AEREN Debt Recovery Professional offers a full range of B2B (Business to Business) Debt Collection Service from Manufacturing to Distribution to Retail and Services Sector. In other words, we cover Manufacturing, Business, Trade, Information and Technology, BPO, Financial, Real-Estate, Software, Marketing, Distribution, Licensing Agency and others. We cover all type of Business entity like Sole Proprietorship, Partnership, Limited Liability Company.
The document describes a collection capacity planning model that takes inventory forecasts as input and outputs the number of telecallers required. It involves assigning volume factors to forecasts, making assumptions about productivity, call intensity, and success rates. Key inputs include inventory forecasts, volume factors, call intensity desires, and productivity assumptions. The model then calculates the number of telecallers needed based on these inputs and assumptions.
Slade Waterhouse is Australia's leading debt collection firm dealing in Brisbane, Sydney, Melbourne, Adelaide, Perth and all Major cities in Australia.
www.sladewaterhouse.com.au
The debt collection industry has changed significantly over the past ten years. The impact of technology on debt collection practices, industry consolidation
12 steps to achieve excellence in debt collection and recoveryEXUS
The challenges Collection & Recovery departments face nowadays have forced them to become more inventive and efficient.
The 12 steps to achieve excellence in C&R embed business knowledge that EXUS has accumulated all these years through the cooperation with field experts.
Go through this presentation and evaluate how these “best practices” employed by top financial institutions in the world can be adopted by your organisation.
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
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Linkedin: arguni_hasnain
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This document discusses cash management for business organizations. It covers controlling cash levels, controlling cash inflows and outflows, and optimally investing excess cash. Tools for cash planning include net cash forecasts and cash budgets. Cash budgets in particular are important for evaluating financial performance, setting dividend policies, and planning by indicating cash surpluses or deficiencies. Controlling cash outflows is also discussed. Overall the document provides an overview of key aspects of effective cash management for organizations.
The document describes a collection capacity planning model that takes inventory forecasts as input and outputs the number of telecallers required. It involves assigning volume factors to forecasts, making assumptions about productivity, call intensity, and success rates. Key inputs include inventory forecasts, volume factors, call intensity desires, and productivity assumptions. The model then calculates the number of telecallers needed based on these inputs and assumptions.
Slade Waterhouse is Australia's leading debt collection firm dealing in Brisbane, Sydney, Melbourne, Adelaide, Perth and all Major cities in Australia.
www.sladewaterhouse.com.au
The debt collection industry has changed significantly over the past ten years. The impact of technology on debt collection practices, industry consolidation
12 steps to achieve excellence in debt collection and recoveryEXUS
The challenges Collection & Recovery departments face nowadays have forced them to become more inventive and efficient.
The 12 steps to achieve excellence in C&R embed business knowledge that EXUS has accumulated all these years through the cooperation with field experts.
Go through this presentation and evaluate how these “best practices” employed by top financial institutions in the world can be adopted by your organisation.
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
Follow Me:
Linkedin: arguni_hasnain
Instagram : arguni.hasnain
Facebook: arguni.hasnain
This document discusses cash management for business organizations. It covers controlling cash levels, controlling cash inflows and outflows, and optimally investing excess cash. Tools for cash planning include net cash forecasts and cash budgets. Cash budgets in particular are important for evaluating financial performance, setting dividend policies, and planning by indicating cash surpluses or deficiencies. Controlling cash outflows is also discussed. Overall the document provides an overview of key aspects of effective cash management for organizations.
Receivables are sales made on credit. Managing receivables effectively requires establishing credit policies, evaluating customers, monitoring receivables aging, using collection methods like lockboxes and factoring, and controlling receivables through metrics like days sales outstanding and ABC analysis. Factoring allows firms to arrange receivables by having a third party collect payment and assume credit risk in exchange for an upfront payment.
The document discusses cash management services (CMS) and related topics. It defines CMS and outlines its benefits for customers, including assured credit, pooling of funds, and control benefits. It describes the CMS structure and process, including client acquisition, collection and disbursement products, branch responsibilities, and operational constraints. Host to host connectivity, correspondent banking services, and related advantages and disadvantages are also summarized.
This document outlines a 4-step debt collection strategy that is polite yet persistent. It involves 1) reviewing accounts receivable and categorizing them, 2) focusing collection efforts on accounts just past due to collect "fast money", 3) sending polite emails to different categories reminding them of balances owed, and 4) following up categories in order of priority while assuming innocence and avoiding confrontation. The goal is to collect outstanding fees with minimal effort in the shortest time possible without upsetting clients.
The document discusses the accounts receivable process in SAP. It begins with an overview of the process from shipment of goods to customer billing and payment receipt. It then covers the key concepts of clients, chart of accounts, legal entities, and business areas. The remainder discusses master data, including the customer master record which contains general, accounting, and sales data at the client and company code levels. It also describes the reconciliation account and how payment transaction and dunning data are set up on the customer master record.
1. The document discusses various techniques for managing receivables, including determining appropriate credit standards, analyzing creditworthiness, setting credit terms and collection policies.
2. Key aspects of receivables management include balancing the costs and benefits of maintaining receivables, assessing factors like a customer's capital, character, collateral, capacity and economic conditions.
3. Techniques for analyzing receivables policies involve marginal analysis to accept changes where marginal returns exceed costs, and heuristic or discriminant analysis using factors from a company's experience to establish credit limits.
Check out this slideshare to learn essential steps for faster invoice collection, B2B accounts receivable best practices, and the benefits of accounts receivable management automation. Learn even more at www.anytimecollect.com
Delivery Channels and Inter Bank Payment System, E-Payments, Types of Electronic Fund Transfer system, Real Time Gross Settlement,National Electronics Funds Transfer ,Immediate Payment Service, Credit Card, Automatic Teller Machine, Smart Card, E-Money, E- Wallet, E-Cheque
This document discusses cash management and the objectives, motives, and basic problems of holding cash for businesses. It notes that there are three main reasons firms hold cash: to meet daily transaction needs, protect against uncertainties, and take advantage of opportunities. The objectives of cash management are to meet cash disbursements while minimizing idle cash balances. Firms must control cash inflows and outflows, determine optimal cash levels through cash budgeting, and invest any surplus cash. The key motives for holding cash are transactional needs, precautionary needs to address contingencies, and speculative opportunities.
Financial system components and regulatory bodyMohammadYusaf
The document discusses key components of India's financial system and its regulatory bodies. It describes the financial system as comprising financial institutions, assets, services, and markets. It outlines various financial institutions like banks and non-banks. It also discusses important financial assets, services offered, and types of markets. The regulatory bodies that oversee major financial sectors in India are also introduced, including the Reserve Bank of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India, and Pension Fund Regulatory and Development Authority.
NACH Automation from bank's perspective - Useful for banks seeking automationBalaji Jagannathan
This presentation helps bankers have a high level understanding of how NACH is being pursued by NPCI in India and how to go about automation of NACH in your banks. It also helps you get an idea of what to look for in NACH automation and what may be coming in future towards NACH payments.
Simple set of slides with no heavy texts.
NPA - Non Performing Assets by Meka SantoshSantosh Meka
NPA which is gobal problem for the banks with the borrower who they not pay money back to the banks with the given period of time.The silde have been describing toward INDIAN bank. More over it includes the impact, problem, solution and action taken by RBI and Govt of India to solve the issue of NPA.
The document discusses receivables (debtors) management. It defines receivables as debt owed by customers from credit sales. Managing receivables is important to balance sales growth and investment in debtors. The objectives are to promote sales and profits while ensuring adequate returns on investment in receivables. Key aspects of managing receivables include establishing credit policies, evaluating customers, monitoring debtors, and following up on collections. The document provides details on credit analysis, credit terms, factors affecting debtors, and costs of maintaining debtors. It also includes sample questions related to analyzing credit policies and terms.
Core Banking Solution PPT of TCS and SBIRajesh Kumar
State Bank of India decided to migrate to a core banking solution to address challenges from its existing branch systems and gain technological advantages. It selected Tata Consultancy Services' CBS product, TCS BaNCS, which is implemented on the HP Superdome platform. The migration involved setting up data centers, establishing disaster recovery, and conducting testing to handle over 100 million accounts. SBI realized benefits like improved efficiency, consistency, risk mitigation, and ability to gain a single customer view across its large branch network from the core banking migration project with TCS BaNCS.
This document provides an overview of debt collection, including:
1. Defining debt collection and describing the types, including first/third party collections and different types of debts.
2. Outlining key laws governing debt collection practices in the US, such as the Fair Debt Collection Practices Act.
3. Describing strategies used by collectors to liquidate accounts, such as lettering, skip tracing, engaging consumers in payment plans, and maintaining documentation.
The document discusses Know Your Customer (KYC) norms in India. It provides an overview of KYC, including what KYC is, its objectives, types of KYC like C-KYC and e-KYC, key requirements and criteria, documents required from customers, and risks of non-compliance. It also outlines the steps taken by the Reserve Bank of India to ensure proper implementation of KYC policies across banks and financial institutions in India.
The document discusses the Net Promoter Score (NPS) metric for measuring customer loyalty and satisfaction. NPS is based on asking customers how likely they are to recommend a company to others. It categorizes customers as Promoters, Passives, or Detractors. A company's NPS is calculated by subtracting the percentage of Detractors from the percentage of Promoters. Research shows that companies with higher NPS scores experience greater growth rates. The document provides examples of how various companies use NPS and statistical analysis to improve customer experience and drive business growth.
How to Build a Killer Strategic Account Plan Avention
The Strategic Account Plan is a tool that helps salespeople be better positioned to take on new accounts and forge stronger relationships with existing ones. The plan contains critical information about the prospect that every sales rep should know before even thinking about making the initial phone call. Putting the information down in a concise, structured way helps the salesperson to focus on what is important about the account and how it aligns with your company’s offering. Having a plan can be that one step further, the edge over the competitor, the crucial piece of data that can close the deal. Simply put, the Strategic Account Plan is the blueprint of the sale.
The Strategic Account Plan should be almost a mini encyclopedia of the company. It should allow the salesperson to know the account inside and out. The plan must have all the important information about the company and its financials, competitors, technology, goals, and objectives. It must provide insights about recent development and drivers in the account and the industry. It is imperative that the plan contains extensive and accurate contact information. Moreover, the contacts ought to be structured in the proper hierarchical way so that the sales rep knows how to navigate through the list.
This document provides tips for improving credit control procedures. It discusses the importance of effective credit control for business cash flow. It then provides steps businesses can take before, during, and after a sale to improve credit control, such as creating a clear credit control process, knowing customers, compiling stop lists, reviewing performance, and outsourcing credit control if needed. It also discusses tips for chasing unpaid invoices such as updating cash flow forecasts and using debt collection agencies if needed. The overall document aims to provide a comprehensive guide to establishing and maintaining strong credit control.
This presentation discusses non-performing assets (NPAs) in the Indian banking sector. It defines NPAs as loans where interest or principal payments are overdue for more than 90 days. NPAs hurt bank profitability, liquidity, and capital adequacy. Common causes of NPAs include willful defaults, diversion of funds, and an inability to raise capital. While banks have taken measures to manage NPAs like quick identification and monitoring, NPAs remain a major concern as they affect asset quality and bank survival. Proper NPA management is essential for a healthy banking environment.
MoretonSmith provides receivables management solutions including credit control, debt recovery, legal services, and collections software. For over 20 years, they have helped clients collect more of what they are owed more efficiently while preserving customer relationships. They use a combination of international collections services and collections technology to achieve outstanding performance. MoretonSmith has the experience and expertise to help organizations with problems recovering debts at home or abroad.
Kiguru and Associates is an auditing firm licensed to practice as accountants and financial/tax consultants. We place a lot of emphasis in the constant communication with client’s management throughout the course of our engagement. This has a great influence on the effectiveness of our performance and in meeting clients’ expectations.
Receivables are sales made on credit. Managing receivables effectively requires establishing credit policies, evaluating customers, monitoring receivables aging, using collection methods like lockboxes and factoring, and controlling receivables through metrics like days sales outstanding and ABC analysis. Factoring allows firms to arrange receivables by having a third party collect payment and assume credit risk in exchange for an upfront payment.
The document discusses cash management services (CMS) and related topics. It defines CMS and outlines its benefits for customers, including assured credit, pooling of funds, and control benefits. It describes the CMS structure and process, including client acquisition, collection and disbursement products, branch responsibilities, and operational constraints. Host to host connectivity, correspondent banking services, and related advantages and disadvantages are also summarized.
This document outlines a 4-step debt collection strategy that is polite yet persistent. It involves 1) reviewing accounts receivable and categorizing them, 2) focusing collection efforts on accounts just past due to collect "fast money", 3) sending polite emails to different categories reminding them of balances owed, and 4) following up categories in order of priority while assuming innocence and avoiding confrontation. The goal is to collect outstanding fees with minimal effort in the shortest time possible without upsetting clients.
The document discusses the accounts receivable process in SAP. It begins with an overview of the process from shipment of goods to customer billing and payment receipt. It then covers the key concepts of clients, chart of accounts, legal entities, and business areas. The remainder discusses master data, including the customer master record which contains general, accounting, and sales data at the client and company code levels. It also describes the reconciliation account and how payment transaction and dunning data are set up on the customer master record.
1. The document discusses various techniques for managing receivables, including determining appropriate credit standards, analyzing creditworthiness, setting credit terms and collection policies.
2. Key aspects of receivables management include balancing the costs and benefits of maintaining receivables, assessing factors like a customer's capital, character, collateral, capacity and economic conditions.
3. Techniques for analyzing receivables policies involve marginal analysis to accept changes where marginal returns exceed costs, and heuristic or discriminant analysis using factors from a company's experience to establish credit limits.
Check out this slideshare to learn essential steps for faster invoice collection, B2B accounts receivable best practices, and the benefits of accounts receivable management automation. Learn even more at www.anytimecollect.com
Delivery Channels and Inter Bank Payment System, E-Payments, Types of Electronic Fund Transfer system, Real Time Gross Settlement,National Electronics Funds Transfer ,Immediate Payment Service, Credit Card, Automatic Teller Machine, Smart Card, E-Money, E- Wallet, E-Cheque
This document discusses cash management and the objectives, motives, and basic problems of holding cash for businesses. It notes that there are three main reasons firms hold cash: to meet daily transaction needs, protect against uncertainties, and take advantage of opportunities. The objectives of cash management are to meet cash disbursements while minimizing idle cash balances. Firms must control cash inflows and outflows, determine optimal cash levels through cash budgeting, and invest any surplus cash. The key motives for holding cash are transactional needs, precautionary needs to address contingencies, and speculative opportunities.
Financial system components and regulatory bodyMohammadYusaf
The document discusses key components of India's financial system and its regulatory bodies. It describes the financial system as comprising financial institutions, assets, services, and markets. It outlines various financial institutions like banks and non-banks. It also discusses important financial assets, services offered, and types of markets. The regulatory bodies that oversee major financial sectors in India are also introduced, including the Reserve Bank of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India, and Pension Fund Regulatory and Development Authority.
NACH Automation from bank's perspective - Useful for banks seeking automationBalaji Jagannathan
This presentation helps bankers have a high level understanding of how NACH is being pursued by NPCI in India and how to go about automation of NACH in your banks. It also helps you get an idea of what to look for in NACH automation and what may be coming in future towards NACH payments.
Simple set of slides with no heavy texts.
NPA - Non Performing Assets by Meka SantoshSantosh Meka
NPA which is gobal problem for the banks with the borrower who they not pay money back to the banks with the given period of time.The silde have been describing toward INDIAN bank. More over it includes the impact, problem, solution and action taken by RBI and Govt of India to solve the issue of NPA.
The document discusses receivables (debtors) management. It defines receivables as debt owed by customers from credit sales. Managing receivables is important to balance sales growth and investment in debtors. The objectives are to promote sales and profits while ensuring adequate returns on investment in receivables. Key aspects of managing receivables include establishing credit policies, evaluating customers, monitoring debtors, and following up on collections. The document provides details on credit analysis, credit terms, factors affecting debtors, and costs of maintaining debtors. It also includes sample questions related to analyzing credit policies and terms.
Core Banking Solution PPT of TCS and SBIRajesh Kumar
State Bank of India decided to migrate to a core banking solution to address challenges from its existing branch systems and gain technological advantages. It selected Tata Consultancy Services' CBS product, TCS BaNCS, which is implemented on the HP Superdome platform. The migration involved setting up data centers, establishing disaster recovery, and conducting testing to handle over 100 million accounts. SBI realized benefits like improved efficiency, consistency, risk mitigation, and ability to gain a single customer view across its large branch network from the core banking migration project with TCS BaNCS.
This document provides an overview of debt collection, including:
1. Defining debt collection and describing the types, including first/third party collections and different types of debts.
2. Outlining key laws governing debt collection practices in the US, such as the Fair Debt Collection Practices Act.
3. Describing strategies used by collectors to liquidate accounts, such as lettering, skip tracing, engaging consumers in payment plans, and maintaining documentation.
The document discusses Know Your Customer (KYC) norms in India. It provides an overview of KYC, including what KYC is, its objectives, types of KYC like C-KYC and e-KYC, key requirements and criteria, documents required from customers, and risks of non-compliance. It also outlines the steps taken by the Reserve Bank of India to ensure proper implementation of KYC policies across banks and financial institutions in India.
The document discusses the Net Promoter Score (NPS) metric for measuring customer loyalty and satisfaction. NPS is based on asking customers how likely they are to recommend a company to others. It categorizes customers as Promoters, Passives, or Detractors. A company's NPS is calculated by subtracting the percentage of Detractors from the percentage of Promoters. Research shows that companies with higher NPS scores experience greater growth rates. The document provides examples of how various companies use NPS and statistical analysis to improve customer experience and drive business growth.
How to Build a Killer Strategic Account Plan Avention
The Strategic Account Plan is a tool that helps salespeople be better positioned to take on new accounts and forge stronger relationships with existing ones. The plan contains critical information about the prospect that every sales rep should know before even thinking about making the initial phone call. Putting the information down in a concise, structured way helps the salesperson to focus on what is important about the account and how it aligns with your company’s offering. Having a plan can be that one step further, the edge over the competitor, the crucial piece of data that can close the deal. Simply put, the Strategic Account Plan is the blueprint of the sale.
The Strategic Account Plan should be almost a mini encyclopedia of the company. It should allow the salesperson to know the account inside and out. The plan must have all the important information about the company and its financials, competitors, technology, goals, and objectives. It must provide insights about recent development and drivers in the account and the industry. It is imperative that the plan contains extensive and accurate contact information. Moreover, the contacts ought to be structured in the proper hierarchical way so that the sales rep knows how to navigate through the list.
This document provides tips for improving credit control procedures. It discusses the importance of effective credit control for business cash flow. It then provides steps businesses can take before, during, and after a sale to improve credit control, such as creating a clear credit control process, knowing customers, compiling stop lists, reviewing performance, and outsourcing credit control if needed. It also discusses tips for chasing unpaid invoices such as updating cash flow forecasts and using debt collection agencies if needed. The overall document aims to provide a comprehensive guide to establishing and maintaining strong credit control.
This presentation discusses non-performing assets (NPAs) in the Indian banking sector. It defines NPAs as loans where interest or principal payments are overdue for more than 90 days. NPAs hurt bank profitability, liquidity, and capital adequacy. Common causes of NPAs include willful defaults, diversion of funds, and an inability to raise capital. While banks have taken measures to manage NPAs like quick identification and monitoring, NPAs remain a major concern as they affect asset quality and bank survival. Proper NPA management is essential for a healthy banking environment.
MoretonSmith provides receivables management solutions including credit control, debt recovery, legal services, and collections software. For over 20 years, they have helped clients collect more of what they are owed more efficiently while preserving customer relationships. They use a combination of international collections services and collections technology to achieve outstanding performance. MoretonSmith has the experience and expertise to help organizations with problems recovering debts at home or abroad.
Kiguru and Associates is an auditing firm licensed to practice as accountants and financial/tax consultants. We place a lot of emphasis in the constant communication with client’s management throughout the course of our engagement. This has a great influence on the effectiveness of our performance and in meeting clients’ expectations.
The Law Office (TLO) is a full service law firm in India that provides legal services to both domestic and international clients. It has expertise in various areas of law including business and corporate law, startups, criminal and civil litigation, intellectual property, and employment law. TLO utilizes technology like an IT platform to provide efficient legal services to clients from various industries located around the world. Client testimonials praise TLO's responsiveness, subject matter expertise, and ability to creatively solve complex legal issues.
Greentree & Associates is an insurance subrogation firm with over 17 years of experience. It aims to provide excellent service, timely communication, and creative solutions to achieve the quickest recovery for its clients. Greentree utilizes experienced collection staff, extensive training programs, and the latest technology tools like its CollectOne collection software system to successfully recover funds. It offers clients competitive contingency-based pricing with no upfront costs and specialized services like license suspension to improve recovery rates.
Maxim Credit Management Services is a leading debt collection and recovery firm based in India. Founded in 2010, Maxim has extensive experience recovering both domestic and international debts. Their team of experienced attorneys uses innovative strategies to negotiate repayment or pursue legal action in order to recover clients' bad debts. Maxim aims to resolve debts through friendly negotiations whenever possible while also pursuing litigation efficiently when necessary. They offer a range of debt collection services including investigation of debtors, legal services, and representation in legal proceedings. Their process involves assessing cases, investigating debtors, contacting debtors, negotiating repayment agreements, and pursuing litigation or reminders if needed. Maxim works to collect debts cost effectively with a high success rate.
This document provides information about Riskpro, a risk management consulting firm with offices in India. It discusses Riskpro's mission to provide integrated risk management solutions, its value proposition of offering quality advisory services at affordable rates, and its differentiators such as a focus on risk management and extensive experience. It also outlines Riskpro's service areas such as Basel II/III advisory, corporate risks, IT risk advisory, and operational risk. Riskpro aims to be the preferred provider of governance, risk, and compliance solutions in India.
India being the preferred destination for world’s outsourcing services has created a favourable market for transforming business processes on account of cost reduction pressures, increased demand for implementing a new finance, accounting, payroll & business compliances operating model and in turn enable the management focus on their core business activities. Outsourcing helps all business lines by leveraging deep functional expertise with operational excellence aligned with global delivery service to clients.
In order to cater to this growing demand for business outsourcing for corporations to work smarter, faster and cheaper as an innovative step in strategic outsourcing, we’re delighted to launch our Business Outsourcing services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
This document provides information about Riskpro, a risk management consulting firm with offices in India. It discusses Riskpro's mission to provide integrated risk management solutions, its value proposition of offering quality advisory services at affordable rates, and its differentiators such as a focus on risk management and extensive experience. It also outlines Riskpro's service areas such as Basel II/III advisory, corporate risks, IT risk advisory, and operational risk. Riskpro aims to be the preferred provider of governance, risk, and compliance solutions in India.
Riskpro is an Indian risk management consulting firm with over 200 years of cumulative experience. It provides services related to governance, risk and compliance including credit risk assessment, operational risk reviews, regulatory compliance, and outsourcing management. Key advantages include affordable prices compared to large firms, a hybrid delivery model, and the ability to take on large complex projects. The firm has offices in major Indian cities and aims to be the preferred provider of integrated risk management solutions in India.
This document provides information about Riskpro, a risk management consulting firm with offices in India. It discusses Riskpro's mission to provide integrated risk management solutions, its value proposition of offering quality advisory services at affordable rates, and its differentiators such as a focus on risk management and extensive experience. It also outlines Riskpro's service areas such as risk advisory, corporate governance, and outsourcing management. Riskpro aims to be the preferred provider of governance, risk and compliance solutions in India.
India being the preferred destination for world’s outsourcing services has created a favourable market for transforming business processes on account of cost reduction pressures, increased demand for implementing a new finance, accounting, payroll & business compliances operating model and in turn enable the management focus on their core business activities. Outsourcing helps all business lines by leveraging deep functional expertise with operational excellence aligned with global delivery service to clients.
In order to cater to this growing demand for business outsourcing for corporations to work smarter, faster and cheaper as an innovative step in strategic outsourcing, we’re delighted to launch our Business Outsourcing services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Riskpro is an organization providing risk management consulting services through offices in major Indian cities. It aims to be the preferred provider of governance, risk, and compliance solutions to mid-large sized corporates and financial institutions in India. Riskpro offers a wide range of risk advisory services at competitive prices compared to large consulting firms. It has over 200 years of cumulative experience across its multidisciplinary team and provides high quality, timely services and deliverables to clients.
Riskpro is an Indian risk management consulting firm with offices in major cities. It provides integrated risk management services to mid-large corporations and financial institutions. Services include advisory on governance, risk, compliance, Basel standards, enterprise risk assessment, fraud risk management, and more. Riskpro differentiates itself through its focus on risk management, experience of over 200 years, hybrid delivery model, and ability to take on large complex projects. It aims to be the preferred GRC solutions provider in India.
Riskpro is an Indian risk management consulting firm with offices in major cities. It provides integrated risk management services to mid-large corporations and financial institutions. Services include governance, risk and compliance solutions. Riskpro differentiates itself by focusing exclusively on risk management and by having over 200 cumulative years of experience among its professionals. It offers a hybrid delivery model and can take on large, complex projects. Services include advisory on various types of risk like credit, market, operational, and regulatory compliance.
Riskpro is an Indian risk management consulting firm with offices in major cities. It provides integrated risk management services to mid-large corporations and financial institutions. Services include governance, risk and compliance solutions. Riskpro differentiates itself by focusing exclusively on risk management and by having over 200 cumulative years of experience among its professionals. It offers a hybrid delivery model and can take on large, complex projects. Services include advisory on various types of risk like credit, market, operational, and regulatory compliance.
Anik & Associates is a law firm established in 2006 that provides legal services across various practice areas. The firm has experienced legal professionals and aims to deliver high quality services through standardized processes. Its objective is to be a leading global business law firm by building long-term client relationships, acquiring industry knowledge, pursuing excellence, and having global reach supported by local strengths. The firm has offices across India and handles litigation support, legal research, contract management, and document drafting for various corporate clients.
N.A. Associates is a professional services firm established in 2005 that provides taxation, corporate advisory, accounting, and IT services. The firm has a team of dedicated professionals with experience in accountancy, taxation, HR, software, and networking. Services include tax consulting, company formation, outsourcing accounting functions, maintaining records, and designing/implementing accounting software. The firm assists both individual and corporate clients.
APJ & Company provides a wide range of professional services including auditing, accounting, business consulting, IT services, financial consulting, and more. Their vision is to improve client business performance through execution excellence and long-term relationships. Their objectives are to provide high quality assurance services and commit fully to the profession. They aim to be a globally recognized quality service provider based in Gurgaon, India.
Peregrine Falcon Consultancy provides specialized outsourcing services including loan administration, management consultancy, financial consultancy, recovery and bankruptcy services, and legal services. It consists of professionals with experience in fields like accounting, engineering, law, and management. The company aims to be a single window solution for clients' outsourcing needs and emphasizes outstanding client services and cost effectiveness.
Optimum Afrika is a financial services provider in South Africa and on the African continent that is part of the Optimum Financial Services Group. It provides professional advice on financial planning areas like estate planning, risk analysis, investment management, retirement, and employee benefits. It offers services in short term insurance, medical aids, and legal services. Optimum Afrika aims to develop tailored financial solutions for clients using a team of skilled advisors and high-tech systems. As an independent entity, it has no conflicts of interest when advising clients.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
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An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
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2. INDIA’s FIRST & ONLY ONLINE ATTORNEY BASED
INTERNATIONAL DISPUTE MANAGEMENT & DEBT
RECOVERY SPECIALIST
... Converting Loss into Profit.
A Division of
AEREN IT Solutions. Pvt. Ltd.
Registered office: SCO 35, Second Floor, Sector -26, Chandigarh 160019
Tel- 91-172-5026057, Fax-91-172-2790260, Mobile-09814011278
E-mail: raman@ramanaggarwal.com
Website : www.indiadebtrecovery.com
3. “We are India’s first and only online Attorney Based
International Dispute Resolution Management &
Debt Recovery Specialists that offers total Integrated
Solutions right from Negotiation to Litigation, as
One Stop Shop, having Pan India and International
presence”
4. ABOUT US
IDR is a dedicated arm and “Strategic Business Unit” of our Knowledge Process
outsourcing services, founded by a team of experienced CA and Attorneys. We
commenced operations from 2006.
Founded by Mr. Raman Aggarwal an eminent Chartered Accountant having
experience of more than 22yrs in business & law.
Offer one stop solution for all type of Commercial Debt related issues, Founded by
senior professionals comprised of Law Attorneys, Accountants, Retired Judges and
Multiple Disciplined Professionals since 2006.
We have our presence in almost all the major cities in India with over 60 strategic
offices and a team of more than 144 highly accomplished law attorneys, retired
judges, accountants and management consultants
We have very strong presence in almost all the major countries (more than 50) in
the world through formal strategic alliance.
Our objective is to reach a positive amicable outcome, at times it is necessary to
manage the recovery through legal process, we do not delay in initiating litigation
having regard to the best legal options available like Law-Suit, Winding-up
petitions, criminal complaints, with the client’s prior concurrence approval. Once
in litigation, we routinely utilizes pre-judgments remedies to gain leverage
6. VISION
“Transform Dispute Resolution Management &
Debt Recovery Services”
MISSION
To deliver “long term benefits and measurable value” to our customers by
leveraging our:
Best people talent
Domain knowledge & expertise
Tenets of quality and innovation
Self sustaining processes framework
Cutting edge technology
7. VALUE PROPOSITION
Our value proposition is to ensure maximize recoveries at low cost with high
speed by delivering technology enabled Dispute Management & recovery
solutions.
Our long term objective is to ensure our clients, to deliver maximum values
through :
Maximum Recoveries
Cost Savings
Enhanced Productivity
Highest Standard of Quality
Continuous Process Improvement
Cutting Edge Technology.
Our Proven Flexible & Transparent Delivery Engagement Model
We believe in building long term relationship and long-lasting strategic
partnership.
8. OUR APPROACH
Maximizing recoveries and ensuring Cost reduction, through best recovery
practices, ethics best talent people, enhanced productivity, innovation, cutting edge
technology and timely delivery.
Hire best talents from respective industry and its development through continuous
education and training program.
Considerate and Courteous approach
Increased and sustained follow-up and pressure
Alternate Dispute Resolution
Best recovery practices
Highest standard of quality and ethics.
Flexible and transparent delivery and engagement model
Enhancing security, privacy and confidentiality
Robust governance
Risk mitigation through robust risk management framework
9. PRODUCT & SERVICES
We always adopt a considerate, friendly and courteous approach with the
debtors to ensure better business relationship whilst simultaneously
protecting the interests of our clients.
IDR offer full range of commercial (Business to Business) Debt Recovery
Services, in India. we cover:
Commercial Dispute Resolution Management & Debt Recovery services
Litigation and Judgment Collection Services
Skip Tracing Services
Consultancy Services
We cover all types of Business entities like:
Sole Proprietorship
Partnership
Limited Liability Company
10. DEBT RECOVERY STRATEGY
From early stage collections to legal services, IDR offers a full suite of
services to maximize your recoveries at low cost with speed. IDR
helps clients maximize their return on receivables at every stage of the
recovery cycle.
Our Debt Recovery cycle includes the following stages:-
AMICABLE NEGOTIATION
LEGAL NEGOTIATION
LITIGATION
11. AMICABLE NEGOTIATION
Telephonic Negotiations & follow up calls (5 times)
Friendly Letter/notice and Reminders (3)
E-mails (as per the requirements)
12. LEGAL NEGOTIATION
Friendly letters with full factual description and reminders (4)
Telephonic Negotiations & follow up calls (as per need subject to
minimum of 10)
E-mails (as per requirements)
Personal visits, if required
Legal Notice & Rejoinder (as per requirements)
Final legal Notice & Rejoinder
Complaints including criminal complaints before Regulatory bodies &
other Govt. Agencies, if instructed by Client.
13. LITIGATION
Our inhouse legal capabilities and expertise ensures enhanced
legal efficiencies, cost effectiveness and timely delivery with greater success.
Tele-Conference with the client to understand the whole issue.
One last attempt for amicable settlement in strong & persuasive tenor, personally or
telephonically.
Drafting and serving formal legal notice, if needed.
Decision on type of litigation such as Law suits, winding up petitions, Criminal
complaint under Section 138 of Negotiable Instruments Act
FIR & other criminal actions etc.
Preparation of petition, lawsuits or criminal complaints etc.
Seeking approval of draft from the client.
Filing & representing the appropriate civil &/or criminal proceedings against the debtor,
as the case may be.
Pursuing the litigation & obtaining the orders from the appropriate judicial courts or
quasi judicial authorities.
14. DEBT RECOVERY PROCESS FLOWCHART
Agreement with Client
Creation of ID & Password for CMS
Uploading/Submission of Claim Record by Client
Assignment of Claim to a Dedicated Team
Examination of Facts by the Team
Finalization of Strategy in Consultation with Committee
Commencement of Action
Reporting
Recovery
Closure of File
Return of Claim Records to Client
Payment of Handling Charges/Upfront Cost/Retainer Fee
Remittance
15. OUR TECHNOLOGY - “ONLINE CLAIM
MANAGEMENT SYSTEM” (CMS)
AEREN Collect TM – our proprietary enabled
technology - “Online Claim Management System”
allows every clients secure access to their own accounts
showing the history, progress, status, uploading
documents, generating reports etc. It is a complete
management and measuring recovery efforts/activities
tool. Through this tool you can see and track what
recovery efforts we have been putting in like calls log,
visit made, reminder sent, complaints and notice sent
etc.
…..Cond Next Slide
16. Client is provided with ID & Password.
All the actions at our end, are uploaded within 48 hours.
All files can be uploaded by the client using CMS
All Claims can be uploaded by the client using CMS
…..Cond Next Slide
AEREN CollectTM
17. CMS REPORTS
Open Claims report
Closed Claims report
Status report
Call Log Details
Personal Visit Details
Letters/Notices Sent Details
Responses/Reaction Details
Untraced Debtor Report
Collection Report
Remittance Report
Fees Report
Handling Charges and Upfront Cost Report
18. OUR ADVANTAGE
One stop shop, managing all phases of recovery cycle i.e. early stage collection to legal
services.
Best recovery practices & High success rate with timely delivery
Considerate and Courteous approach
Local presence in all major cities in India with 60 strategic offices.
Best talent pool of more than 144 recovery specialists and attorneys with continuing
education and in-depth training
International presence in major countries
Online Global Claim Management System- 24X7
Dedicated Recovery Team for each client
Delivering the Best ROI through maximizing recoveries and substantial Cost Savings.
No Recovery – No Fees – No Hidden Charges.
Deep Domain Industry Knowledge & Expertise
High quality services through substantive supervision, compliances, ethics & efficient
work flow processes
Long term & sustainable partnership.
Focused approach to recovery and risk management.
Flexible delivery models that provides scalability of operations at short notices.
Ensure timely delivery
Best-in-Class Process & Quality System
Low cost & Technology Enabled recovery Solutions
Scalability of Operations & Superior Controls
Continuous Process Improvement & Timely Delivery
Robust Information & Security Management System
19. Our Credentials
Our Recovery Success Rate is as high as 86% and as low as 52%
Our Year to Year business growth rate is 300%
Started in 2006, we touched business of more than 24 Million USD in 2010.
Fortune 500 Company such as , Google, Hewlett Packard. Mentor Graphics etc have
shown confidence and trust in us and are our key clients.
More than 98% of our clients are with us right from the beginning.
Our Facility cum Delivery Centre is worth more than USD 50 Millions.
A large pool of more than 144 Debt Recovery Specialists (comprised of Attorneys,
Indian CPA, etc.).
Geographic presence in more than 90 Major Cities in India and 60 Countries across
Globe.
Holding Membership of prestigious Institutions such as AICC, CII, PHD etc.
20. MANAGEMENT & TEAM
IDR has a team of over 50 professionals on roll and 144
strategic partners that includes CA/CPA, senior level
attorneys, MBAs, Commerce Graduate. The members of IDR
are highly skilled and competent professionals with years of
experience. They bring the highest level of professional
excellence, integrity and sound ethical and fair practices. They
are trained in the latest practices & technologies through our
continuing educational programs in accordance with the codes of
professional conduct and ethics.
…..Cond Next Slide
21. MANAGEMENT & TEAM
Raman Aggarwal (CA), Founder & Chief Mentor- A professionally qualified
Chartered Accountant having more than 25 years of experience to his credit, in the field of
Accounts, Tax, Legal Strategy, Planning and Business Management.
Anju Aggarwal (Architect), Co- Founder- A professionally qualified Architect with a
bankable experience of 20 years in the field of Architecture, Planning, Designing etc.
Simpy Gupta (Lawyer/Attorney), Co- Founder – A professionally qualified Law
graduate and Company Secretary, having more than 15 years of experience in Legal &
Corporate matters.
Arti ( MBA IIM) - Arti is a management degree holder from one of the India's most
prestigious business school IIM Calcutta with vast human resource and strategic management
experience from various indigenous organizations over the last ten years.
22. Case Study 1 (AMICABLE NEGOTIATION)
Client Back Ground, is a leading global Internet communications, commerce and media
company that offers a comprehensive branded network of services to more than 274
million individuals each month worldwide. Headquartered in U.S.A., and has offices in
Europe, Asia, Latin America, Australia, Canada and the United States.
Case assigned
Claim Amount: - 8,388,121(USD 200K)
Recovered: - 8,388,121 (USD 200 K)
Project Description Availed the advertising service in due accordance with the terms and
conditions stipulated in the Advertisement Insertion Order No.
Issue Involved
Dispute with regard to services.
Recovery Activities Undertook
Emails( 12) & Calls ( 14)
Accounts Reconciliation
Friendly Demand Letter
Final Outcome - It took around 56 days and 100% recovery was made.
23. Case Study 2 (LEGAL NEGOTIATION)
Client Background is a leading SPA and health service provider in India
Claim assigned:-
Claim Amount: - 2674116(USD 61000 )
Recovered: - 2674116 (USD 61000)
Project Description - Provides SPA Technology and Technical know how
I. Issue involved – (1)Dispute regarding services (2) Raises a fresh invoice as on date
(3) Treat the old invoice as a bad debt in your book of accounts and issue a current dated
invoice
Recovery Activities Undertook - Emails( 23) & Calls ( 18)
Friendly Demand Letter( 3)
Personal visit( 1)
Legal Notice
Final Outcome - Outstanding amount was recovered after sending the
legal notice under legal negotiation and after giving relief of 12%
24. Case Study 3 (LITIGATION {Amicable Negotiation To
Litigation})
Client Background: Company organized and existing under the laws of Poland and
company is engaged in the business of importing various stones, granite products and
enjoys immense reputation in the international market.
Case assigned Amicable negotiation to Litigation:-
Claim Amount: - USD 24500 & Recovered: - - USD 24500
Project Description: - Client transferred a sum of USD 24000 to supplied goods but
neither goods were supplied nor returned the advance amount of USD 4000.00.
Issue involved:-
Debtor was willful defaulter and cheating on our client
Recovery Activities :
1) Registration of criminal Complaint
2) Filing of Lawsuit in court
3) Check Bouncing Case
Final Outcome : We perused in the court for around 7 months and
finally he claim was settled out of court between the parties. Debtor has
released the outstanding debt but without interest.
25. Data Security, Confidentiality and Privacy ( ISO 27001-2005)
Data Security, Confidentiality and Privacy
IDR has adequate physical and non-physical arrangements to protect data security, confidentiality and
privacy (see below).
IDR agrees to implement such physical or non physical arrangements as suggested by the Client, with
mutual consent, to ensure data security, confidentiality or privacy to the satisfaction of the client.
Physical and Work floor Security
Screening of visitors/employees by a security guard during entry and exit for data storage media like CDs
USB drives and CDs are banned from work-floor
Data Security
Limited data movement from US as data is processed through remote access of client servers
All data is backed up regularly either in US server farms
Network Security
Segmented LAN with firewall protection
All ports except DNS and SMTP server are disabled for the external world
PC Security
Access to source documents is restricted to authorized employee only
No Fax and printing capabilities at the processing site
PCs used by processors do not have CD ROM drives
PCs used in processing are denied web access
Limited usage of paper in the work-floor
26. BUSINESS GROWTH CHART
(VALUE OF DEBTWISE)
Year Debt Value
2006 USD 0.75
million
2007 USD 2.00
million
2008 USD 4.00
million
2009 USD 8.00
million
2010 USD 24.00
million
2011 USD 35.00
millions
2012 USD 47.00
millions
27. BUSINESS GROWTH CHART
(NUMBER OF CLAIMWISE)
Year No of Claims
2006 82
2007 212
2008 344
2009 724
2010 1620
2011 3387
2012 4533
28. OUR SUCCESS RATE
(AGE OF DEBTWISE)
Debt Age Success
Rate (%)
75 days 86
6 months 75
9 months 70
1 year 66
2 years 52
29. OUR SUCCESS RATE
(TYPE OF DEBTORWISE)
Type of
Debtor
Success
Rate (%)
Low Follow Up 95
Account
Reconciliation
90
Dispute
Resolution
85
Not Good
Financial
Health
65
Wilful Defaulter 53
31. FEE STRUCTURE (METHOD 1 AMICABLE
NEGOTIATION)
Fee and cost Age of the claim
Less than 1 yearear More than 1 year
Upfront cost/handling
charges
1% 1.5%
Success fee 13.50% 15.50%
…..Cond Next Slide
32. FEE STRUCTURE (METHOD 2 LEGAL NEGOTIATION)
Fee and cost Age of the claim
Less than 1 yearear More than 1 year
Upfront cost/handling
charges
1.5% 2%
Success fee 15% 17.50%
…..Cond Next Slide
33. FEE STRUCTURE (METHOD 3 LITIGATION)
Fee will depend on the type of litigation
you choose
We take some retainer-ship amount at the
time of appointment and rest is linked with
success of the case
34. TERMS AND CONDITIONS
Handling Charges are taken by IDR in advance at the time of assignment of
claim. However, handling charges are adjustable towards the success Fee.
In case claims/accounts are transferred/moved from amicable negotiation to
legal negotiation by the client, 33.33% of the handling charges [paid by the client
under amicable negotiation method, will be adjusted against the handling charges
applicable to legal negotiation method.
Success Fee is payable on each recovered amount. If there is no recovery, there
is no fee.
All authorized (pre approved) out of pocket expenses are paid by the Client
separately.
Government Taxes are applicable on retainer fee and success fee as per the
prevailing rate.
37. OUR LOCATION
Located in Chandigarh, 160 miles
(towards North) from New Delhi
(Capital of India)
Own Facility in “Chandigarh
Technology Park” – a venture of
Chandigarh Administration,
Government of India.
IDR have our presence in almost all the
major cities in India with over 60
strategic offices. No matter where the
debtor is located across India.
Adjacent to Infosys, Airtel, DLF, Wipro,
IBM, The Grand Hyatt, Pride Asia-
Asia’s best self contained world class
township.
10 Km. from Airport, 3 Km from railway
station and 8 Km from the general Bus
stand.