Monitoring the insolvency register

The insolvency module enables automatic monitoring of information on whether your business partner has an entry in the insolvency register, and automatic monitoring of information on whether the supplier is not an unreliable VAT payer, i.e. whether he fulfils his obligations in relation to the tax administration (for VAT payers).

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What you can use the insolvency module for

  • After entering the identification data of the subjects (ID or RČ) to be monitored due to insolvency or unreliability of the VAT payer, the module automatically monitors any changes; if there is a change in the entered subjects or if it appears in the insolvency register, the application sends an information e-mail to the relevant persons.
  • The insolvency register includes the entity against which the insolvency proceedings have been filed; if such an entity (supplier) enters the insolvency register, it becomes a risky entity for entering into further business relations.
  • The module also verifies the reliability of VAT payers - if a company that is a VAT payer purchases goods or services from an unreliable VAT payer, it is liable for the unpaid VAT on this taxable supply on behalf of its supplier if it was on the list of unreliable VAT payers at the time of the supply.
  • In the module it is possible to monitor information (and changes and new information) about insolvencies:
    • ongoing
    • all (i.e. already closed)
    • of natural persons by registration number or entrepreneurs/companies by registration number
  • Entities for which insolvency or unreliability of the VAT payer is to be monitored can be imported in bulk from Excel - a maximum of 100 companies/persons can be imported at any one time.
  • The limit for monitoring is 100 subjects/one subscribed user.

The use of electronic insolvency is gaining traction in the business world today as a way to manage and streamline the process. is a software platform that helps businesses automate their insolvency processes. With its secure, easy-to-use interface and intuitive automation, makes managing insolvency cases simple and efficient. Here are some of the key advantages of using for your company's insolvency management needs: 1. Time Savings – With, all relevant documents are stored securely in one place and accessible from anywhere with an internet connection, which eliminates the time wasted travelling back and forth between physical locations. 2. Automation – automates many of the tedious, time-consuming steps of the insolvency process. Tasks such as data entry, document processing, and filing fees are streamlined into automated workflows, reducing the chance of human error. 3. Improved Security – As all documents are securely stored within the system, there is reduced risk of sensitive data being lost or stolen. The system also comes with built-in fraud detection measures to help protect against malicious attacks. 4. Simplified Collaboration – The platform simplifies collaboration across multiple firms or stakeholders who need access to the same case files by providing a centralised platform for data sharing. Using for insolvency management helps save time and money for your organisation, as well as ensuring the security and accuracy of the process. With its simple and secure interface, it is no wonder that is becoming one of the most popular choices for companies looking to streamline their insolvency procedures.