We treat your customers as if they were our own, fairly and taking into account their financial situation.
Contractual partners as well as their customers get insight into open claims and agreements at any time.
Due to our own technology, we work completely digitally and integrate seamlessly into your technical processes.
By addressing your customers individually on different channels, we optimize your success rates on a technical basis.
With a part of our proceeds we support sustainable or social projects and organizations – and you as a partner have a say.
How we deal with your clients
Your customers are important to us, therefore
- we discuss the desired tone with you in advance
- we enable an individual approach
- we communicate with your customers via various channels such as letter, email, telephone & SMS
- we offer your clients individual solutions such as installment payments, deferments or comparisons
- we enable your client to access to all of their data and various payment options via their own portal
What we offer you as a contract partner
Our standard services
- Extrajudicial and judicial dunning proceedings
- Monitoring and enforcement of titled claims
- Information and credit checks
Our additional services
- Individual payout periods on a weekly or monthly basis
- Online access for contractual partners, via which you can and may intervene in ongoing claims processes in real time
- Procurement of lawyer´s demands for payment as an additional escalation level before a court dunning procedure
- Procurement of legal advice through our partner law firm with a focus on IT, media and data protection law
- Support for social or sustainable projects and organizations of your choice
Our software as an individual solution
With our self-developed technology, all paths are open to you.
In addition, our contractual partners receive an insight into the entire communication history of their customers, including closed settlements, installment payments or the monitoring of titled claims.
This starts with extending our rest API to various functionalities in our software.
This concerns, among other things, the address / tonality of our cover letters - also classified according to our own characteristics - as well as the framework conditions for installment payments, comparisons or limits for a possible title.
In addition, we are one of the few providers to use a German provider for our cloud hosting.
In this way we enable the complete processing of your claims in a holistic view of your value chain.
In this way we enable the complete processing of your claims in a holistic view of your value chain and take care of the best possible result.
Transparency is our motto
Out-of-court dunning procedure
In the out-of-court dunning procedure, we not only assert your claim, but also our collection costs from your customer. If your customer does not pay, you will incur – fair and transparent – manageable fees. We would be happy to explain these to you in detail in a personal meeting.
In addition, we offer our contractual partners the option of commissioning our affiliated law firm if our dunning procedure is unsuccessful.
However, we will advise you in advance whether it makes sense at all from an economic point of view to seek legal dunning proceedings.
If this is subsequently sought and leads to a title to your claim, we expect an immediate settlement from your customer.
Partners & Associations
We want to achieve more – together with you.
1159 Finance stands for responsible action and supports social or sustainable projects and organizations with part of its proceeds. As a member of the Network for Leverkusen , we are already involved locally.
As a partner of 1159 Finance, you also have the opportunity to support a project or an organization of your choice with part of the proceeds you generate. Just talk to us.
Our technical expertise
Partners & Associations
We work in associations and with leading partners to achieve optimal results.
Around 500 companies from the field of receivables management are organized in the Federal Association of German Debt Collection Companies (BDIU) . Our membership is subject to the supervision of the association, which in particular also includes the Code of Conduct , which we implemented with effect from October 1st, 2020.
As a member company of the BDIU, we guarantee you a conscientious, fair and proper implementation of your receivables management.
The Bundesverband Digitale Wirtschaft (BVDW) eV represents the interests of companies that operate digital business models or use digital technologies in particular. In addition to being a member, we are involved in the Digital Commerce focus group, which focuses on the digitization of the customer journey .
Together with other members, we work on the topics of artificial intelligence, voice assistants and data protection in a practical way.
Deutsche Post Adress is the market leader for address updates and research. Their ADRESSRESEARCH solution bundles various relocation and deceased databases and also provides an interface to more than 5,000 residents’ registration offices. Thanks to the seamless integration , we provide a fully automated process.
In addition, we use a Deutsche Post database to validate the validity of the address sent to us when you create your claim, even before the first letter.
SCHUFA Holding AG is Germany’s leading solution provider of credit reporting and information services for companies and consumers. As a partner company, we have access to more than 1 billion stored information from 68 million people and 6 million companies as part of our receivables management.
In addition, as part of this partnership, we are constantly developing further offers that we integrate into our software.
We stand for your success
In addition, he has been involved in various associations for years.
He studied law at the Westfälische Wilhelms-Universität Münster, passed the second state examination at the State Judicial Examination Office in Düsseldorf after his legal clerkship and also obtained a Master of Law from the California Western School of Law in San Diego.
In addition, he has excellent IT and programming skills.
Due to his many years of experience as a Credit Manager Specialist, he has a long-standing international network including the industry associations BDIU and FENCA.
Just come to us
1159 Finance Ltd
Telephone: +49 (2173) 999 2160