Receivables management
Strategic partnerships of Better Payment enable the modular composition of services in the field of payment processing, which goes beyond processing. This involves the optimisation of downstream processes in the event of unforeseeable payment defaults.
The following features are available for this purpose:
Collection
Residual debt purchase
Factoring
Receivables management
Secure your liquidity
With the help of our receivables features, you can turn unforeseen payment defaults into liquid funds with easy-to-implement processes.
Our Decision Engine
With the help of our partners we have built our own decision engine, which can be individually configured.
collection
How does debt collection work?
In the event of debt defaults, a company (dealer, creditor) can give open receivables to a collection agency. The assigned collection company takes care of communication with the debtor (buyer/debtor), debt collection, dunning and legal dunning procedures.
factoring
How does factoring work?
This process also involves the transfer of receivables of a company (dealer/vendor) against a debtor (buyer/debtor) to a credit institution/company specializing in the purchase of receivables. In the case of real purchase of receivables, the receivable is assigned as soon as it arises and the risk of loss of the receivable is transferred.
