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Payment reminder: how to make and when to send it?

Payment reminder: how to make and when to send it?

Following up on outstanding invoices is essential for any company's healthy working capital and cash flow. An effective way to do this is to send payment reminders to customers who are behind on their payments. In this blog, we will discuss how to draft a payment...

What is DSO and how do you calculate it?

What is DSO and how do you calculate it?

When you are managing your finances as an entrepreneur, you often come across terms that are crucial to understanding the health of your business. One such term is 'DSO,' which stands for 'Days Sales Outstanding,' or the average day's sales in outstanding accounts...

What is an invoice and what are the requirements?

What is an invoice and what are the requirements?

Invoicing is an essential part of any business, regardless of size or industry. An invoice is an official document that confirms the sale of goods or services and establishes the customer's payment obligations. It is not only an administrative task but also crucial...

Shortening invoice payment periods

Shortening invoice payment periods

As a company, when you send or receive invoices, they will have to be paid within a certain number of days. A statutory payment term applies here. However, many entrepreneurs choose to shorten the payment period of their invoices in order to have the money they need...

What is SME credit?

What is SME credit?

As an entrepreneur in small and medium-sized enterprises (SMEs), you may be familiar with the challenges associated with obtaining financing for your business. Fortunately, there are special credit options available tailored to the needs of SMEs, among other...

Most Innovative SME Factoring Specialists 2023 – Europe

Most Innovative SME Factoring Specialists 2023 – Europe

Acquisition International is Proud to Announce the Winners of the 2023 Business Excellence Awards, and Factris is among them. Leading B2B publication, Acquisition International, has launched the 2023 edition of the Business Excellence Awards. Now in its ninth year,...

Tips to manage your cash flow effectively

Tips to manage your cash flow effectively

Effective cash flow management is essential to the success of any business. It enables business owners to ensure their financial health, pay off debt, invest in growth, and resist unexpected challenges. In this blog article, we share valuable tips for managing your...

Cash flow and working capital: how are they related?

Cash flow and working capital: how are they related?

As an entrepreneur, you often hear terms like "cash flow" and "working capital" in the financial world. Although they represent different concepts, they are closely related and have a crucial role in the success of your business. In this blog article, we will take a...

Grow your business with factoring

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?

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?

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?

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

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?

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?

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

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?

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: 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?

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?

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

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

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...

What is a defaulter and how do you recognise them?

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?

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?

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...

What is the risk of defaulters?

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?

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...

Factris named SME Financing Specialists of the Year 2023

Factris named SME Financing Specialists of the Year 2023

Factris Holding B.V. was recognized in the 2023 Corporate Excellence Awards and received an SME Financing Specialists of the Year award - Europe from Corporate Vision digital magazine. Corporate Vision is published monthly on a digital platform with the mission to...

What is liquidity?

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

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?

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?

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?

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?

What is working capital?

As an entrepreneur, you face various financial obligations daily. To meet these obligations, it is essential 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 it in this...

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

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?

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...

Factris – SME Financing Innovators of the Year

Wealth & Finance magazine has announced the winners of the 2022 FinTech Awards, awarding Factris as SME Financing Innovators of the Year. It wouldn't be an exaggeration to say that long-standing brick-and-mortar establishments have dominated the financial...

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...

Fintech Factris leaps forward with further funding

Dutch fintech Factris has secured 10 MM EUR more funding This new funding will provide financing to SMEs via invoice factoring Dutch fintech company Factris has secured € 10 MM thanks to their partnership with NN Investment Partners (NN IP). This funding will be...

Most Innovative SME Factoring Specialists – Europe

Acquisition International has announced the 2022 year’s winners of the Business Excellence Awards. Factris has been awarded as Most Innovative SME Factoring Specialists – Europe. The highly anticipated Business Excellence Awards returns to Acquisition International in...

Factris expands factoring into Belgium

By financing a fourth European market, Amsterdam-based Factris continues forward with their pan-European strategy The fintech will focus on SMEs in Belgium ANTWERP, BELGIUM Fintech Factris has just launched their financing services to SMEs across Belgium. This new...

The Pros and Cons of Factoring

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...

Factris continues to grow despite declining factoring trend

Factris continues to grow despite declining factoring trend

Factris’ 2021 results showed significant growth in portfolios, customers, and invoices financed Factris grew while general factoring shrank across the EU Factris has published their results from the first half of 2021, revealing substantial growth in their factoring...

Best accessible finance services 2021 – Europe

Acquisition International Magazine has announced the winners of the 2021 Business Excellence Awards. Factris is proud to announce we've won the 2021 Business Excellence Award. Business success can be defined in many ways and can be found in all locations, regardless...

Dexteritas funds Factris with EUR 5 million Facility

Dexteritas funds Factris with EUR 5 million Facility

Funding from Dexteritas will enable Factris to extend their financing reach by purchasing portfolios from other factoring companies The contract puts the fintech company one step closer to becoming the EU’s largest SME working-capital provider Amsterdam-based fintech...

Global 100 Awards CEO of the year 2020 – Brian Reaves

EMG Publishing aims to provide a benchmark for the very "BEST OF THE BEST" industry leaders, exemplary teams, and distinguished organizations across the globe.   EMG Publishing has become a world-renowned publishing house, producing some of the world’s most...

SME Working Capital Provider of the Year 2020

The Netherlands Prestige Awards celebrates small and medium-sized enterprises consisting of localized businesses and sole traders that have thrived in their highly competitive community and have proven their success. Over the past year, 2,037 nominations were received...

Factris closes series A round to increase reach

Factris closes series A round to increase reach

Recent funding has given a boost to the Amsterdam-based fintech’s capabilities to finance SMEs Factris has recently concluded a EUR 5M Series-A equity funding round led by AB Ventures, the corporate venture capital arm of the Arab Bank. Current investors participating...

“Factoring” changed how SMEs did business in 2019

“Factoring” changed how SMEs did business in 2019

- The company Factris is positioning itself for success with its unique offering in the SME market - Factris has already experienced rapid growth with its innovative financial solutions personalized for its customers. New financing solutions changed how small and...

Netherlands Construction and Manufacturing Slows

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...

Dutch SMEs are struggling with cash flow

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....

14.000 freelancers can now be paid earlier through factoring

14.000 freelancers can now be paid earlier through factoring

Factris enters a partnership with Verloning.nl A partnership has recently been announced between the fintech company Factris and the Dutch freelancer platform Verloning.nl. This new partnership will allow freelancers working via the Verloning platform to use Factris’...

EU Banks to restrict lending to SMEs

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...

Factris’ CEO Brian Reaves wins CEO Awards 2019

Factris’ CEO Brian Reaves wins CEO Awards 2019

We are proud of our CEO, Brian Reaves, who has been awarded this year! It is a recognition of the whole Factris team for achieving desired goals and being driven forward by such a CEO.  Read the full item of Finance Monthly CEO Awards, on page 22.   About Brian...

Factris named as one of One to Watch for EBA

Factris has been named as ‘One to Watch’ in Europe in a list of business excellence published by the European Business Awards, one of the world’s largest and longest-running business competitions.   Factris was chosen as it demonstrates exceptional achievement in...

More small businesses say NO to banks in 2019

More small businesses say NO to banks in 2019

Alternative-banking solutions are catching on at an exponential rate across Europe   Factris has published results for the first half of 2019 demonstrating the growth in alternative financing solutions. The report showed that from January to June of 2019,...

How serious of a problem are late payments

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,...

Strongest in Lithuania and in the Baltic region

We are proud of our small, but meaningful achievements - ABALT 2018 certificate notes that our company is "A" class leader in our business sector in the Baltic region and credit bureau "Creditinfo" certificate indicates that we have a high credit score in Lithuania,...

Factris wins court case brought by Rabobank

Factris wins court case brought by Rabobank

The Amsterdam fintech company Factris does not have to change its name. Rabobank subsidiary Facturis loses summary proceedings against the company.   This decision was announced on 3 April by the Court of Amsterdam. In addition to this, the court ordered Facturis...

There is a dark side to exporting, but it can be avoided

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

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...

Factris acquires Lithuanian factoring company Debifo

Factris acquires Lithuanian factoring company Debifo

Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price.   Debifo is a leading working capital provider in Lithuania with a 35% market share in the alternative lending space and growing rapidly. The...

Factris concludes EUR 100 million credit facility agreement

Factris concludes EUR 100 million credit facility agreement

Factris announced the successful conclusion of a €100 million credit facility agreement through Swiss investment advisor Ruvercap. The credit facility will be used to provide working capital to small and medium-sized businesses throughout Europe. Factris is a fintech...

Leveraging the European Project

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...

Focus on telling your business story

Trade your invoices for working capital by factoring

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