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.
Virteo is an exchange and management platform allowing you to recover unpaid invoices by a large and growing community of connected Court Bailiffs and Lawyers
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.
Never before, the process of getting paid has been so transparent and end-to-end integrated
Centralized process control
Configure every step in the dunning process according to your policy, from first reminder to legal enforcement and all steps in between.
Manage & control internal & external services
Choose which steps are handled internally and which are handled by our community of lawyers and judicial officers.
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
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.
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.
All documents, all costs, every action is in the platform and can be viewed and evaluated. Hidden costs or hidden delays are impossible, the service provider performance can easily be measured.
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 and LawyersUse 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 lawyersoffices 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.
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