German economy shows weakest growth since 2013: how will it affect the Netherlands?
For the German economy, 2019 was a year to quickly forget. With economic growth of just 0.6 per cent, our eastern neighbours recorded their weakest growth since 2013. Why is this, what are the expectations for this year and what is the effect on the Netherlands?
Good debtor management: the cheapest way to optimise cash flow
As a specialist in debtor management and all services related to it, Xolv's specialists visit many companies. We regularly find that debtor management at these companies is often an afterthought, not well structured and ad hoc.
Why factoring is the solution for SMEs
Of all SMEs, 20 per cent needed new external financing in the year from July 2018 to July 2019. This is according to the Central Bureau of Statistics (CBS) Financing Monitor 2019. In this regard, more and more companies are opting for a modern form of financing: factoring.
The danger of (forced) tying by your bank
Years ago, we saw it a lot in the financial market, and it still happens: forced shopping. In other words: in order to get a request - in this case obtaining financing - granted, purchase of another product is required. It is allowed in the Netherlands, but often it does not benefit an entrepreneur. Why not? We explain that in this article using a concrete example. We also tell you why a spread across several suppliers is preferable.
Are Green Deals plunging our country into recession?
Environmental measures like the Green Deal are necessary to achieve a sustainable society in the long run. But sometimes these schemes do not seem to parallel economic development. How do we get the Dutch economy green without plunging ourselves into recession?
Why Order to Cash should be the beating heart of your business
More and more large companies are seeing the added value of optimising their work processes. One of the most complicated processes is that of Order to Cash. This comprises the entire process from a customer's (potential) purchase to the actual payment. Those who set up this process efficiently are definitely bacon buyers. Why? You can find out in this article.
5 advantages of financing with single risk credit insurance
Not so long ago, arranging a business loan was surprisingly simple. You stepped into a bank with an empty wallet and out again with a full one. Those times are over. Fortunately, today there are more ways to get business finance. However, the majority of entrepreneurs still do not look beyond their home banker, while alternative forms of financing also offer advantages. Like the combination between financing and single risk credit insurance.
Brexit is coming, but will it be hard or soft?
The election results in the United Kingdom (UK) did not lie, on Thursday 12 December. Boris Johnson won handsomely and so Brexit is definitely going ahead. And whatever anyone thinks of it, for the economy, clarity is better than uncertainty.
Why you should surf along on the Big Data wave
Big data and Artificial Intelligence. These are topics discussed at many boardroom tables, perhaps also at your company's. Many credit management providers, including credit insurers, have already invested millions in these. Their ultimate goal: to save costs by streamlining risk assessment, debt collection and work processes more efficiently.
So you always have optimal coverage on your buyer
Entrepreneurship is about taking risks. Risk of success, but also of failure. Which way things go, you may be able to estimate broadly, but failure can always suddenly be just around the corner. Therefore, to ensure the continuity of your business, your risks need to be properly calculated. In particular, the creditworthiness of buyers is an important consideration, Coen Blazer, credit analyst at Xolv, explains in this article.