Atradius Collections is one of the world’s largest credit insurance companies, providing credit insurance, guarantee and merchant account recovery services. Its new strategy is to further expand its international business in Dubai, UAE, and expand its expertise in global coverage.
Atradius Collections believes that understanding local businesses and culture is a key success factor in debt collection. Expanding operations in the UAE will enable the company to provide better debt collection services in the Middle East.
Economic growth has been modest in the region and trade has been under severe pressure due to an increase in the cost of doing business and geopolitical reasons. The number of runaway cases has increased disturbingly, resulting in many businesses struggling to recover their bad debts.
“The high uncertainty over trade tensions impairs the local economies that are already affected by a worldwide economic slowdown and fluctuating oil prices. This impacts payment morale. With our new local entity in Dubai, our customers will receive the support they need to recover their money. We are there where you need us,” said Raymond van der Loos, CEO at Atradius Collections.
“Considering the big event of Expo 2020 in the UAE, the governments in the Middle East increase their support for businesses. Our local presence will definitely boost our recovery rate and increase the confidence of our clients as well as the trade credit insurance policyholders of Atradius and its local partners,” said Vikas Malik, Country Manager at Atradius Collections.
About Atradius Collections
Through a presence in 33 countries, Atradius Collections provides trade invoice collections services in 96% of the countries across the world. Its wide breadth of services, ranging from first party to legal collections, helps companies around the globe recover unpaid invoices and manage accounts receivable.
SOURCE Atradius Collections
More information please visit: http://www.atradiuscollections.com
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