other solutions

Xolv has been working with Mariënbergh Incasso Services for many years. Director Patrick Spierings has been in the business, as he puts it himself, "for about 40 years". Lawyer Robbert Goossens joined the company early this year. Robbert is a specialist, among other things when it comes to the Debt Collection Services Quality Act: "The entry into force of this act has been postponed several times, but now it really will take effect on 1 April. The Wki introduces major changes."

When you do business internationally, there are certain risks you can hedge. Countries can be directly or indirectly involved in conflicts and this has huge geopolitical implications. Think of China, Iran, Lebanon, the US, Jordan, Saudi Arabia, the ongoing war between Ukraine and Russia and the serious conflict between Israel and Hamas in the Gaza Strip. We reflect on the personal suffering among the people and the many casualties.

A good partnership is all about trust. And about good services and service at the right prices, of course. But above all it is about trust. If you engage a broker, you want to be sure that no deals are being done behind your back. To put it bluntly. And we understand that like no other. As entrepreneurs, we too are always looking for parties we can trust. Who are transparent, who let us do business freely. That is precisely why we want to be very transparent about our working methods. And we cannot emphasise that enough.

What's in a name? In the case of Xolv, everything! Thinking in solutions is not only in our name, but above all in our DNA. It is a sport to get to the heart of the problem, only then can we devise and present suitable solutions to our clients. What that delivers? A reduction in our customers' financial risks and, at the same time, an increase in available working capital.

As a good entrepreneur, you regularly ask yourself whether the existing financing still suits your company's current and short-term expected situation. This is always true, but certainly in the challenging period we have had and still have ahead of us. Just think of all the coronasteun, whose repayment obligation started in October last year.

You may need to issue a guarantee or surety to customers, this can be requested in both the public and private sectors. The market for these financial guarantees has changed considerably in recent years. Whereas in the past - with one exception - bank guarantees were almost immediately discussed, nowadays more and more other parties are entering the market. These mainly include insurers. And that offers opportunities.

Taking over a business is not something you do often, or you must be a professional investor. A business acquisition is a delicate process. This applies to both the seller and the buyer. While the seller looks forward to an attractive purchase price, which often secures his pension, on the other hand, he is also saying goodbye to his life's work. He therefore wonders whether the company, which he has built with blood, sweat and tears, is in good hands with the intended buyer. And does the buyer have the necessary resources or financing? For the buyer, the process is no less exciting. It is often the first time he is taking over a business. Is he not paying too much? Are the figures he received from the selling party correct? Will he manage to continue the success and is he able to get the financing of the purchase price and then also pay it back in the agreed instalments? In short, an exciting process for both parties.

Data: every company collects data to analyse and use in decision-making. Before you know it, there are several systems that are not always up to date and do not fit together. There is no overall view and interpreting all the data only becomes more time-consuming. Xolv works with PowerBI. Why?

Automating work processes has become an integral part of our society. Everything has to be faster, more efficient and error-free. Even in the areas of credit management, finance and credit insurance, processes are highly automated. This also makes it possible to link systems from several parties via APIs and interfaces. Paul van Uden, managing director of Xolv, explains how Xolv has done its bit to automate credit insurance work processes with the help of Polismanager. Besides automating credit insurance work processes, the Policy Manager also exchanges information between the credit insurer, the insured company and Xolv.

Buying a business, big or small, is an intense event for both the buyer and the seller. It is in no way comparable to buying or financing a house or business premises. In this article, we discuss issues you should consider when taking over and financing a business.