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.
Credit insurance important tool to facilitate trade
The Netherlands has traditionally been a country of traders. Nowadays, a large proportion of SMEs are involved in trading. This means that in many cases they do not produce themselves, or at least have a significant part of their product produced elsewhere. These companies buy in products after they have received orders, but sometimes even before that, so they deliberately take some inventory risk. Credit insurance can play an important role in preventing business from grinding to a halt. In this article, we explain how credit insurance speeds up trade and makes financing easier.
The impact of increasing uncertainty on our economy
We wrote earlier that economic development is difficult to predict. There are so many factors affecting the economy that no one knows for sure what will happen. On the one hand, our economy turns out to be more resilient than we thought and the negative impact of Covid-19 pandemic is not so bad. On the other hand, the crisis did lead to other problems: shortages of raw materials, semi-finished and finished products, rising energy prices and transport costs. We are also seeing the first signs that interest rates will rise slightly. In this article, we discuss the impact of this increasing uncertainty and how to respond to it.
How our client gained greater visibility into creditworthiness and managed to hedge financial risks
A well-known A-brand multinational in the retail & fashion industry, with a turnover of over a €1.5 billion, recently enlisted Xolv's help. They asked us to advise and support them on a number of pressing challenges. During the Covid-19 pandemic, the pressure on the Accounts Receivables department at this group, like many of its peers, increased enormously. This is due to the many requests from debtors for deferred payments, (late) payments, collections and damages due to bankruptcies of their debtors. Xolv reviewed the creditworthiness of this company's buyers and looked at what options they had to cover the financial risks with credit insurance. In this client story, you can read how we tackled this challenge.
Will the euro fall victim to wait-and-see ECB?
How big are the cracks in Europe's economic recovery? The Ifo figures, which give a picture of German business confidence in the economy, will partly answer that question next Monday. The euro has firmly started its slide.
(Re)financing in 6 steps
Previously, when applying for a loan, the entrepreneur went to the house bank with his latest annual report, and often accompanied by his accountant. After a few weeks, the entrepreneur received a contract for signature or, in the most negative case, a rejection. There were not many alternatives. However, the Dutch financing landscape is becoming increasingly diverse. From four major banks and a lost leasing company at the beginning of this century, to more than 100 providers -large and small- today. And new providers are still entering the market almost every week. What a (re)financing process looks like at Xolv Finance is explained by Fred Soers in this article.