Degree of digitalization in Europe: EOS survey shows that half of companies still have work to do

  • Only 49 percent of companies rate their degree of digitalization as high or very high
  • Just 17 percent already have a fully digitalized dunning system
  • 55 percent have hardly or only partially digitalized their dunning processes

Hamburg, October 23, 2019 – The digital transformation of European industry is currently a picture of two halves: Whereas half of companies give themselves high marks, the other half is only getting an average score for digitalization compared with others in the sector, or may even regard itself as having a below-average level of digitalization. A mere 14 percent of those polled state that their own company has a very high degree of digitalization, while another 35 percent rate their progress as high. These are some of the insights from the representative survey “European Payment Practices” 2019, which polled 3,400 companies in 17 European countries.

Digital dunning systems: majority of companies in a poor position

As the survey shows, the majority of European companies (55 percent) still need to catch up when it comes to digitalizing their dunning processes. 38 percent of firms have only partially digitalized their dunning systems, while 17 percent have hardly done anything at all about digitalizing these processes.



Fully digital dunning system


Dunning system largely digital


Dunning system semi digital


Hardly digitalized at all


The digitalization process necessitates a substantial financial investment

“As the figures show, more than half of the European companies polled have room for improvement in respect of their digital dunning systems. There is an acute need for action here to reduce payment defaults,” stresses Justus Hecking-Veltman, Chief Financial Officer of EOS Group. “A manual, analog dunning system is not just susceptible to errors but generally does not reach the customer on what is the most suitable communication channel for them at the best possible time.”

The financial expert sees the main reason for the slow pace of digitalization as being the significant investment needed to convert dunning processes. “The introduction of digital tools and processes calls for an appropriate mindset as well as substantial financial resources,” says Hecking-Veltman. “Not every company can afford it or wants to. At EOS for example, we invested around EUR 10 million in the last fiscal year alone in the digital upgrade of our core collection systems.”

Please find further information in our EOS newsroom.

About the EOS Survey “European Payment Practices” 2019

In partnership with independent market research institute Kantar, EOS conducted phone interviews with 3,400 companies in 17 European countries to ask them about the prevailing payment practices in their respective locations. In the spring of 2019, 200 companies with an annual turnover of more than EUR 5 million in each of the countries Belgium, Bulgaria, the Czech Republic, Croatia, Denmark, France, Germany, Greece, Hungary, Poland, Romania, Russia, Slovakia, Slovenia, Spain, Switzerland, and the UK answered questions about their own payment experiences and current issues relating to risk and receivables management. The annual survey has now been conducted by EOS no less than 12 times.

About EOS Group

EOS Group is a leading international provider of customized financial services. As a specialist in the evaluation and processing of receivables, EOS deploys new technologies to offer its some 20,000 customers in 26 countries financial security through smart services. The company’s core business is the purchase of unsecured and secured debt portfolios. Working within an international network of partner companies, EOS Group has a workforce of more than 7,500 and over 60 subsidiaries, so it can access resources in more than 180 countries. Its key target sectors are banking, utilities, real estate and e-commerce. EOS is part of Otto Group.


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