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Practice Seminar “Optimisation of Processes and Risks in Managing Receivables” in Frankfurt
Since the beginning of the year the financial crisis has had an impact on the payment attitude of German companies. Insurance firms have cancelled trade credit limits, supplier credits have been drawn on more often, solvency shortages have been growing, and the number of insolvencies have been increasing sharply. In the light of this alarming development, these days payment history analyzation and proper timely reaction to it have become a must.
In our second seminar “Optimisation of Processes and Risks in Managing Receivables”, Prof. Schumann GmbH demonstrated ways to implement an effective debtor management system. Attorneys at law Kai Engelsberg and Lutz Paschen presented successful ways of managing claims effectively to minimize the loss of claims showing how IT-solutions can reduce the costs of legal action.