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.
Why it makes sense to insure one-off transactions too
There was a time when insurers only insured a company's entire turnover. Later, it became possible to make a split between domestic and foreign and now organisations can also insure some or even a single buyer or transaction. Why this is wise in some cases, you will read in this article.
High oil price leaves currency world cold
The rise in oil prices is completely bypassing the Russian rouble. This has everything to do with fears of an invasion of Ukraine and the prospect of a series of interest rate hikes in the United States.
6 things that are important when choosing a warranty provider
The market of guarantees has developed into a mature market in recent years. Before the financial crisis, apart from banks, only a few other parties dominated this branch. This is in contrast to recent years where many providers entered this market. In this article, we explain 6 things to consider when choosing a guarantee provider.
Help, the supply-chain is clogged!
Since the outbreak of the corona pandemic in March 2020, the world has been upside down. In the first few months, panic broke out in a big way. The general thought was that the economy would grind to a halt, there would be mass layoffs and bankruptcies would rise to record levels. This turned out to be far better than expected. However, congestion arose in the global chains as demand first fell away, but picked up again not much later. In this article, you will read our view on these developments and how you can have sufficient working capital to maximise your company's growth.
Will 2022 be as eventful as 2021?
The years 2020 and 2021 will go down in history as the Covid-19 and corona years. Paul van Uden, managing director of Xolv, has written many times about the impact of Covid-19 and especially its economic consequences. In this opinion piece, Paul looks back on the past year and looks at what 2022 has in store for us.