Against the current
The economic tide appears to be turning on many fronts. Energy prices are at historic highs, interest rates, not so long negative, are rising by many percentage points and will continue to do so in the coming months. To make matters worse, the war in Ukraine is causing shortages in many areas and the uncertainty about its outcome is creating a lot of additional uncertainty in the market. Consumer confidence has never been as low as it is now. In sectors where things are still going crescendo, vacancies cannot be FILLED and wages are rising by sometimes as much as 10% or more. To the extent that we are not already in a recession, it will surely come in the near future.
Help, my customer doesn't pay!
From 1 October, deferred taxes have to be paid again and undue NOW benefits will have to be repaid. Borrowing money is no longer free and, as a result, payment problems may increase rapidly. Also because economic growth is slowing down. Companies are generating less revenue. They try to stretch their liquidity position by delaying payment of their invoices.
Outsourcing receivables management is solution to labour market tightness
Schedules hard to knit around, too few staff for too much work, new vacancies left unfilled. Recognisable? It is extremely difficult for many companies to find and keep good staff. Due to the tightness on the labour market, more and more companies are facing staff shortages. At the beginning of the third quarter of 2022, 38 per cent of companies indicated that a labour shortage was the main obstacle to production or operations. Just for comparison, the figure was 10 per cent at the beginning of last year.
Why choose credit insurance right now?
The explanation is pretty simple, fix the roof when the sun shines. Who does not know this expression? The economy has picked up tremendously after the coronadip and companies are delivering great figures for 2021. Bankruptcies are at historically low levels and credit insurers are accepting a lot of risk.
Factoring also suitable for financing stocks
Factoring has grown rapidly in popularity over the past 10 years. There are many reasons for this. On the one hand, the major banks are increasingly cautious in providing working capital financing due to stricter regulatory rules. On the other hand, this popularity also has to do with improving the product. More and more innovative parties have entered the market, making the factoring product more customer-friendly and certainly cheaper. As a result, the cost of factoring is often comparable to that of a normal business loan.
How to keep trading with confidence during upcoming recession
The chances of the Dutch economy falling into recession are rising, say ABN AMRO and Rabobank. According to the banks' economists, high inflation, clogged supply chains, interest rate hikes, labour shortages and lockdowns in China are the culprits. In this article, we discuss the impact of this mild recession and how you can continue to trade with your customers and suppliers with confidence.
Disadvantages of factoring: the 4 misconceptions of debtors: the most common arguments
Factoring has been around for many decades, but has boomed in recent years. This is because since 2017, due to new Basel standards, general banks have become more cautious about providing short-term loans to businesses. However, there are still some misconceptions that are seen as disadvantages of this modern form of financing. In this article, we address the four most common arguments against factoring.
Liquidity problems in the summer months - How do you arm yourself?
The holiday season is approaching. Many companies run into liquidity problems precisely during these summer months. Now perhaps even more so than in recent (corona) years. Several reasons can be found for this. Consider the government support measures that have been discontinued, raw material prices that are skyrocketing, skyrocketing energy costs, staff shortages, inflation that is at dangerously high levels, falling consumer confidence and the recession that lurks.
In this article, we explain where summer liquidity problems come from and, more importantly, how you can guard against them.
Xolv part of the Ecclesia Group: the benefits for you as a customer
In 2021, Xolv became part of the Ecclesia Group. This was a strategic choice of the shareholders. Especially in the insurance market, but also in the financial sector, a huge consolidation drive is taking place. In order to serve customers optimally and offer the best conditions, scale is needed. In this article, we explain why we are proud to be part of such a leading, international organisation and what the advantages are for you as a customer.
Vacancies
Xolv is a successful financial services company. That is why we have no fewer than 3 challenging Vacancies Senior Account Manager Sales Manager Risk Manager If you can make a difference then respond quickly #financial services #xolv #perspective #challenge #success number