A large company had implemented an internal operation that involved the areas of administration, tax, accounting, risk and commercial to manage VAT recovery. This operation meant a long process that sometimes led to the expiration of the legal deadlines to request the recovery of VAT, as well as the application of numerous resources. With the implementation of the VAT Recovery Service:
-established a single interlocutor without the need for interdepartmental coordination
-they did not have to worry about the deadlines and negotiations with the AEAT
- they receive specialized professional service with no additional cost
- devote their resources to productive internal tasks
Result: more than €600,000 of VAT fully recovered for our large client improving its liquidity ratio
The tax base of this tax can be reduced when the credits are totally or partially uncollectible.
The modification must be made within three months after the end of the one year term from the time of the transaction accrual.
One requirement is filing the lawsuit.
State of insolvency cases: VAT recovery can be requested by means of the issuing the corresponding amending invoices, from the date on which the debtor's declaration of insolvency order is issued, without modification after the end of the month to be counted from the day following the publication in the BOE.
In GESICO we offer the VAT Recovery service without additional cost to the collection management service. Managements:
VAT recovery is complete for the customer.
A large company had old sentences against unpaid companies, which had already been provided as failed, in addition of having incurred numerous expenses in the judicial proceedings carried out by its previous firm (lawyer fees, etc. .)
Since we implemented the unpaid sentences service:
- 46 sentences were analyzed and 38 were reclaimed to the administrators. We did not charge any fees for this analysis.
- the new claim included the expenses previously incurred plus interest for late payment
- the new claims against the administrators were also carried out to success, invoicing only on the recovered
Result: more than €325,000 recovered to date for this large company improving its internal recovery ratio.
We analyze the possibilities of recovering of old sentences from other firms that are still pending of collection, even with a seniority of 10 years.
If the sentence is against a company, we analyze the feasibility of claiming by a judicial process against the administrator or board of directors, if it meets the legal requirements.
We have obtained more than 2,000 sentences against the administrators in all types of activity sectors
We have closed more than 3,000 agreements on administrator liability claims before judgment resulting from the strong legal approach.
To carry out the analysis of old sentences we elaborate:
If the analysis is favorable, the Collection with Bill on success Service will be carried out: billing only on the amount recovered.
If there is no viability to continue we do not charge any costs. The analysis is no cost to your company.
A large company did not perform any management with the unpaid ones that entered into state of insolvency, since it supposed a high cost to claim itself, in addition to the administrative steps to be carried out in the short terms established by the insolvency law.
Implementing the Insolvency Monitoring service involved:
Professional service to communicate the credit in term and to follow the evolution and result of the insolvency during all phases, which can last more than 5 years.
It is not necessary for your company to get involved with lawyers, so we avoid the high cost that would generate.
We currently monitor over 6,000 insolvencies, generating a fluid relationship with the insolvency administrators responsible for management.
Customer bill for collection management: € 150 per file + 10% on recovered (plus VAT)
General: € 300 per file (plus VAT)
Annex: VAT recovery service if the client contracts it without cost.
A large company had implemented a service in Spain in 2003 and had not updated their contract since then. We adapt the contract to subsequent regulatory changes, assuming for the company:
This generated greater legal certainty for the company and the reduction of the costs associated to un-payments and nonconformities manifested by the debtors.
A large company needed a service that would make their claims before reporting them to insurance. They contracted the service and are satisfied with its benefits:
Professional service to claim debts through a friendly way, compatible with credit insurance.
This is ordered to Gesico at least 30 days before the deadline established with the insurer to report the claim.
If we collect, it will not be necessary to report.If we do not collect, we do not interrupt the management that must be done in order to communicate the claim to the insurer.
This service provides immediate liquidity, reduction of internal costs, improvement in the conditions of the insurance policy, ultimately improvement of objectives and results.
Service on success, billing only on recovered, without fees or opening expenses. See conditions without commitment.
If Gesico does not communicate payment of the debtor, the client, before the expiration of the period, reports the claim to the insurer without having to consult Gesico previously.
It is also possible to negotiate with the insurer that the party not subject to compensation (from € 3,000) is legally claimed by Gesico.
A large company had to reduce the number of unpaid remittances which subsequently led to a significant administrative burden, due to the delay in the payment of overdue installments, as well as the numerous steps to be taken to claim unpaid maturities.
Implementing the Working Capital service they obtained the following benefits
Professional service of daily management of invoices due and unpaid with seniority less than 7 days from its expiration.
The recipient perceives that the requirement in payment is claimed from Gesico, with maximum professionalism and extraordinarily care of the commercial image of our clients, for this the "reminder" that they receive for the lack of punctuality in payment belongs to Gesico, exempting our client.
This service is totally flexible, so it allows a design adapted to the management requirements for each client.
Service on success, billing only on the recovered.
See conditions without commitment.
Design of the operative with the client adjusting the parameters to its specifications on:
Management of accounting impact with the recipient:
Any query is answered immediately by telephone and on the same day by email.
Our personal assistants integrate the Gesico Executive Direction and know in detail each case.
If you wish to make inquiries about your cases, we will contact you when we are told to adjust to your availability.
Your company does not have to worry about obtaining information about their cases, we facilitate it as it happens "just in time". Each email sent to the address you authorize includes:
Explicación detallada sobre la novedad de cada caso
- Detailed explanation on the novelty of each case
- The complete history of actions taken
- The legal notifications and which will be the next judicial phase
Maximum transparency highly valued by our customers.
All the communications that you receive via email are registered in your Virtual Office, 24 hours accessible with your personal keys in an agile and simple way. Access to our work system.
It is a communication channel widely used by our clients to consult or download information (history of proceedings, legal notices, VAT recovery invoices, court fees, etc.), to extract reports with updated data or to send us forms for the cases to claim.
From 10 cases in judicial management we send a report in Excel and PDF with files status.
We detail all the unpaid in management indicating:
Classification / definition according to friendly or judicial claim
Evolution of the recoveries volume by comparative chart for quarters and cases paid
We adapt the report to the needs of each company
We also elaborated a report with the main cases by amount for portfolios with a high volume of unpaid bills.
friendly or judicial / recoveries on date
brief summary of the current status and future steps to be taken
We adapt the report to the needs of each company
Gesico Management contacts the day that your company has availability and with the frequency you wish to hold a videoconference or call conference on the status of the cases.
We have previously sent a report on the agenda that your company needs in order to discuss it during the videoconference.
Subsequently we send a briefing or executive summary.
We offer additional services at no cost to our customers, as an added value to the collection management it is provided:
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