Financing guide news
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...
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...
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...
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...