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Omni Risk Management launch automated Debt Recovery programme with R T Law.
Omni Risk Management and R T Law co-operate on automated debt Recovery venture, designed for SMEs in the UK.
A spokesperson for Omni said, “It’s a great step forward for us, having a highly reputable firm of lawyers in the shape of R T Law, taking on this side of our business. They have great experience in this field and it can only mean a further increase in the quality of services we provide to our clients. We are very happy with the move.”
When asked if Omni were now moving into mainstream debt collection they answered, “Definitely not at this moment in time, as we see this as a bolt on service which complements our existing products. But the initial reception we have had from our clients has been very positive.”
The idea behind the Recovery programme, as it is termed by Omni, is to provide an economically sound, soft but effective approach to debt management for companies, at all times leaving the door open for mediation between parties until all else fails and the legal process of recovery takes over through the courts. Once the instruction comes from the client, the Recovery programme takes over and removes the doubt for the client as to whether their customers are being proactively engaged to repay or at least reduce their debt.
This move may well provide some solace for struggling SMEs in the UK who are struggling to reclaim monies owed to them from other customers.
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Omni Risk Management provide Financial Due Diligence solutions to companies who are looking to do business with other UK companies, or trade abroad.
Knowing who you are doing business with is ever more important in these challenging economic times.