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Ormita offers businesses a way to collect bad debt
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Ormita allows the debtor to pay in products rather

than cash and will supply the creditor with
advertising or other goods and services in return.

This is useful for debts older than 120 days where

the debtor is ?
 to pay in cash.
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 ¦t is common for a
debtor to have surplus
stock but not surplus
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× ou may not need the product that the debtor
sells
× ¦t may be difficult to re-sell the products
immediately for cash
× ¦f product re-sold it is usually at a discount
× ¦f the debtor could not sell the products for cash
then it is likely that the creditor may also not find a
way to sell these products
      


www.ormita.com
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ou lodge details of the debt with Ormita

 

Ormita contacts the debtor

 

Ormita receives product from the debtor instead of

cash
 

ou now have a credit in your Ormita account

which you can utilise to purchase  goods
and services in the Ormita network.
 

ou     receive the same goods as the

Debtor has provided to Ormita. ou can select
from   other products or services in the Ormita
network.
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ou have just converted a bad debt into goods

and services that you need!
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×
ixes the problem of very overdue cash
× eceive value rapidly
× uicker than litigation
× aximizes the value of what is returned
× educes costs (collection, legal fees,
interest)
× educes risk (unpaid bills, business cash-
flow being affected)
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× ollect debt before it becomes too late!
× et in line before other creditors
× pend barter credit to buy what you
need
× Debtors pay with goods, making it easy
× se trade credits for advertising or
marketing
× Opportunities to purchase internationally
× Take action before it·s too late
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