Why factoring is the financing form for the temporary employment industry
The temporary employment industry is not having an easy time of it, as you can also read in this article from our October 2020 newsletter. Due to the nature of the sector, by no means all banks are willing to provide working capital. Fortunately for the staffing industry, there are plenty of alternative financing options, the best of which is factoring.
Two for twelve in staffing industry: take out credit insurance now
We already saw the first signs of a slowdown in the global, and therefore the Dutch economy, last year. Usually, the staffing industry felt this immediately, as the number of staffing hours fell. Nevertheless, 2019 was a fine year for most staffing agencies. Until the coronavirus struck in early 2020. The labour market completely flipped. The first blows are visible in the staffing industry, which is considered the thermometer of the economy. It is therefore clear that the hardest blows are yet to come.
Brexit: a never-ending story... But for you?
It was a while ago, but we cannot escape it: an update on the Brexit. We seem to be heading for a no-deal Brexit. And that is mostly unfavourable for Dutch companies, as you can read in this blog.
Financial guarantees through insurers: these are the opportunities
You may need to issue a guarantee or surety to customers, both in the public and private sectors. The market for these financial guarantees has changed considerably in recent years. Whereas in the past - with one exception - bank guarantees were almost immediately discussed, nowadays more and more other parties are entering the market. This mainly involves insurers. And that offers opportunities.
Enjoying avocados for years to come, thanks in part to Xolv
Do you love avocados too? We recently realised a successful international purchase financing for an importer of this popular fruit, after the existing financier withdrew from the market without prior notice. In this article, you can read how we did it.
America chooses: dollar loses?
On 3 November 2020, Americans will choose their president for the next four years. However, that does not mean we will know on 4 November who won the election. If uncertainty persists for long, the dollar is likely to go down even further.
Paul van Uden: 'How hot is the corona soup actually eaten?'
Paul van Uden is a realist, but above all an optimist. Even in these corona times, when doomsday scenarios are flying around our ears. In his opinion piece, the chief executive strongly wonders whether the corona soup is being eaten as hot as it is often served up in the media.
Holding your own in the sports industry? Get a good defence!
Sports are one of the ways to keep ourselves both physically and mentally healthy during the corona crisis. Yet the sports industry is also affected by the consequences of COVID-19. In cooperation with FGHS, the Dutch industry association for sports suppliers, Xolv has therefore developed an industry policy credit insurance. With it, you can - to stay in sports terms - get or keep your defences in order. In this article, you will read more about this solution as well as the impact of the corona crisis on the retail and sports industry in general.
Why the end of the pledge ban is so important
After more than two years of preparation, Sander Dekker, our minister for legal protection, sent a bill to the House of Representatives in early June to end the pledge ban. Finally, is our opinion. In this piece, we explain to you why it is so important - especially for small and medium-sized enterprises - that this pledge ban be ended.
Liquidity problems in the holiday months - how do you arm yourself?
The holiday season is approaching. For many people, it will be a different holiday than planned. But what will be no different is that many companies run into liquidity problems precisely during these summer months. Now perhaps even worse than in recent years. Because although the government has taken good measures to support companies during the corona crisis, it remains to be seen whether these measures are sufficient. In this article, we explain where summer liquidity problems come from and, more importantly, how you can guard against them.