UK House of Commons votes to postpone Brexit
The UK House of Commons has overwhelmingly agreed to postpone the Brexit date. However, it remains to be seen whether the EU will agree.
Outsourcing debtor management: what are the benefits?
There is a lot to gain from managing debtors, but also a lot to lose. How often are non-paying debtors a noose in the business? Many companies therefore consciously outsource their debtor management. We list its advantages for you.
Guarantee facility through insurer worth considering
Guarantees are important financial products for smooth transactions between companies. Until recently, guarantees in Europe were mostly issued by banks. However, more and more insurance companies are also offering guarantee facilities (Surety Bonds). Applying for guarantees through an insurer instead of a bank has its advantages.
Our team has been strengthened with Jelle van den Bogerd!
The new year got off to a good start for us by welcoming Jelle van den Bogerd as a partner at Xolv Financial Support.
7 tips to keep disputed claims from being a source of annoyance
Every business owner experiences it from time to time. The debtor has a complaint about the price or quality of the product or service, and does not pay the invoice. In practice, it is often a source of annoyance, partly because procedures in this regard are not well established and it is not clear who is responsible for what.
Global economic growth weakens sharply
Coface's Country Risk event is an annual event where global economic developments are reviewed. In February, it took place at the Louvre convention centre in Paris. Xolv attended, along with 1,300 other guests. The main message: global economic growth is weakening sharply. What are the reasons and how can you arm yourself?
New IFRS accounting rules: are you already prepared?
The accounting rules introduced in 2018 under IFRS 9 aim, among other things, for companies to reflect their debtor risks in the balance sheet more accurately and transparently than ever before. To achieve this, companies have had to move from an 'actual incurred loss' model to the 'expected loss' model. Quite a challenge!
Xolv helped machine builder pre-finance major project
In the Netherlands, many dozens of financial institutions engage in working capital financing. These range from zzp-factoring (small invoices are advanced for a fee of a few percent), to financing debtor portfolios of millions of euros at large companies (for a fee of a few tenths of a percent).
Uncertainty Brexit continues
Nobody knows what the final effects of the Brexit will be. Will it be a hard or a soft Brexit? The general expectation is that both The United Kingdom (UK) and EU countries will not benefit. UK businesses and individuals are likely to be hit hardest. One thing is certain: at the moment, both UK residents and businesses are already suffering enormously from the uncertainty that has prevailed for quite some time.
Still coverage for delivery outside your credit insurance
Do you recognise this? As a supplier, you want to supply goods or services, which in terms of size and duration are not covered (or limited) by your regular credit insurance. In such cases, for some time now there have been excellent solutions on the market to still cover your risks: project-based credit insurance. We explain two possibilities.