GlobalCollect(TM) and Intrum Justitia Collect Bad Debt, Worldwide with DebtCollect

Minimizing Worldwide Collection Risks Helps Companies Stay Fit and Survive



Apr 11, 2001, 01:00 ET from GlobalCollect(TM)

    SAN FRANCISCO, April 11 /PRNewswire/ -- GlobalCollect(TM) today announces
 its new bad debt recovery service DebtCollect.  DebtCollect is developed in
 co-operation with Intrum Justitia, Europe's largest receivables management
 company, and will be available for GlobalCollect customers worldwide.  The bad
 debt collection service will be a "no cure -- no pay" service.  Companies can
 initiate DebtCollect either remotely or from within a country, regardless the
 locations of their customers or the variety of payment methods.  New countries
 are integrated, without incremental costs, while the automated reconciliation
 saves on administration and other costs.  DebtCollect can also be tailorized
 to the company's needs, for instance with call center facilities.
     DebtCollect provides a fitting solution for both retailers and e-tailers.
 As an extension of the existing InvoiceCollect Service, companies worldwide
 can outsource their complete consumer billing and bad debt collection, by
 using a single interface with GlobalCollect.  Ron Vollebregt, vice-president
 of business development at GlobalCollect, states: "This solution gives both
 retail and e-commerce companies the opportunity to optimize their cash flow
 without additional costs."  Marcel van Es, Managing Director of Intrum
 Justitia in The Netherlands, adds: "The co-operation between GlobalCollect and
 Intrum Justitia offers exporters administrative flexibility, allowing them to
 focus on their core activities and to achieve their growth targets."
     Also the DebtCollect interface comprises a combination of collection
 instruments, technologies and reporting options.  Another advantage of the
 service is the localized approach, based on local payment cultures,
 regulations and collection procedures.  DebtCollect includes an optional
 currency conversion.
 
     The DebtCollect service allows merchants to improve their business
 efficiency and effectiveness using our global collection network and
 reconciliation expertise.  The DebtCollect flow is as follows:
 
     *     A company sends its collection files to GlobalCollect
     *     GlobalCollect processes and re-formats the files and submits these
           instructions to Intrum Justitia (including optional conversion to
           local currencies)
     *     Intrum Justitia prints and mails standardized requests for payment,
           including interest and collection fees, according to local
           legislation.
     *     Intrum Justitia motivates the customers to settle the invoice by
           local payment methods.
     *     GlobalCollect automatically reconciles the collected money with the
           open invoices and reports frequently to the company
 
     The DebtCollect Service illustrates GlobalCollect's overall commitment to
 offer a flexible, comprehensive and cost-effective range of services, that can
 be tailored to individual company's requirements.
 
     Overdue debts threaten companies
     Late payment damages companies.  The majority of companies say overdue
 debts cause problems to their cash flow, restrict the growth of their company
 or even threaten their survival, as revealed by a survey into European payment
 habits carried out by European market research company NOP for Intrum Justitia
 and supported by the European Commission.  More information can be found on
 http://www.globalcollect.nl/news/pressreleases/popups/press_popup_005.html
 
     About GlobalCollect (TM)
     GlobalCollect(TM) started in 1994 and has shown a yearly growth rate of
 over 50%.  In the year 2000 more than 7 million transactions were processed,
 with a total value of $ 800 million worldwide. GlobalCollect(TM) serves more
 than a thousand clients.  GlobalCollect is dedicated to innovation, in order
 to best serve her clients with payment solutions for the international market.
 The company is a subsidiary of TNT Post Group N.V. (TPG).
     For more information see: http://www.globalcollect.nl.
 
     About Intrum Justitia
     Intrum Justitia is Europe's leading receivables management services group.
 The Group has a turnover of EUR 200 million with 1,800 employees in 21
 European countries. Intrum Justitia offers efficient high quality management
 of commercial and consumer receivables. Intrum Justitia has a growth strategy
 and aims to take active part in consolidating its industry. For more info,
 please visit: http://www.intrum.com
 
 

SOURCE GlobalCollect(TM)
    SAN FRANCISCO, April 11 /PRNewswire/ -- GlobalCollect(TM) today announces
 its new bad debt recovery service DebtCollect.  DebtCollect is developed in
 co-operation with Intrum Justitia, Europe's largest receivables management
 company, and will be available for GlobalCollect customers worldwide.  The bad
 debt collection service will be a "no cure -- no pay" service.  Companies can
 initiate DebtCollect either remotely or from within a country, regardless the
 locations of their customers or the variety of payment methods.  New countries
 are integrated, without incremental costs, while the automated reconciliation
 saves on administration and other costs.  DebtCollect can also be tailorized
 to the company's needs, for instance with call center facilities.
     DebtCollect provides a fitting solution for both retailers and e-tailers.
 As an extension of the existing InvoiceCollect Service, companies worldwide
 can outsource their complete consumer billing and bad debt collection, by
 using a single interface with GlobalCollect.  Ron Vollebregt, vice-president
 of business development at GlobalCollect, states: "This solution gives both
 retail and e-commerce companies the opportunity to optimize their cash flow
 without additional costs."  Marcel van Es, Managing Director of Intrum
 Justitia in The Netherlands, adds: "The co-operation between GlobalCollect and
 Intrum Justitia offers exporters administrative flexibility, allowing them to
 focus on their core activities and to achieve their growth targets."
     Also the DebtCollect interface comprises a combination of collection
 instruments, technologies and reporting options.  Another advantage of the
 service is the localized approach, based on local payment cultures,
 regulations and collection procedures.  DebtCollect includes an optional
 currency conversion.
 
     The DebtCollect service allows merchants to improve their business
 efficiency and effectiveness using our global collection network and
 reconciliation expertise.  The DebtCollect flow is as follows:
 
     *     A company sends its collection files to GlobalCollect
     *     GlobalCollect processes and re-formats the files and submits these
           instructions to Intrum Justitia (including optional conversion to
           local currencies)
     *     Intrum Justitia prints and mails standardized requests for payment,
           including interest and collection fees, according to local
           legislation.
     *     Intrum Justitia motivates the customers to settle the invoice by
           local payment methods.
     *     GlobalCollect automatically reconciles the collected money with the
           open invoices and reports frequently to the company
 
     The DebtCollect Service illustrates GlobalCollect's overall commitment to
 offer a flexible, comprehensive and cost-effective range of services, that can
 be tailored to individual company's requirements.
 
     Overdue debts threaten companies
     Late payment damages companies.  The majority of companies say overdue
 debts cause problems to their cash flow, restrict the growth of their company
 or even threaten their survival, as revealed by a survey into European payment
 habits carried out by European market research company NOP for Intrum Justitia
 and supported by the European Commission.  More information can be found on
 http://www.globalcollect.nl/news/pressreleases/popups/press_popup_005.html
 
     About GlobalCollect (TM)
     GlobalCollect(TM) started in 1994 and has shown a yearly growth rate of
 over 50%.  In the year 2000 more than 7 million transactions were processed,
 with a total value of $ 800 million worldwide. GlobalCollect(TM) serves more
 than a thousand clients.  GlobalCollect is dedicated to innovation, in order
 to best serve her clients with payment solutions for the international market.
 The company is a subsidiary of TNT Post Group N.V. (TPG).
     For more information see: http://www.globalcollect.nl.
 
     About Intrum Justitia
     Intrum Justitia is Europe's leading receivables management services group.
 The Group has a turnover of EUR 200 million with 1,800 employees in 21
 European countries. Intrum Justitia offers efficient high quality management
 of commercial and consumer receivables. Intrum Justitia has a growth strategy
 and aims to take active part in consolidating its industry. For more info,
 please visit: http://www.intrum.com
 
 SOURCE  GlobalCollect(TM)