End coronasteun: create insight into your financial situation with a business plan
At the beginning of April, the government will discontinue the corona-aid package. This means entrepreneurs will have to start repaying their tax debt and face a huge financial challenge. A well-founded business plan offers a solution!
Political risk cover in your credit insurance contract or not?
Xolv gets a lot of questions about whether there is now political risk coverage as a result of the war between Ukraine and Russia. An easy question, but a somewhat complicated answer. In this article, we provide the clearest possible answer to this question.
Paul van Uden: 'From one crisis to another'
COVID-19 gripped us for 2 years and had a huge effect on global society. Back to normal was something everyone wanted. And then came the Russian invasion of Ukraine and now the world is once again turned upside down. In this article, Paul discusses how you can protect your business from non-payment from buyers based in countries with political unrest and thus continue to do business safely.
Set up these online alerts and stay informed about your credit insurance
With ongoing digitalisation, credit insurers are increasingly communicating with its customers online. In this article, we provide an overview of notifications, messages and alerts in your online customer portal that relate to your credit insurance.
In the online customer portal, you can set how you want the credit insurer to keep you informed. Often this is by mail, online or both.
7 features of well-functioning credit management software
With credit management software, you make your customers' payment behaviour transparent. This allows you to make choices in advance, take targeted action and limit risks. It helps you select customers, follow up on invoices and create reports. With this software, it is easy to set up a targeted approach per customer segment and you can automate the entire process from order to cash. In this article, we discuss the 7 features of a well-functioning credit management software package.
The benefits of automation in optimising your working capital
Business automation is probably not the first thing you think of when the subject of working capital finance comes up. Yet the two are indeed related. In this article, Fred Soers, managing partner of Xolv, gives his views on the developments in the market around automating working capital processes.
Whereas earlier, very earlier, communication with the banker was by letter, today everything goes electronically. Not only daily communication, which goes by e-mail or even by WhatsApp, but even the entire contract formation, is increasingly going by electronic means. For example, through online portals where financiers 'share' contract documents.
This form of communication with the funder does not require sophisticated tools. E-mail and an internet browser usually suffice. As long as a company finances itself with loans and a standard bank credit, the banker does not place high demands on the borrower's automation.
Dirk Schaffrath, Owner-Director TCK Sports Group: 'As an importer, you have to offer customers something extra'
In 1993, Dirk (51), the eldest son of Guido Schaffrath, joined his father's company at the age of 23. Initially to automate stock, orders and invoicing. For this, he was given cart blanche by his father, who himself was used to still doing everything on paper. Xolv is impressed how, thanks to advanced automation, the company now offers manufacturers and retailers unique added values.
Manage your credit insurance with the Policy Manager!
Automating work processes has become an integral part of our society. Everything has to be faster, more efficient and error-free. Even in the areas of credit management, finance and credit insurance, processes are highly automated. This also makes it possible to link systems from several parties via APIs and interfaces. Paul van Uden, managing director of Xolv, explains how Xolv has done its bit to automate credit insurance work processes with the help of Polismanager.
Besides automating credit insurance work processes, the Policy Manager also exchanges information between the credit insurer, the insured company and Xolv.
Benefits of debtor management: from strategy to execution. Roadmap included!
An effective accounts receivable policy better protects your business from late payments and customer defaults. One of the main benefits of effective debtor management is the ability to get a clear picture of your company's finances. This allows you to avoid unnecessary credit risk and seize opportunities. In this article, we describe the components of debtor management step by step, from strategy to implementation.
Everything you need to know when taking over and financing a business
Buying a business, big or small, is an intense event for both the buyer and the seller. It is in no way comparable to buying or financing a house or business premises. In this article, we discuss issues you should consider when taking over and financing a business.