Geopolitically turbulent period
Doing business in many countries around the world is becoming increasingly complex. Do you have to take sanctions into account, are there export-restricting measures, what is the state of political stability, is the economy going well or badly, how is the local currency developing? All questions you can answer if you take a good look at the local situation of the country or countries you are doing business with. Buyers may be creditworthy, but if payments can no longer be made due to a shortage of foreign currency in the buyer's country, for example, as an entrepreneur you still run considerable risks of unpaid invoices. Not to mention a war breaking out, just think of the situation in Ukraine.
Should I do that, such credit insurance?
There comes a point when, as a business owner, you know you 'have to' do something with insuring credit. At least if you sell to other businesses and deliver on credit. You just want to make sure that late payments (or worse, non-payments) affect the health of your business. Because that's something to lie awake at night worrying about. After all, you just have to pay your suppliers too. And so much more...
Will it come to this?
In spring 2020, there was some uproar in corporate Netherlands due to the bill to lift the so-called pledge ban. As early as 2016, the Dutch Banking Association advocated for this change in the law. It did so together with FAAN, the association of which the larger Dutch factoring companies are members. In late 2019, the government finally put the topic on the agenda, followed by a bill in 2020. Only this proposal remained with the Lower House as the world came to a standstill due to the Covid-19 pandemic. Recently, there has been movement on the subject again. On 28 November last year, it was last discussed in the House of Representatives, after which it is planned to have a general debate on it. As far as we can tell now, it is scheduled for May 2023.
Growing in difficult times by swimming against the current
Enjoying the good things in life is easier in quality and comfortable clothes. This immediately explains the name of the Dstrezzed brand: a brand built on the belief that life is an adventure we should all make the most of. Bold, rebellious and authentic. Eric Aarden is the CEO of Dstrezzed, he is an entrepreneur who lives the brand value. A tad rebellious, against the grain, close to himself and definitely authentic. "I want to establish an iconic brand, a brand that will be around forever."
6 steps: what to do if a customer does not pay
Very annoying, customers who don't pay or don't pay on time. Cash flow comes under pressure and the likelihood of writing off the receivable only increases as time passes. What steps can you take?
Which industries are at risk?
After years of growth, there was talk of a downturn before corona broke out. When COVID-19 broke out, everyone expected the worst, but the economy remained intact due to government support measures. In fact, the number of bankruptcies was at its lowest level ever. Even now, the number of bankruptcies is still low, although the figures have been increasing since the end of 2022 and there seems to be an acceleration in 2023.
No scheming
A good partnership is all about trust. And about good services and service at the right prices, of course. But above all it is about trust. If you engage a broker, you want to be sure that no deals are being done behind your back. To put it bluntly. And we understand that like no other. As entrepreneurs, we too are always looking for parties we can trust. Who are transparent, who let us do business freely. That is precisely why we want to be very transparent about our working methods. And we cannot emphasise that enough.
What to look out for with Direct Lending?
Borrow money quickly without the intervention of a bank. A direct loan from a lender to a business, that is Direct Lending. With banks becoming increasingly reluctant to lend money, the bank less interested in certain segments and procedures becoming more bureaucratic, Direct Lending can be a serious alternative.
Increase your credit limit in 4 steps
More and more frequently and intensively, we mediate to get higher coverage for our clients. As the economy is recovering and prices are rising, we see an increasing need for this. In this blog, you will read about the steps required to apply for an increase and a so-called Top-Up limit, an additional credit limit.
No solution? Impossible!
What's in a name? In the case of Xolv, everything! Thinking in solutions is not only in our name, but above all in our DNA. It is a sport to get to the heart of the problem, only then can we devise and present suitable solutions to our clients. What that delivers? A reduction in our customers' financial risks and, at the same time, an increase in available working capital.