How a Ukrainian company achieved a satisfying settlement

The Ukrainian company had done everything they needed...
May 2, 2021

How a Ukrainian company achieved a satisfying settlement

The Ukrainian company had done everything they needed...
May 2, 2021

A Ukrainian software company was owed money by a commercial property company in Saudi Arabia. The Ukrainian company had done everything they needed to do delivering all the work according to the SOW of the Client Agreement.

But the Ukrainian company had not been successful in receiving payment despite offering the Saudi company a discount as part of a settlement. So they gave the debt to Payfor to collect.

Having analysed the debt, Payfor’s team started to email the Saudi company and managed to receive replies but in general, the communication was poor and the debt remained unpaid.

Luckily in a final call with the Saudi company, an Arabic-speaking Payfor executive got involved. The negotiation was handled in Arabic and even though it grew quite heated, in the end, a settlement amount was reached. The Saudi company and Ukrainian Creditor were both happy with the outcome and the debt was paid.

More Blogs

How Does Legal Recovery Work?

What is legal recovery? Did you need to understand how to issue legal proceedings against a company that owes your company money on the other side of the world?
Read More

What is Global Debt Collection?

Global debt collection is when a collection agency or company actively tries to collect debts from debtors across international borders.
Read More

What is Commercial Debt Collection? – An Introduction.

Commercial debt collection is the process of the recovery of outstanding amounts of money owed by one commercial entity to another.
Read More

How to Collect Debt From a Business That Repeatedly Refuses to Pay What They Owe

At the start of the Covid Pandemic in the UK early 2020, companies started owing each other money left, right and centre…
Read More

How we overcome frustrating debt collections

A Welsh SaaS business was owed money by a London financial services company.
Read More

Indian software developer got that Payfor feeling

Payfor was able to collect the outstanding debt by negotiating a resolution between the two companies.
Read More

How a Portuguese company got 80% of the outstanding debt collected

A recruitment company based in Portugal was owed money from clients in the UK, Portugal and Germany.
Read More

More Case studies

How Does Legal Recovery Work?

What is legal recovery? Did you need to understand how to issue legal proceedings against a company that owes your company money on the other side of the world?
Read More

What is Global Debt Collection?

Global debt collection is when a collection agency or company actively tries to collect debts from debtors across international borders.
Read More

What is Commercial Debt Collection? – An Introduction.

Commercial debt collection is the process of the recovery of outstanding amounts of money owed by one commercial entity to another.
Read More

How to Collect Debt From a Business That Repeatedly Refuses to Pay What They Owe

At the start of the Covid Pandemic in the UK early 2020, companies started owing each other money left, right and centre…
Read More

How we overcome frustrating debt collections

A Welsh SaaS business was owed money by a London financial services company.
Read More

Indian software developer got that Payfor feeling

Payfor was able to collect the outstanding debt by negotiating a resolution between the two companies.
Read More

How a Portuguese company got 80% of the outstanding debt collected

A recruitment company based in Portugal was owed money from clients in the UK, Portugal and Germany.
Read More
Your global
recovery specialists.
Global Address
UK - 67-74 Saffron Hill, London EC1N 8QX

DE - Kantstrasse 162, 10623 Berlin, Germany
Copyright. Payfor 2022. London.