Debts or receivables
The schedule of work a Member RMA processes in order to try and collect debts (also known as a Workflow)
On-going debts being collected
Profitable enough to warrant a cost investment
The levels of professionalism in approach an RMA can demonstrate e.g the training of its agents, how data is protected by the RMA, how secure are its payments process and client money, once debts have been collected etc
The arrangement whereby debt collection services are offered on a “commission on collection” basis
Criminal records bureau checks
A company, an organisation or individual who places debts for collection onto the Metwork platform
Group of debts/accounts/receivables
The layout of the debt information (usually on an excel file) that is transferred to the RMA.
RMAs based in the same country as the debt placer.
Formal checking process to establish the business credentials of a party
Secure online facility provided by RMAs (Metwork members) that supplies information and analysis to the debt placer on the progress of their accounts.
Laws and guidance governing the work of collection agencies
A formal procurement process where multiple bidders are invited to submit a detailed proposal
Materials and know-how that specifically are the creation of a particular party and as such are subject to ownership rights.
The debt collection system that the RMA( Metwork Member) works on.
A Receivables Management Agency or RMA, better known as a debt collection agency who may place bids to collect your accounts.
A company, an organisation or individual who places debts for collection onto the Metwork platform.
A rapid procurement process. Usually sent to “preferred potential bidders”
Amounts of debt that have been collected
If no debt has been collected in that reporting period the RMA must record a 0, as opposed to not recording a figure.
One payment based on a forecast of how much debt will be collected
Group of debts/accounts/receivables
Would be considered by all interested parties as a “fair proposal” based on the information supplied
Debts or accounts
The amount of debt that a member RMA predicts will be collected.
Receivables Management Agency/ Metwork member
A formal procurement process where multiple bidders are invited to submit a detailed proposal.
An amount an RMA will charge for finding someone who has disappeared from an address
Sending the debt amounts and personal information to the RMA so they can start collecting them
A legal action resulting in a court judgment awarded against the defendant
To cancel a placement of debts already on the Metwork platform
The difference it costs a Member to collect a debt and the commission they earn from collecting it.
Get your receivables under control by using the world’s best agencies to collect them!
METWORK is an independent value, price and service platform bringing debt placers and collection agencies together for mutually beneficial relationships. If you have debt that needs collecting all you have to do is to place it here so that one of the agencies can bid for your business – to either buy your debt portfolio or work on it on “commission on collection basis”. After considering offers from the platform’s debt collection agencies, you can choose the one that is most convenient for you. To better understand how you can make the best choice and how easily you can benefit from this unique service Metwork has explained the process in detail.
Founded in 2011 by an industry professional with more than 25 years’ experience, Metwork is with you every step of the way in providing you with all the necessary information and a specialised platform to get your debt collected quickly and professionally.
Its vision is to provide greater choice for individuals, companies and organisations alike when it comes to collecting debt by offering access to an already established network of debt collection agencies – that we refer to as RMA (Receivables Management Agencies) or Metwork Members . As a result, it cuts the cost of acquiring business for well-run agencies of any size who want to work with like-minded professionals.
Metwork provides businesses everywhere the opportunity to increase cash returns from their receivables by selling or placing them with professional trusted experts in the credit control industry who will protect and enhance their brand amongst their own customers.
Nowadays ‘Our network is our net-worth’, therefore it has never been more important for businesses of all shapes and sizes to work together and support each other while continuing to offer the best services possible.
Through this specialised platform, Metwork offers great value and many benefits to both the debt placer (Metwork User) and the collection agencies (Metwork Members).
In a post-pandemic world, everybody needs good cash flow and fast decision-making to recover debt. Complicated tenders do not serve this objective.
We’re dedicated to helping national and international businesses from multiple business sectors reduce their debt collection costs and increase their client retention efficiently. This means helping every user get better deals on those services.