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 [...]
Why even a temporary rise in inflation can be dangerous
US inflation is firmly on the rise. Because there are good explanations, this rise leaves much of the financial and currency world cold. However, it could just be that a temporary uptick in inflation becomes the prelude to a more structural increase.
This is how to create a post-corona financing plan
After a period when part of the economy has been stagnant, your business needs to prepare for the new normal. Mapping the liquidity position will help you know the viability of your business. Xolv helps you draw up a post-corona financing plan that takes stock of expected costs and revenues. This creates insight into your company's financial status.
Protection against financial losses due to fraud
Whether the fraud is committed inside or outside your company, financial losses usually have a major impact on your business. You will probably have to incur costs to mitigate further losses, such as the costs of legal proceedings. With fraud insurance, you protect yourself against financial losses and costs. In this article, you will read about the benefits of fraud insurance at Euler Hermes and we answer frequently asked questions about taking out fraud insurance.
Tips to recognise and prevent fraud
Fraudsters operate in almost all sectors and are becoming increasingly creative. They purchase goods or services without paying, send fake e-mails to find out personal information such as bank details or send ghost invoices. This kind of fraud poses a serious business risk. How can you guard against it? We give you tips to protect your business so that you do not become a victim of scams.
'We do everything we can to bring a collection process to a successful conclusion'
At Xolv, we have been working with Mariënbergh Incasso Services in Bodegraven, an external collection agency specialising in debt collection at home and abroad, to our complete satisfaction for many years. Mariënbergh knows the ins and outs of the business, researches all cases from A to Z and does everything in its power to prevent legal proceedings. Using an example of a collection procedure, we spoke to director Patrick Spierings about their unique working method and the steps they take to bring a collection process to a successful conclusion."