Corona is hitting the world economy extremely hard. Many sectors are becoming more and more challenged. It is, therefore, to be expected that this will have a domino effect. The banks in our country are very worried about the wave of defaults that awaits us. KBC, for example, has already set aside EUR 845 million to absorb the losses incurred by companies and individuals who are unable to repay their debts. ING foresees 1.3 billion Euros for the same reason.
We have a new colleague ... Jens! Jens has been here since March 16th but due to the corona problems, we have only now been able to send him to the photographer. Jens is responsible for the "happiness" of our clients. He manages our client files and assists them in word and deed. He will personally see to it that the processing of your file goes smoothly from A to Z.
Day after day, we at Unpaid work hard to help you as an entrepreneur collect unpaid invoices as quickly and efficiently as possible.
To make it even better, we have strengthened our ranks since the end of January with Frédéric Steyaert. Descended from an entrepreneurial family, customer care is in Frédéric's blood. He also managed a credit management company for 7 years.
Starting from 29 April 2020, large companies will no longer be able to impose payment terms of more than 90 days on SMEs. In the past, large companies have sometimes taken advantage of their position of power over smaller contractors. Suppliers would be pressured to accept long payment terms of up to 120 days or more. Those who objected would lose out on major contracts. The new law of 29 May 2019 changes all that.
As of today, Unpaid has added Octopus to the list of software platforms with which integration is possible. Octopus is a Belgian pioneer in the field of internet accounting with more than 35.000 client files. Thanks to this latest integration, Octopus customers can now seamlessly use the Unpaid collection platform.
Today we party and celebrate Unpaid's birthday! Three years ago we took our first baby steps and today we are a growing, dynamic start-up. Looking back once in a while is always a good thing. And it has to be said, we are shocked at how much we have been able to achieve in the last three years. Today is one of those days where get to show off.
On 21 November 2019, following the annual Credit Expo, the Credit Management Innovation Award was awarded. This award is awarded to companies with exceptional, ground breaking, innovative, surprising initiatives that had a significant, demonstrable positive effect on the quality of credit management.
Today our blog received a facelift. We have always found it important to keep you informed, whether it's news about credit management or how Unpaid can help you. Because this is very important to us, we thought it was time to bring some structure into these contributions.
In July 2019, the procedure for the collection of undisputed debts, also known as the IOS/RCI procedure (Invordering onbetwiste geldschulden/Recouvrement de Recouvrement de créances incontestées) will have existed for 3 years. This legislation forms the basis for everything we do at Unpaid. Thanks to this law, companies now have the ability to collect undisputed, unpaid invoices through a fast, simple, streamlined procedure. Unpaid has specialised in facilitating this procedure and it hasn't gone unnoticed. Already in 2017, we won the prestigious European “innovative Lawyers award” from the Financial Times.