Unfailing and up-to-date system for exchanging data about financial reliability of entrepreneurs and customers is an instrument that is especially needed where payments are non-cash and where there is a risk of delay. ERIF Register of Debtors is such a system.

ERIF Register of Debtors understands the need of individual approach to each company offering mass services or running a large-scale activity.

That is why ERIF Register of Debtors offers:

• data necessary for loan risk management (B2C and B2B),
• instruments improving payment practice and punctuality among entrepreneurs and customers,
• instruments  for accelerating turnover of receivables and improving cash flows,
• technology that enables transmission of large amounts of data and integration with the client’s systems,
• solutions for various industry sectors,
• data easy to integrate with the client’s scoring system,
• on-line access to the ERIF Register of Debtors database.

Your company can join this effective and fully legal system for exchanging data about overdue accounts of companies and individuals.

The following are the effects of co-operation with ERIF Register of Debtors most appreciated by our clients:

• avoidance of payment delays:

SERVICE:  stamping documents with a warning stamp informing about co-operation with ERIF Register of Debtors. Imprinted on invoices and reminders, the warning stamp is an instrument for encouraging timely payments. Statistics show that after receiving a reminder with the ERIF Register of Debtors logo, 50-70% of debtors pay off their debts immediately without the need to report their data to ERIF Register of Debtors.

• disciplining bad payers:

SERVICE: reporting debtor’s details to ERIF Register of Debtors. After having fulfilled all statutory requirements, the creditor is entitled to report information about a bad payer to ERIF Register of Debtors. The above possibility often serves as sufficient motivation for debtors to pay off their debts.

SERVICE: notification that the debtor’s details will be publicly available through ERIF. The above notification is printed on ERIF’s Register of Debtors letterhead and informs that the debtor’s details are already in the ERIF Register of Debtors database. It also repeats all the consequences of such publication that have previously been mentioned in the reminder sent to the consumer.

• verification of prospective contracting parties:

SERVICE: checking if details of a prospective contracting  party have been reported to ERIF Register of Debtors. As a result our client can receive a report on the contractor’s credit history. Such report contains all the information which can be found in ERIF Register of Debtors about the company or individual at the moment of preparing the report. It is also a very useful instrument for assessing the credit risk associated with a particular client’s customer.

• contractor monitoring:

SERVICE: an “early warning system” informing about financial difficulties of contractors. The service includes constant monitoring of a selected contractor or a group of contractors according to their NIP (tax identification) numbers. New facts about the monitored entity are immediately communicated to the client by e-mail. It should be remembered that financial problems of your key contractors may have a significant negative impact on your own company.

• debt collection:

HYBRID SERVICE: The service consists in conducting the entire debt collection process, including reporting the debtor’s details to ERIF Register of Debtors. As a result, effectiveness of the process is largely increased. Moreover, before registering debtor’s details in ERIF Register of Debtors, the debt collection company verifies all the collected information in respect of its conformity with legal requirements (amount receivable, due dates, etc.).