Protect your business with credit insurance: security in uncertain times
For any entrepreneur, control over financial management is not a luxury, but an absolute necessity. You deliver products or services with confidence in the agreements you make, but what happens when a customer does not fulfil his payment obligations? Or when that same customer unexpectedly goes bankrupt? In such situations, credit insurance provides an effective safety net, not only protecting your company from direct financial loss, but also structurally better prepared for unforeseen circumstances.
Insight and protection
International trade brings opportunities, but also challenges. One of the big risks you face is currency risk. Fluctuations in exchange rates can significantly affect your profit margins. In addition, external factors such as political events, economic instability or legal measures in your trading partner's country can delay or even block payment of invoices.
Different solutions to get full limit
Sometimes an insurer approves a credit limit application only in part. However, many companies want the full credit limit covered. Especially for those companies, the Top Up policy has been introduced.
We value personal contact
Naomi Sapir (40), Roba Metals board member, immediately conveys one of Roba Metals' important values in conversation with us. The company values its relationship with people, be it their own employees or the customers and suppliers they work with. Metal is the business, the company is doing well, at the same time Roba Metals has a very social policy. People are the core. Naomi: "If we have a good relationship with a customer who cannot get cover from our primary credit insurer, we will find a solution."
The beauty of a solution in Brazil's interior: how IA Group resolved an international trade dispute
International Advisors (IA Group) is a partner of Xolv in the field of collection of large foreign receivables. IA Group tackles cases through personal contact and adequate follow-up.
Letters of Credit: the key to success in challenging African markets
Doing business in Africa presents opportunities, but also challenges. Especially in countries with economic or political instability, collecting payments can be a risky undertaking. Fortunately, there is a tool that can help with this: the Letter of Credit (L/C). Especially if you cannot get a credit limit on your buyer, this can be a good tool to still continue doing business. A Letter of Credit is a document in which a bank guarantees on behalf of your buyer that you will be paid once you have met the agreed conditions. It is a form of financial security that significantly reduces the risk of non-payment.
Insure political risks
Inter-state conflict, failed national governance and rising nationalism are all part of the geopolitical landscape. Stability in a country can sometimes gradually crumble under the eye of the media. But often the old order collapses unexpectedly, leaving investors, lenders and contractors unprepared and with financial losses. Too often, companies discover they can no longer operate in a market they once considered predictable.
Doing business in exotic countries: exciting and full of opportunities!
The closer to home, the more familiar it seems. But this is not always necessarily so. Doing business in the Netherlands can also be risky. Yet doing business abroad often feels riskier. You will have to deal with different cultures, customs, political situations, currencies, payment and delivery conditions. It is therefore wise to research these elements thoroughly in advance before doing business in a particular country. There are organisations that can provide you with useful information in this regard, such as Fenedex. On the other hand, doing business abroad also offers new opportunities for growth.
Local insight and local expertise
Doing business across borders requires more than just ambition. It requires an understanding of local markets, strong relationships and a solid strategy to manage risk. By joining a global network of carefully selected partners, we have access to in-depth market knowledge and a wide range of solutions. This enables us to support entrepreneurs even better, wherever you operate or want to operate. Perhaps you want to enter new markets or expand your existing trade. Either way, local insight and international clout are indispensable.
Lifting Pledge Prohibitions Act explained
Many companies use their accounts receivable as security to obtain financing from the bank. In recent decades, however, more and more, mostly large, companies have started to prohibit this possibility. They do so by including a clause in their purchase conditions (which often take precedence over the SME supplier's sales conditions) that prohibits the supplier from assigning the rights and obligations under the agreement. A variant of this is simply to prohibit pledging ("encumbering") the receivables arising from the agreement.