'See digitisation as an opportunity, not a threat'
We spoke to Ronald van Groningen, credit manager at TotalEnergies, about his views on credit management. Within TotalEnergies Marketing Netherlands, Ronald is responsible for the Credit Control department where, together with his colleagues, he takes care of accounts receivable management, from customer origination and credit check to follow-up calls. We asked him what challenges and developments he sees within his field in the near future.
The future seems unpredictable
The past few years have been marked by quite a few far-reaching events, with COVID-19 in particular having a huge impact on our lives. Also, between corona, we still had to deal with the Brexit and the social unrest that prevailed in America due to Biden's election win. In this article, we look back at the past few years and look at what all awaits us in the coming years, economically speaking.
The future seems unpredictable
The past few years have been marked by quite a few far-reaching events, with COVID-19 in particular having a huge impact on our lives. Also, between corona, we still had to deal with the Brexit and the social unrest that prevailed in America due to Biden's election win. In this article, we look back at the past few years and look at what all awaits us in the coming years, economically speaking.
The 5 unjustified assumptions about taking out credit insurance
In our daily conversations with uninsured companies, we often notice a resistance to taking out credit insurance. In this blog, we discuss these main objections and set out some arguments against them.
Types of factoring: 5 different variants
When we talk about working capital financing, the term factoring often comes up. Factoring is at its core debtor financing, but what you may not realise is that there are many types of factoring. In this article, we give an overview of these different types.
Our advice: credit insurance separate from factoring contract
When it comes to financing your business, we mentioned earlier that it is often better not to place all financing with one provider. As long as business is going well, there is usually nothing to worry about, but if things are a little less successful, you are entirely dependent on that one financier. This can jeopardise the continuity of your business. Most factoring companies often also offer credit insurance in their contracts. In this article, we explain why it is better to place your credit insurance with your credit insurer separately from the factoring contract.
4 forms of alternative financing
Until pretty much the beginning of this century, it was common for a company to turn to the bank where it had its payment transactions for its credit needs. Today, this has changed and there are many other ways to obtain financing. In this article, we give an overview of the four best-known forms of alternative financing.
4 benefits of 'stacking' financing
Traditionally, companies are used to placing their financing with one financial party. Hence the term 'house bank'. This has clear advantages: everything under one roof, one point of contact and no hassle with different contract parties. In the simplest form, a company brings its entire financing needs under one bank overdraft. In this article, we look at alternatives and discuss the advantages of spreading financing across multiple parties, known as 'stacking'.
What is debtor management and why is its proper execution so important?
Accounts receivable management. What exactly is it and why is it so important? And what is the result of good or bad credit management? In this article, we explain it all and also discuss what a good credit management process looks like.
5 tips for managing cyber risks
SMEs seem to be increasingly becoming victims of cybercrime. When you think of cyber risks, you may mainly think of 'hacks', viruses or Ddos attacks. But at least as often, a cyber incident is the result of internal, human error. Many organisations don't know what to do when all the screens go black. This is quite a risk, because [...]