Kenstone Capital emerges as the new one-stop solution for debt collection needs – ThePrint

New Delhi [India]March 3 (ANI/SRV): While the latest reports show a downward trend in the rate of collection and recovery of debts from banks and financial institutions, lenders continue to face significant financial losses. Apart from institutional lenders and banks, businesses that engage in credit-based B2B transactions are also largely plagued by the growing problem of debt collection.

Kenstone Capital Pvt Ltd., one of the nation’s largest and most trusted financial consultants specializing in collections and debt collection, has steadily established itself as the new one-stop solution for debt collection problems facing face B2B companies and institutional financiers.

A report from Atradius reveals that around 60% of B2B purchases are made on credit, and the numbers have increased significantly over time. Another report from Nexa Collections gives a solid insight that the chance of successfully collecting debt by the due date is 98%, which gradually decreases over time. The successful collection rate of B2B debts further decreases to 58% in 6 months, 27% in one year and finally to 14% in two years.

The B2B debt collection process is an entirely different process unlike B2C debt collection. Since B2B debt collection activities will have a direct impact on business cash flow and working capital, they must be approached with greater care and caution. Companies vouch for first party collection where no third party debt collection agency will play a role. Once the company cannot collect the amount owed within the given time, it is advisable to contact a third-party specialist to take over the B2B debt collection process.

This way, businesses can fully focus their time, effort, and resources on their core business, while third-party agents will manage the entire B2B debt collection process for the business. From the recovery of irrecoverable debts to the initiation of legal recovery proceedings, the third-party agents will participate in the issuance of letters of formal notice, the conduct of investigation work and, where appropriate, the action in justice against the debtor on behalf of the company.

Kenstone Capital’s role in mitigating and minimizing risk and successfully maximizing returns is simply essential. In a very short time, the company has helped hundreds of companies collect and recover their B2B debts that they even considered losses. Kenstone Capital has implemented a highly efficient and tactical system to assist clients with technical and other financial aspects regarding the transaction. The growing number of invoice-based B2B credit sales still prevails as an unavoidable risk factor in the business. Kenstone Capital mitigates the risk by taking responsibility for collecting the invoice at the end of the credit term on behalf of the business as a first step.

In the words of Nikhil Shetty, Director of Client Relations at Kenstone Capital Pvt Ltd, “As well as assisting our clients with debt collection and other related services, we aim to ensure maximum quality and professionalism in our operations. As well as just being part of the debt collection industry, we aim to become the face of the industry by giving it a much-needed reshape.”

All risks associated with the collection of invoices, even if they become bad debts, will be borne by Kenstone Capital throughout the process. The team of collection agents will be responsible for collecting the amount owed and collecting bad debts as a second step in the process. If the amount owed is not collected even after the second stage, Kenstone Capital has a dedicated team of lawyers to proceed with legal collection procedures. The company will take care of the entire legal process and even take action against the debtor in case the funds remain unpaid even after the third stage is completed.

Kenstone Capital therefore completely relieves businesses of the unnecessary headaches of B2B debt collection and the more hectic procedures that follow. They provide companies with top-down assistance in these areas and guarantee the return of the maximum plausible amount even in scenarios of extreme uncertainty. Additionally, Kenstone Capital’s services can be characterized by transparent pricing policies, which are followed by one of the lowest minimum collection balance requirement policies set by the company. In addition to B2B collection and debt collection services, Kenstone Capital also offers its clients credit repair services. The pandemic has severely damaged the credit score and CIBIL of a number of businesses which can rightly be corrected and restored with the help of Kenstone experts.

In the words of K Karunakar Shetty, Founder of Kenstone Capital Pvt Ltd., “The pandemic has been a major reason why many B2B companies and other financial institutions are suffering unfair losses and failing to reimburse contributions. Our resolute team of experts at Kenstone Capital is equipped with all the expertise and technical resources to ensure that your business gets the best possible returns from the debts owed. Our services will save you a lot of time, expertise and resources, which can be redirected towards a more rewarding objective”.

Kenstone Capital, established in 2018, has achieved significant growth in a very short time. With the level of expertise they provide, that too at a very affordable market rate, the business is expected to expand deeper and deeper into the domestic and international markets. Kenstone Capital is present in 28 cities across India and is an expert in B2B debt collection.

To learn more, visit: www.kenstonecapital.in

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