KapitalKontroll LTD

Software as a Service

Launching the Nordic success formula for automatic reminders and debt collection in Cyprus

KapitalKontroll is Norway's leading supplier of systems for automated reminders and debt collection. More than 50% of the Norwegian municipalities use teh system and gain great advantages..

The system is now ready for small and large companies in Cyprus

In 2024, our customers called for NOK 3.7 billion in our system. More than 98% was principal, only 1.84% was costs, interest and fees. This system works for the better. The future lies ahead of us. We must stand together to create it the way we want. There are always solutions that are positive for both the customer and the supplier.

Contact us today for more information or become a customer here!

Bottom line, liquidity and satisfied customers are important. With KapitalKontrolls unique automatic reminder and debt collection system you will keep fee and interest income yourself. You get paid faster and your organization becomes more digital.

Here you can see a short demo of the future of debt collection

Q&A about automatic reminders and debt collection

What does their integration give us?
 KK2 effectively ensures that all invoices that are not paid when due enter into an automatic process that follows up on the invoice until it is paid or the case is sent to the bailiff.
You have full control over what happens, you decide and the money goes straight into your account.

Is it possible to customize for individual customers?
 Yes, it is possible to exclude certain customers from automatic reminders. You can also choose whether you want mild, standard or strict procedures.

What will this cost us?
 This will not cost you anything, on the contrary, you will receive new income since we share all interest and commission income 50/50.

The only fixed costs are only NOK 175 per month

What happens when the customer doesn't pay?
 If your customer does not pay the notifications from the system, the system sends the case to the Bailiff or the District Court, and the authorities handle your case in exactly the same way as when it comes from a collection agency. You will receive information from the authorities directly when the case is in the system and by email.

KapitalKontroll can assist in assessing whether cases should proceed to the bailiff and district court if desired, we also have our own lawyer with the right to attend.

Do we get professional and technical assistance if needed?
 Yes, KapitalKontroll offers all customers free support with a 2-hour response time during normal business hours. We have our own consultants who handle debt collection, in-house lawyers and developers, as well as a large support team who are ready to help you when you need it.

How much time will we spend on debt collection?
 Our customers say they actually spend less time with our system than when they used a debt collection agency.

All reminders will now happen automatically and it saves time.

Inquiries from customers are processed directly in our system and you can create installment agreements, send pre-filled emails and SMS with invoice copies and payment information.

There is no longer a need for 3-party dialogue between the customer, the debt collection agency and you, which saves our customers a lot of time.

What is the difference between debt collection and factoring? Factoring is an expensive solution. After a short while with our solution, most people will reduce the credit period by 10 to 15% and achieve the same liquidity effect as when using a factoring company without paying for it. Also remember that if the invoice sent is not paid after a collection process, it is you who must take the loss, not your factoring company.

What are the major advantages of KapitalKontroll and their automatic dunning and debt collection solution?
 You get faster payment and shorter credit terms, no overdraft fees, you always keep 100% of the principal, you have control over the process, lower fees for the debtor and ultimately more satisfied customers and employees since everything now happens automatically.

Is this integration right for me? The integration is suitable for those who want automated follow-up of outstanding invoices where you have full control, while at the same time having a tool that allows you to take cases to the Bailiff and the Conciliation Council if necessary. We digitize your finance function!

What is the feedback from your customers? This was much easier than we thought and we have received faster payment in addition to a new source of income

We avoid additional work with debt collection agencies and see that we actually save time with the automation and systematics in KK2.

Dunning options in the accounting system were dependent on individuals and took a long time, while it did not have a debt collection solution.

We are no longer dependent on project managers having to approve dunning proposals or on the financial manager being busy to get paid.

Can we get help with dunning and debt collection?
 Yes, KapitalKontroll has a separate department that can assist with all or part of the dunning and collection process. We also have our own lawyer who can assist in serious and more serious cases.

Are there many people using KapitalKontroll ?
 KapitalKontroll collected approximately 10% of all that was collected in Norway in 2024

Half of Norway's municipalities use KapitalKontroll's model for collecting outstanding debts and we have several large companies in Norway on our customer list + 100 small and medium-sized companies.

How does startup/onboarding work and what does it cost?
 Our system is set up for easy, fast and seamless implementation – so you can be up and running within 1 hour.

All old cases can be continued in the existing solution or transferred to our system.

Is assistance from KapitalKontroll expensive?
 No, it's free. The only thing you pay is a share of the fees and interest income you receive, while your clients receive low collection agency fees and we do all the work for you.

How is the connection to accounting systems?
 Everything is automatic and handled by KapitalKontroll which provides API or file-based communication via our SFTP server if you do not have cloud-based accounting. We send ongoing accounting documents so that interest and fees are automatically posted to the correct accounts

KapitalKontroll offers your company:

  • AUTOMATED PROCESSES

    Our cloud-based system for self-collection gives you automatic invoice follow-up and self-collection

    Choose from a wide range of custom procedures and get a collection process that suits your needs

    The vast majority of cases are solved automatically.

    We have skilled case officers who can assist in heavier cases if needed

  • PROFITABLE

    With our self-collection solution, the principal is always covered first.

    You always get 100% of the principal amount and there are no drawing fees. In addition, you will receive interest and fee income.

    Their customers get significantly lower fees.

  • Faster payment

    Our customers experience a significant reduction in credit periods.

    The payments come directly into your bank account

  • Integrated with the accounts

    Our self-collection system is integrated with all known financial and accounting systems.

    If you cannot find your financial system in our overview, please contact us.