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.
The euro is 20 years old: what has it brought us?
Last 1 January marked exactly 20 years since the euro was introduced. Now, twenty years later, it is a good time to take stock. Thanks to the currency, Dutch exports got a boost. And on holidays in Europe, we often no longer have to calculate with foreign currency. However, the currency is far from perfect.
Well-prepared exporting outside Europe
The majority of trade with foreign countries takes place with neighbouring countries within the EU. But there are also huge opportunities outside the EU, although these opportunities also come with risks. How can you best prepare for this?