UNPAID INVOICES, THE ESSENCE IN 1 HOUR

Because we know that your time is valuable, we bundled the essence of a correct collection process in 1 hour. After that hour, the participants went ‘home’ (or at least away from the screen) with a few concrete tools at hand that should save a lot of time.

Themes: cash flow, general conditions and international debts

The content of the topics came out of our practical experience, with several example cases (both standard and exceptional situations) for illustration purposes. This information is intended for all our client types, so both SMEs and multinationals can dot the I’s and cross the T’s internally.

1. Cashflow: how to improve/protect?

I reckon that the following sentence is one of the most frequently used introductions that our employees hear on an almost daily basis: “I did not receive the invoice”. A popular way of extending the term of payment on the one hand, and avoiding legal and/or contractual costs and interest on the other hand.

However, this statement can be very easily countered, at least if you, as a creditor, take your precautions. Getting the invoice to the right person in the right way is one of the most important elements in improving/protecting your cash flow.

2. General conditions: what (not!) to include?

The fine print carries a lot of weight, so it is very important to formulate general terms and conditions correctly, in accordance with current legislation, and to include useful clauses depending on the sector. But beware: avoid clauses which impose more restrictions than rights on you as a creditor!

If concepts such as ‘retention of title’, ‘reciprocity & balance’ and ‘law of pledge’ sound unfamiliar to you, then be sure to thoroughly get acquainted with this topic.

3. International debts: how to collect them?

This chapter mainly deals with the situation in which the contract or general terms and conditions do not contain any concrete agreements, or when these do not exclude all ambiguity. The big question arises: which law is applicable?

Although it may seem paradoxical, it is therefore necessary to have legal knowledge in the amicable phase as well, in order to avoid discussion and possible legal proceedings. In our opinion, even more clarity and specification is required when the agreement applies across borders.

Request the white paper

The content of the white paper is in Dutch, so specific questions that are related to the above mentioned topics can be addressed to k.rutten@tcm.be .

19/10/2021

UNPAID INVOICES, THE ESSENCE IN 1 HOUR

Because we know that your time is valuable, we bundled the essence of a correct collection process in 1 hour. After that hour, the participants went ‘home’ (or at least away from the screen) with a few concrete tools at hand that should save a lot of time.

Themes: cash flow, general conditions and international debts

The content of the topics came out of our practical experience, with several example cases (both standard and exceptional situations) for illustration purposes. This information is intended for all our client types, so both SMEs and multinationals can dot the I’s and cross the T’s internally.

1. Cashflow: how to improve/protect?

I reckon that the following sentence is one of the most frequently used introductions that our employees hear on an almost daily basis: “I did not receive the invoice”. A popular way of extending the term of payment on the one hand, and avoiding legal and/or contractual costs and interest on the other hand.

However, this statement can be very easily countered, at least if you, as a creditor, take your precautions. Getting the invoice to the right person in the right way is one of the most important elements in improving/protecting your cash flow.

2. General conditions: what (not!) to include?

The fine print carries a lot of weight, so it is very important to formulate general terms and conditions correctly, in accordance with current legislation, and to include useful clauses depending on the sector. But beware: avoid clauses which impose more restrictions than rights on you as a creditor!

If concepts such as ‘retention of title’, ‘reciprocity & balance’ and ‘law of pledge’ sound unfamiliar to you, then be sure to thoroughly get acquainted with this topic.

3. International debts: how to collect them?

This chapter mainly deals with the situation in which the contract or general terms and conditions do not contain any concrete agreements, or when these do not exclude all ambiguity. The big question arises: which law is applicable?

Although it may seem paradoxical, it is therefore necessary to have legal knowledge in the amicable phase as well, in order to avoid discussion and possible legal proceedings. In our opinion, even more clarity and specification is required when the agreement applies across borders.

Request the white paper

The content of the white paper is in Dutch, so specific questions that are related to the above mentioned topics can be addressed to k.rutten@tcm.be .

19/10/2021