Receivables Management
- Collection of distressed receivables
- (Co)Investment in distressed receivable portfolios
Receivables management is more important than ever in times of crisis: banks are holding back in issuing credit, payment performance is worsening and the experts are predicting an increase in company insolvencies. With almost 1,300 employees in the area of receivables management, the GFKL Group is strongly positioned.
Receivables Management
In the business area of Receivables Management, the company is taking care of more than Euro 23 billion in receivables. GFKL is one of the leading providers of receivables management services in Germany. The services include both administration in trust and the collection of distressed receivables; they also include the evaluation and purchase of such receivables. The classes of receivables range from real estate mortgages, including the utilization of collateral; they encompass consumers’ credits and volume-business receivables, involving small amounts, and go through to short-term receivables from commerce, tradespeople and industry.
With the service provider rating “Strong. Outlook Stable” from Standard & Poor’s, GFKL ranks among the three best-rated specialists on receivables management in Europe; in so doing, it commands the highest possible rating as a service provider.
