monitored over the long term to ensure that payments are received even at a later date.
How does a monitoring procedure work?
Automated systems regularly monitor debtors, for example, to check for new employment or changes in financial circumstances.
How long can a judgment debt be monitored?
In Germany, enforceable claims can be monitored for up to 30 years.
What are the benefits of automated receivables monitoring?
Automated monitoring saves time, reduces losses, and increases the success rate of debt collection.