Incaso: INCASO Presents the Report for the Year 2013
INCASO Company, Part of the Group INKASSO Julianus, was founded in Moldova in 2009, although the group is active in the EU since 1994.
INCASO - the market leader on claims management of mass market from Moldova. INCASO is developing the claims collection activities of the telecommunications sector, microfinance, utilities, banks, etc.
INCASO is also an major player in the acquisition of claims portfolio especially from companies in the telecommunications sector, microfinance and banks.
In 2013, INCASO recovered for its clients 47 million lei, which also means 30% more than in 2012, and the total number of receipts / payments amounting to 1,000,000. At Group level, Julianus Inkasso recovered 65 Mln EUR clients.
The average efficiency of debt collection at pre-trial stage, for the year 2013, accounted for 70% for individuals and 40% for legal persons, directly depends on the age of the debt, debtors portfolio quality of Customer data accuracy.
Most debt INCASO has recovered for the telecommunications companies, Internet and TV. Debtors of these companies have performed over 500,000 payments, which means 55% of total payments. 15% of payments - return to the microfinance companies and banks, and 10% to companies of municipal services / utilities provide, the rest in B2B category.
In 2013, INCASO contracted about 200 new Customers / Creditors who have provided a creditors mass of 100 million lei and at Group level, Julianus Inkasso contracted about 2,200 new customers who have provided a creditors mass of 45 Mln EUR.
Currently INCASO processes about 90,000 of active debtors.
30% of the creditors mass processed by INCASO in 2013 the claims are taken over on the based to contract assignment. Most assigned claims belong to the telecommunications companies, TV, Internet, and the biggest claims were purchased from banks and microfinance companies.
INCASO not only recover debts and provide financial solutions to the debtors, firstly in form of staggered payment agreements, which stops the calculation of penalties and allow debtors pay their debts on favorable terms, individualized. By implementing the strategy to promote payment staggered agreements, INCASO succeeded to conclude about 7,000 agreements, 3 times more than those concluded in 2012.
Most bad payers remain: jurists, lawyers, civil servants, unemployed people or family who ultimately pays on the basis of judgment. And the debtor statistical portrait is the same: male, single, without children, aged about 30 years without stable employment.
It is important to note that has doubled the number of the scammers detected by INCASO.
Many of them relies on the fact that they have two citizens / two passports (60% of scammers have passports from ex-USSR countries). However, services of scoring offered by INCASO allowed the customers to reduce the number of the debtors-scammers 30% and the level
of bad debts from 12% to 32%, collaborating with INCASO having and a preventive effect.
2013 is certainly a reference moment in the development of INCASO."We ended 2013 with a turnover exceptional and receipts record net and the significant investments we have made in training for staff, in software certainly will pay off for years to come. We are a leading company on the market collection of claims / debt of Moldova and the principal player on the segment Acquisitions debt portfolios "- said Veaceslav Mîrza, Partner and CEO of INCASO.
"INCASO has contributed importantly to the overall results of the Group and its development in the approximately five years of operation is worth noticing" - said the President of Group Ülar Maapalu.
In 2013 INCASO has released for the first time in Moldova, a communication campaign, including on TV, addressed to persons with bad debts. It has promoted the second year consecutive the event "Day Without Debt" which we celebrate on November 17. And by the the Professional Association of Debt Collection Companies - www.apcd.md - managed to promote changes in fiscal policy for 2014 and in the Fiscal Code, is actively involved in adjusting the legislation to requirements and practices of the EU in the context of prevention bad debts and recovery of the pretrial way, judicial and enforcement.
INCASO has financed studies and surveys to analyze repeated the market and the bad debts, financial education of the Moldovans, also launched a program to support young professionals engaging students from different faculties, supporting various competitions.
INCASO was next, those who need sponsoring also charitable events.
The open and transparent communication with the debtors and the general public (via the media) is an essential element in achieving social and economic role of debt collection companies.
In 2011 and 2012, INCASO was designated by the Chamber of Commerce and Industry of Moldova, TRADEMARK OF THE YEAR, and, recently within the same annual competition was named Favorit of the Year 2013.
In 2014 Jualinus Inkasso Group will celebrate 20 years of activity on the EU market.
INCASO - Company no. 1 of collecting debts from Moldova, specializes in the collection of bad debts in the mass market category and has a mission to improve the payment culture and the level of financial education among the people and economic agents.
Members Spotlight
Current number of members 175
Latest Members & Partners News