Avoid liquidity problems when paying out holiday pay
It will not be the first time that a company collapses in the months when it pays holiday pay and remits payroll tax on it. The cash deficit has then grown too far, partly due to non-paying customers. How can you arm yourself?
An uninsured claim remains unpaid: now what?
It regularly happens that buyers do not pay on time. Efficient debtor management is therefore important, especially if the claim is not insured and you basically have to do the collection yourself. How to proceed? Who do you choose if you want to outsource debt collection anyway?
Temporary employment agencies: increase your temps!
In previous articles, we have mentioned that the staffing industry is, in a way, the indicator of the economy. When the economy picks up, the number of staffing hours increases and when economic growth slows down, we see this reflected in a declining number of staffing hours. With the retail sector remaining in dire straits, it is important for staffing agencies to guard against this ongoing trend.
Credit insurer does not provide cover on your business: now what?
It may happen that your supplier does not get coverage on your business and asks you to pay for the delivery in advance. However, you want to keep your working capital available to conduct other business. What specifically is possible in this situation?
HELP, my business is growing!
A growing business, which entrepreneur does not wish for it? Yet growth can cause problems. Think of management issues, logistical problems, problems with production capacity but, above all, financial problems. Because how are you going to finance that growth?
Reduce chance of non-payment with a credit information report
Every organisation faces defaults. Non-payment not only has a direct impact on cash flow and liquidity, it can even get organisations into trouble. Why you can reduce the likelihood of non-payment with a credit information report, read here.
Vendor leasing: achieve higher sales by helping your customer finance
Not every company can pay for an investment in expensive machinery or other capital equipment from its own resources. It often requires financing. You can make it attractive for your customer to make this investment by helping them with financing through vendor leasing. This way, you can increase your sales market as well as your turnover!
Retail sector remains in dire straits
While almost all sectors showed nice growth in recent years, retail remains in dire straits. In recent months, we also saw well-known and large retail chains go bankrupt. Think of Intertoys, Fred de la Bretonière, the Dutch branch of Taco Bell, Men at Work, Travelbird, Leapp, Supertrash and we could go on. The end is not yet in sight. Many more retailers are expected to disappear from the scene in the coming months and years. One example is Coolcat, which recently filed for bankruptcy itself.
HELP! German receiver claims back paid turnover!
If a German trustee reclaims payments, it will hereby indicate that it is annulling the payments under the so-called "Insolvenzanfechtung". This is called a bankruptcy pauliana in Dutch. Dutch entrepreneurs are often unfamiliar with this.
Making money with credit management software
Many companies still use Microsoft Excel as a monitoring system for their accounts receivable management. Unfortunately, practice has shown that this system is error-prone and does not monitor timelines tightly enough. A credit management software package removes this error proneness and professionalises your company's debtor management.