100 companies got advice on how to collect receivables

This year’s series of free workshops in the area of receivables management organized for tradesmen all over Serbia by the Chamber of Commerce of Serbia and EOS Matrix is concluded with the final workshop in Belgrade. During these workshops, tools that may be used in the process of collecting receivables were discussed, and legal advice was given regarding the possibilities of judicial debt collection and alternatives to court procedure.

This year’s series of free workshops in the area of receivables management organized for tradesmen all over Serbia by the Chamber of Commerce of Serbia and EOS Matrix is concluded with the final workshop in Belgrade.  During these workshops, tools that may be used in the process of collecting receivables were discussed, and legal advice was given regarding the possibilities of judicial debt collection and alternatives to court procedure.

Over 100 companies could hear what is the monitoring of invoices, when the process of collecting receivables commences, what are the fundamental stages thereof, and what is the “soft” and the “hard” collection. In case receivables cannot be collected out of court, it was explained what the process of judicial debt collection is and what are the situations when no other option is left except selling the receivables. These and similar topics were discussed by Milan Savić, the Receivables Collection Manager and Slobodanka Blagojević, Legal Adviser from EOS Matrix.  

Nataša Kecman, Head of the Center for Services and Mediation of the Serbian Chamber of Commerce, stated that collecting receivables is one of the most important topics in everyday business of tradesmen, thus cooperation with EOS Matrix will be continued in the following period in order to help Chamber of Commerce members improve their businesses. 

“The idea for this sort of education emerged after the research called European Payment Habits , which indicated that tradesmen, although they have nearly the longest payment terms in Europe (46 days), show a rather poor practice of settling their debts on time (only 67%). When clients exceed the payment terms, companies must wait for another 50 days on average for collection, which is by far the longest in Europe (21 days). That is why we want to point out to the tradesmen the details to focus on in order to avoid the point of being unable to collect receivables” - explained Nela Deura, Marketing and Sales Specialist in EOS Matrix. 

Twelve more workshops are planned in 2018 in the Regional Chambers of Commerce in Serbia.

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