Igor Penders (Renewi): 'Digitisation is definitely going to affect credit management'
What does the future of credit management look like? And what role will digitalisation play in it? We asked an experienced credit manager of a large company, namely Igor Penders, Manager of Billing, Credit & Collections at Renewi.
Why China-US trade war could hurt you too
Donald Trump likes to pat himself on the back. Under his leadership, US unemployment is historically low and record after record is being broken (in a positive sense) on US stock markets. The country's economic expansion has lasted another 121 months, or more than a decade. It creates (even more) self-confidence in Trump, who even dared to start a trade war with China. After all, 'his' economy is strong enough. But in doing so, hasn't the eccentric president overplayed his hand?
Spotcap: super-fast credit financing thanks to latest technology
Spotcap is a relatively new provider of business lending in the Dutch market. Time for an introduction to this company through six questions to Ferhat Oztürk, Partner Account Manager of Spotcap.
Beware! This is how fraudsters try to outsmart you (successfully)
Doing business with a crook. That won't happen to me, you think? Well, many fellow entrepreneurs thought so too. Yet more and more are falling into the trap of fraudsters, who are becoming increasingly sophisticated. Indeed, our cooperation partner Coface saw an increase in the number of claims reports in the first two quarters of 2019 as a result of fraud for good reason. In this blog, we explain more about the modus operandi of fraudsters as well as give tips on how to avoid being scammed.
How to reclaim VAT easily(er) from unpaid invoices
Sometimes your customers' invoices remain unpaid. In most cases, the VAT charged on these invoices has already been neatly advanced by you to your friends at the Tax Office. But how do you deal with this VAT when it turns out that the invoice will no longer be paid at all by your customer?
Pass the bank! 5 ways to always have working capital
You want to do business quickly. Seize opportunities immediately as they arise. For that, you need cash. Working capital. But where do you find that? Not at the bank. Since the economic crisis, they have been busy with everything from compliance rules to Basel agreements, but not with you: the SME entrepreneur. If they pay attention to their customers at all, it's the big, gilt-edged companies. So what next? Can your ambitions and revenue growth go into the refrigerator, or worse: the dustbin?
Brexit: how well prepared are you?
British Prime Minister Boris Johnson would sort it out, this brexit. Definitely out of the European Union by 31 October, deal or no-deal. But the chaos in the UK is growing by the day, or perhaps even by the hour.
6 ways to get more out of your credit insurance policy
Is your supplier getting insufficient limit on one of your buyers? No stress! There are several ways to still cover your risks in the best possible way, so that you can do business carefree. Below, we list six ways.
Insolvenzanfechtung: snag under the green German grass
What is Insolvenzanfechtung? This compound German word has two parts: insolvenz (insolvency) and anfechtung (dispute). In short, it means that if a German company becomes insolvent, a German insolvency practitioner can reclaim from you already paid turnover. This can be done for up to four years. It is an arrangement with which any Dutch supplier - i.e. [...]
Working capital funding in mergers and acquisitions essential
In mergers and acquisitions, the impact on cash flow is regularly not sufficiently considered, causing companies to run into problems. It is important not only to look at the financing of the acquisition, but especially to look closely at the financing of a company's cash flow. Is there sufficient liquidity, and if not: what solutions are available?