Group Deals Streamlined B2B Debt Recovery Mechanism

Group Deals is a closed-circuit mechanism for streamlined B2B debt recovery Piraeus Bank offers to businesses that work together. Deals is a closed-circuit mechanism for streamlined B2B debt recovery Piraeus Bank offers to businesses that work together. Through Group Deals your company account is directly credited with your customer receivables. This way you eliminate all the disadvantages and costs of traditional debt recovery methods. 

How your business benefits

Enhance your liquidity

Collect your receivables online through a streamlined process. Once an order is completed, your customers’ account is debited and your company directly receives the amount due in its bank account based on a mutually agreed credit policy. This way you avoid potential delays caused by post-dated cheques or payments in cash and you increase your company's liquidity.



Limit your operating costs

When using Group Deals, you do not need to manage post-dated cheques or payments in cash. This way you contain your company's collection managing costs.



Your customers comply with the agreed credit policy

Through the streamlined online debt recovery system your customers learn to monitor and strictly comply with the agreed payment terms. This way you avoid potential postponement of your customers’ financial obligations towards your company.

How your customers benefit

Dedicated account

If your customers join Group Deals, depending on their individual credit rating, they may use a dedicated overdraft account, which may only be debited to pay debts to your company.



Streamlined debiting

Your customers’ account is automatically debited via a standing order based on relevant invoices from your company. .



Reduced operating costs

Group Deals increases your customers’ cash flow and facilitates the transactions between your company and your customers. Moreover your customers avoid all the disadvantages and costs associated with traditional payment methods.

How to join Group Deals

Group Deals is suitable for companies with:

  • Strong annual turnover

  • Regular and recurring sales to their customers

  • Regular and recurring sales to their customers

  • A strong market advantage in the sector they are active in

  • An organised accounting and IT department

To join Group Deals, both you and each of your customers must hold an account with Piraeus Bank. To learn more, email:

MpechrakisS@piraeusbank.gr

KerasiotisD@piraeusbank.gr