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As Europe’s SMEs push for a solution to the persistent issue of late payments, could voluntary prompt payment codes be the answer? Or should the authorities step in? Intrum has taken a closer look at some of the ongoing European initiatives for quicker payment.
A strong economic development and low interest rates have resulted in a high credit demand among Nordic consumers during recent years. Intrum's new report Nordic Debt Collection Analysis shows growth in the number of debt collection cases in Norway, Sweden and Finland.
This year’s European Payment Report shows that Sweden’s late payment times are rising, in contrast to much of the continent. Could a new voluntary payment code halt this worrying drift?
Escaping for a dream destination holiday can be the ultimate way to unwind and recharge the battery. But without a budget planned with care, the summer getaway can create more stress than relaxation – not to mention an intense financial headache.
Intrum’s latest European Payment Report finds that many companies are unaware of GDPR, a reform that comes with a hefty price tag.
Intrum organized a hackathon in collaboration with Tieto, IBM and Nordic Finance Innovation to create innovations to improve individual consumer’s financial wellbeing.
For almost 20 years Intrum has produced Europe’s largest collection of data about consequences for businesses in regards to late or non-payments; the European Payment Report. The data is frequently used by the European Commission as well as by governments across Europe.
On June 27th 2017, the combination of Intrum Justitia and Lindorff was completed, creating the leading provider of credit management services (CMS). Today, the company takes an important step towards consolidating the two companies by introducing a new corporate identity and brand name.
Anders Olsson is Team Manager at Intrum Justitia’s call centre in Gothenburg. He explains how his team helps those struggling with debt to turn their lives around.
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