Factoring & Finanancing guide news
Grow your business with factoring
Everyone obviously wants their business to thrive and grow. Yet sometimes, it is difficult to encourage business growth. This can come from economic trends, but it also depends on the business. For example, a company that has just started may have trouble getting the...
What is insolvency?
Insolvency is a legal term used to describe when a person or organisation is unable to meet its financial obligations. This can happen when a person or organisation does not have enough money to pay its debts or when a person's or organisation's income is not...
When does factoring make sense?
Factoring can offer many advantages but does not always make sense depending on your company's situation. But when does factoring make sense? Below, we have described some situations where factoring is a valuable addition. For improving liquidity and cash flow Do you...
Why is liquidity important?
Liquidity is a term often used in finance, but why is it so important? Liquidity refers to the extent to which assets can be quickly and easily converted into cash without significant loss of value. It is the availability of sufficient cash to meet financial...
Improve liquidity
Healthy liquidity is essential to the success and growth of your business. Having adequate liquidity allows you to meet your financial obligations, take advantage of opportunities, and meet unexpected challenges. In this blog article, we share valuable tips and...
What is cashflow and why is it important
Cash flow is a term often used in finance, but what exactly does it mean, and why is it so important? Understanding and effectively managing cash flow is vital. Read on to find out what cash flow is and why it is important. What is cash flow? Cash flow refers to the...
Factoring or business loan as financing?
As an entrepreneur, it can sometimes be difficult to get enough capital to grow your business. A business loan and factoring are two possible options to solve this problem. In this article, we will discuss the pros and cons of both options, so that you can make an...
Borrowing money without a bank
Borrowing money without a bank is an option that more and more people are considering. You may have a poor credit history, no steady income or simply don't want to wait for the lengthy application process of a traditional bank loan. In this article, we will discuss...
Comparing factoring companies, what to look out for?
Factoring companies are an important part of the financial sector. They are companies that focus on financing entrepreneurs by taking over outstanding invoices. This way, a business owner can have cash flow quickly and does not have to wait for their customers'...
Liquidity problems: how to solve them?
Liquidity problems can happen to both individuals and businesses and pose a challenge to financial health. Liquidity it important. Insufficient cash to meet financial obligations can lead to late payments, debt and even jeopardise the survival of a business....
What is solvency?
In the world of finance and business, solvency is an essential concept. It represents the financial health and stability of a company, and determines its ability to meet its obligations. In this blog, we take a closer look at exactly what solvency means. Definition of...
How does factoring work?
Tired of waiting even longer for the money from unpaid, sent invoices? Then factoring is the solution for you. This alternative method of financing for entrepreneurs ensures that you are no longer dependent on the applicable payment term. Even better: with factoring...
What is a credit check and why is it important?
When doing business with other companies, it is important to know who you are dealing with. A credit check can be of great value here. In this article, we will explain exactly what a credit check entails, why it is important and what benefits it brings. What is a...
Creditworthiness
In the world of finance, creditworthiness is a crucial concept. In this article, we will discuss what creditworthiness is, why it is important, how it is measured and what factors determine creditworthiness. In addition, we will also discuss whether it is possible to...
Legal payment term: everything you need to know
The legal payment term is a crucial concept to understand when drafting invoices and payment agreements between companies and consumers in the UK. It refers to the period within which the payment must be made before statutory interest becomes due. In this article, we...
How do I keep an overview of outstanding invoices from debtors?
As an entrepreneur, it is important to have a good overview of outstanding invoices from debtors. That way, you can manage your cash flow better and avoid incurring unnecessary costs by having to pay interest on late-paid invoices, for example. Here are some tips to...
What is a defaulter and how do you recognise them?
A defaulter is someone who does not pay his or her bill. This can range from large payments like a mortgage to small payments like a phone bill. It is important to recognise defaulters so you can avoid payment risks. What is the definition of a defaulter and...
How to prevent defaulters?
Defaulters can have a major impact on a company's financial well-being. Therefore, it is very important to prevent defaults. In this article, we will discuss five steps that can be taken to prevent default. 1. How do you determine a customer's ability to pay? Before...
How does debtor management work?
Accounts receivable management is an important part of a company's financial management. It involves managing outstanding invoices and collecting funds from customers. Efficient debtor management is very important for the continuity of a business, as it helps prevent...
Is factoring more beneficial than a loan from the bank?
Factoring is a financing method where a company sells its outstanding invoices to an external party, often a factoring company. This can be an alternative to a loan from a bank, but whether it is more advantageous depends on the company's specific situation....
What is the risk of defaulters?
Defaulters can pose a serious risk to businesses. Not receiving payments on time can affect a company's cash flow and can also damage its reputation. Default risk is also known as debtor risk. In this article, we discuss the impact of defaults and how businesses can...
What is credit risk?
Credit risk is the risk that a borrower will not be able to meet its financial obligations and therefore does not repay the loan. This risk is present in any type of loan, whether it is to an individual, a company or a government. Assessing credit risk There are...
What is liquidity?
Liquidity is a financial ratio, just like profitability and solvency. These ratios are used to understand the development of your business. Liquidity shows how well a company can meet its short-term payment obligations. So how flexible a company is financially. Why is...
All about pre-financing VAT
Every entrepreneur has to deal with it: paying sales tax. In doing so, you pay the VAT that you as a company have charged the customer. However, it unfortunately happens more than once that the invoice sent has not yet been paid by the customer, while the deadline for...
How to improve solvency?
Is your business in good financial health? In general, this is of course very important, but especially when applying for business financing, this question plays an important role. Because as an entrepreneur, when you apply for such business financing, the company's...
Tips to get an invoice paid faster
It is vital for any business that debtors pay invoices on time. Unfortunately, in practice, not every outstanding invoice is paid on time. However, you have a number of options to speed up payment. If you use the tips below, you will increase your chances of getting...
How to calculate working capital?
A healthy working capital is very important for any business. Without sufficient working capital, sooner or later you as a business will not be able to meet your monthly financial obligations. But what is working capital? And what does working capital actually consist...
How to improve your working capital?
Working capital is very important for a business. Without sufficient working capital, you can run into problems paying day-to-day expenses. However, too much working capital is also not desirable. But what exactly is working capital? And more importantly: how can you...
What is a healthy working capital?
A healthy working capital is vital for any business. When you are short of working capital, you can run into problems paying day-to-day expenses. A healthy working capital is therefore often thought to mean: the more, the better, yet this is not entirely true. In...
What is working capital?
As an entrepreneur, you face various financial obligations on a daily basis. To meet these obligations, it is very important to have sufficient working capital. But what exactly is working capital, why is it so important and how do you actually calculate it? We cover...
What to do with unpaid invoices?
As an entrepreneur, it is very annoying if you often have to wait a long time for payment of invoices sent. Nevertheless, it unfortunately happens more than once that it takes a very long time for the paying party to fulfil its duty. But what do you actually do if...
The alternative forms of financing for a business
When you are an entrepreneur looking for funding to grow your business, most people will go to the bank to apply for a loan that way. But there are more ways to finance the start-up and/or growth of your business. Indeed, in many cases, alternative forms of financing...
Types of factoring
Different types of factoring Factoring is an increasingly popular alternative method of financing for entrepreneurs. And that is not surprising, because factoring is the way par excellence to receive money at very short notice for work completed earlier, for which the...
What is credit insurance?
When you deliver products or services on account, you naturally want the invoice sent to you to be paid as soon as possible. Yet unfortunately, it regularly happens that the invoice is paid late or, in some cases, not at all. But what if, for example, your customer...
What is a line of credit?
A line of credit is a well-known and widely used form of alternative financing for many businesses and companies. In many situations, a line of credit is a convenient way to create more financial leeway. Nevertheless, before applying for the credit, it is good to know...
What is factoring?
Never heard of factoring before or just want to know more about it? No problem, we are happy to explain it to you. Because what exactly is factoring, how does factoring at Factris work, what types of factoring are there and for whom is factoring actually suitable? ...
When can you outsource a claim?
Every entrepreneur has to deal with it sooner or later: unpaid invoices. If you have to wait a long time for payment of an invoice, this can cause a lot of stress and extra work. In such a case, handing over the claim will relieve you of this worry and allow you to...
What is credit management?
It is important for any business to optimise working capital and minimise credit risks. Credit management ensures that these goals are achievable and gives you every opportunity to build on the success of your business. However, maintaining tight credit management is...
What is a factoring company?
A factoring company provides an alternative form of financing with immediate payment of your outstanding invoices. You sell the invoices to the factoring company and get the money in your account within 24 hours. Factoring companies charge a small fee for this. In...
How do you handle a defaulter?
Every entrepreneur has to deal with defaulters sooner or later. This is very annoying because not only does this cause you to lose extra time, but it also affects your cash flow. So what exactly is non-payment? Non-payment boils down to companies or individuals who...
The Pros and Cons of Factoring
More businesses than ever before are turning to factoring to meet their financing needs. Find out what the benefits and downsides are to see if it’s right for you. No matter how rich the soil is, a farmer is not going to grow anything without enough water. The same...
How to make the most of the unique 2020 Holiday season
Unless you've been living in a cave in the Himalayas, you have already had to adapt in countless ways due to the COVID-19 pandemic. Changes such as quarantines and restrictions have impacted not only business but our entire way of life. How can your business adapt and...
Cultivating a Successful Company Culture During a Pandemic
Change doesn't begin to describe the effects COVID-19 has had on businesses. But even though your company can't meet in person, you can still create and maintain a culture that brings out the best in those within your company. In fact, successful company culture is...
Netherlands Construction and Manufacturing Slows
Dutch construction and manufacturing companies are hampered by reduced demand, emissions issues and skilled labour problems Recent reports from the credit insurance company Atradius reveal signs of a slowdown in Dutch construction and manufacturing. The report on...
Understanding Customer Lifetime Value is key to your company’s success
Some companies start with a great idea. They might try to make it happen, to “follow the dream”, which can make for a wonderful story. However, a business needs more than a dream to believe in; It needs to be financially viable. And a crucial part of financial...
Dutch SMEs are struggling with cash flow
Recent research reveals more than one in three SMEs find cash flow a challenge A connection lies between unpaid invoices, banks and the struggle that SMEs face The financial service companies Euler Hermes and Bibby have released the findings from their annual survey....
How to prepare your SME for a financial slowdown after Christmas
While many dreams of what awaits them beneath glimmering wrapping paper, others anxiously face an avalanche of business activity that they can hardly keep up with - only to be left feeling financially out in the cold when it’s all done. What can help your SME during...
EU Banks to restrict lending to SMEs
A regulatory framework for banks will soon change across Europe SMEs trying to secure loans from banks will suffer the most from these changes 70% of SMEs rely on bank loans, signalling trouble for millions of small businesses Changes in regulations across the...
Why Does Factoring Remain Out of Reach for Peer to Peer Platforms?
Call a taxi, order dinner, pay your bills - all from the computer on your lap or the smartphone in our hand. Without question, we're using new technology more and more to accomplish everyday tasks. Some are even trying to use new technology to put factoring into the...
How serious of a problem are late payments
Late payments are toxic to the growth, profitability and sustainability of your business. What can your business do about this debilitating problem? Ask yourself a question: Is your business moving forwards or backwards? Many would enthusiastically respond,...
How your seasonal SME can weather challenges throughout the year
An age-old proverb to anticipate what the weather will bring goes like this: “Red sky at night, sailor’s delight; Red sky at morning, sailor take warning.” To plan ahead, sailors need to know what weather awaits them: When will the sea be smooth-sailing? Or...
There is a dark side to exporting, but it can be avoided
The desire to grow is probably high on every business owner’s agenda. Some start out trading in their domestic market and then move on to explore overseas opportunities when circumstances permit, while others go global immediately. But the trend is for an...
Credit hasn’t always been self-evident
Borrowing is a common practice among governments, businesses, and consumers. In fact, never in the history of humanity has global debt been this high. Few people realize that credit hasn’t always been as popular as it is today. Despite its present ubiquity, I dare to...
Leveraging the European Project
The European project has suffered from a lot of negative sentiment lately, with populist movements gaining ground in Hungary and Italy, Brexit, and the influx of immigrants. As an immigrant from the US to the Netherlands, I often wonder why. I see fantastic...
