Get overdue invoices paid faster and reduce credit collection costsPut yourself in control of the largest community of legal services providers and collect your cash faster, more efficiently and with less overhead. Reduce costs and write-offs and prevent abuse.
Virteo is an exchange and management platform allowing you to manage the handling of unpaid invoices by your service providers in a more efficient, transparent and compliant process
Centralized process control
Configure every step in the dunning process according to your policy, from friendly reminder to legal enforcement and all steps in between. Define different processes according to the nature of the claim
Manage & control internal & external services
Choose which steps are handled internally and which are handled by the service providers of your choice. Our community of lawyers, judicial officers and other professionals grows continuously.
Choose who provides the service
Choose how case files are allocated: according to your vendor policy, according to debtor location or according to KPI's. You remain in control and you avoid vendor lock-ins.
Reports & dashboards
All actions are performed directly in the platform, your files are complete and up-to-date at all times, allowing for clear reports and dashboards. Performant BI analysis tools can be used to provide instant insights.
No file exchanges anymore
All service providers -lawyer, judicial officer, any other party you wish to engage- work on the same data on the platform. This lowers IT costs and ensures data privacy compliancy.
All documents, all costs, every action is in the platform and can be viewed and evaluated. Hidden costs or delays are impossible, potential fraud can easily be detected. The service provider performance can be measured and benchmarked.
If you care about a shorter cash cycle, if you care about optimising your internal workflow, if you care about fraud prevention, if you care about how your customers are treated and what practices are applied, if you care about data privacy compliancy
Hundreds of legal service providers have already engaged to provide their services through the VIRTEO platform. All Belgian jurisdictions are now covered by multiple court bailiff/lawyer offices, and our coverage is rapidly expanding to neighboring countries. This means that via a single platform, you can allocate case files to the service provider(s) of your choice. IT integrations and file exchanges are a thing of the past.
Files are allocated according to your business rules or vendor policy. No need for IT integration, one management console enables you to monitor and control the detailed progress of each file. All providers work in the platform, apply the same process and all data is structured in the same way and accessible to you. You get clear dashboards, easy reporting and straightforward reconciliation data.
This enables true KPI comparisons between your service providers. You can also test process variations and evaluate the result. The overall process becomes transparent and far more efficient. Unnecessary middlesteps and costs are eliminated and leadtimes become shorter. Cost-efficiency plus higher recovery rates result in considerable overall performance gains and faster cash recovery.
Corporations, SME’s and public institutions seamlessly integrate collection and recovery in their Order-To-Cash process.
You define who provides the service, who handles which cases, what process steps are internal or external and what your KPI’s are.
Corporations and Public InstitutionsStreamline your order-to-cash process while lowering the cost. Seamlessly integrate the dunning, collection and litigation process into your internal or outsourced process. Benefit of local legal professional services with personalized services, debtor knowledge and a sound balance between customer-preserving amical reminders processes and end-to-end legal collection.
Court Baliffs, Lawyers, collection agencies
Use Virteo’s SaaS solution to cover the total debt collection and legal enforcement process for unpaid claims and for the enforcement process of court decisions. Multiple court bailiff and lawyer offices collaborate on customers in dynamic association models. Virteo enables legal service professionals to provide integrated high volume services to large and medium sized end-customers. Optimized processes increase cycle speed and provide instant visibility while lowering costs.
Generaal Dewittelaan 9C / 16
+32 (0) 15 699 600