Modern Debt International
Financial Services - Maastricht, Limburg, Netherlands
Modern Debt International Employees
Modern Debt International Senior Management
Modern Debt International Details
The Expert Collections Partner for Online Travel Agents (OTAs)For many years Modern Debt International has been the trusted and valued collections partner for several large online hotel booking companies. Our entire procedural infrastructure is based on the collection of overdue commissions invoices. We have collected outstanding bills from hoitels in more than 100 countries worldwide. All our dunning letters are readily available in 35 languages and, we can rely upon the support of a strong network of local collection agents which are all connected to our collections platform (Salesforce based)The largest travel agents (HRS, Booking.com etc.) are dealing on average with over 500.000 hotels signed up to its booking portal. There is a high volume of daily financial transactions with hotels in literally any place in world. Despite the growth of payment processors (Pegasus, Onyx, WPS, etc.) automating the commission payments, many relatively small invoices remain unpaid. Collecting these bills can be a very inefficient and cumbersome process due to communication, administrative, and language issues at the hotels.Our clients simply do not want to waste too many of their valuable resources, and our no-cure-no-pay collection services perfectly suit their needs:- We can address the specificities of the sector i.e. variety of (relatively small) clients/hotels, the many languages, and located everywhere(!) in the world.- We can process and accept daily assignments of any amount, in any language, for collection in any country.- We take up a tailored approach with understanding of the delicate nature of the sector. The travel agents and the hotel need each other.- We enable you to total centralisation of receivables management, so the TA does not have to deal with different DCAs in different countries.- We carry a certain enforcement authority. The Travel Agents are constantly faced with the same delinquent hotels. We know them, they know us!
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