Debt Recovery Management (DRM)

The sales are complete when you receive your sales proceeds, but what if sale proceeds remain outstanding or your debtor refuses to pay for credit sales. In such cases, it becomes a nightmare for an organization. This nightmare is further intensified when management needs to provide explanation every year for outstanding debtors published in your financial statements.

Nowadays Debt Recovery has become the main constraint for the growth. Being the requirement of competitive business scenario, you can’t afford to avoid the sales on credit or advances.

Here, the process of, “Debt Recovery Management” is very useful which ensure that your debtors pay on-time and on another hand, implement the credit policy. “Debt Recovery management” is set of policies, checkpoints, expert advisory and legal actions, which include the following:

  1. Designing the policies based on the project, company and other factors
  2. Aligning the debt recovery policies with other policies and department
  3. To ensure the policy become an integral part of the system
  4. Before Sales Analysis
  5. Debtor profile analysis
  6. Preliminary investigation and discussion with opposite party
  7. Preparation of possible proposals with your consent
  8. Debt Execution
  9. Helping you with next course of action
  10. You can check the status at any time on our website

A proper synchronization of above activates would assure the complete recovery.

Get your first FREE consultation today


Latest Blogs

Our Latest Blogs

UP-RERA takes over Unnati Fortune’s deregistered Aryana Project
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test One of the first projects to be deregistered by UP-RERA and the subsequent proceedings will decide how well RERA will...
Impact of RERA so FAR
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test RERA, has taken cognizance of the multiple ways by which consumers have been cheated in the past, and provided for...
Critical Analysis of RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test The act was introduced to curb the mal-practices and the abuses caused to the customer. The act intends to protect...
A new tool in the hands of RERA Authorities
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The RERA Act empowers the Regulatory authority to call for information or conduct investigations. These investigations have been mainly in...
Brief Introduction to RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Over the course of the last two years, RERA has come up and grown as an effective weapon for consumers...