A Ukrainian software company was owed money by a commercial property company in Saudi Arabia. The Ukrainian company had done everything they needed to do delivering all the work according to the SOW of the Client Agreement.
But the Ukrainian company had not been successful in receiving payment despite offering the Saudi company a discount as part of a settlement. So they gave the debt to Payfor to collect.
Having analysed the debt, Payfor’s team started to email the Saudi company and managed to receive replies but in general, the communication was poor and the debt remained unpaid.
Luckily in a final call with the Saudi company, an Arabic-speaking Payfor executive got involved. The negotiation was handled in Arabic and even though it grew quite heated, in the end, a settlement amount was reached. The Saudi company and Ukrainian Creditor were both happy with the outcome and the debt was paid.
A recruitment company based in Portugal was owed money from clients in the UK, Portugal and Germany.
Payfor initiated its chase cycle emailing and phoning the debtors. 80% of the outstanding debt was collected.
Payfor works with lawyers worldwide and in a recent case in Germany, was able to provide the services of its German lawyer to successfully collect the outstanding debt using legal means.
An Indian software developer was owed money by an Australian company.
Payfor was able to collect the outstanding debt by negotiating a resolution between the two companies.
The Indian company delivered the digitally developed assets and the Australian company paid the outstanding balance in a series of payments via Payfor.
A Welsh SaaS business was owed money by a London financial services company. The debtor refused to accept calls from the creditor.
Payfor diligently chased the outstanding balance owed and negotiated a significant settlement that the Creditor was happy with.
The owed amount was paid to Payfor and transferred immediately to Payfor’s client who stated “Thanks very much. We’re hugely impressed by your success”.