With over 22 years of experience in the market and approximately 1,100 projects managed over the years, CITR has been the leader in the insolvency and restructuring market in Romania since 2008.
In recent years, CITR has expanded its client portfolio with major names, including handling two of the most high-profile bankruptcies in the Romanian insurance sector: City Insurance (2021) and Euroins (2023). The high volume of work triggered the need for specific digitalization solutions, as well as an efficient internal organization and alignment with market trends in legal services. As a result, CITR began the process of identifying a flexible and sustainable digital transformation solution to address the dynamic needs of the organization and enable easy document management, communication between departments and applications, and real-time monitoring and display of data and information.
"Without digitalization, we would not have had the time to take on other projects. Digitalization allowed us to take on much more complex projects, such as City Insurance and Euroins. We were impressed with the Encorsa team's ability to understand the internal procedures and the type of business in a very short time. They understood exactly the purpose of the digitalization project, they understood our workflow, and this is rare in the market, especially in such a complex area as insolvency and restructuring."
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