News about credit management, accounts receivable management, debt collection, debt recovery, credit insurance, factoring, business intelligence such as credit checks and monitoring for fashion, accessories, sports clothing, shoes, textiles, home & living, interior and beauty & jewelry.

Coronavirus will cause the sharpest contraction since the Great Depression

The global economy will contract by 4.1 percent The rapid succession of developments relating to the coronavirus is leaving deep scars in the global economy. We are currently forecasting that the global economy will contract by 4.1 percent in 2020, and then grow by 4.3 percent in 2021 (Table 1). This means that the [...]

By | June 15th, 2020|news|Comments Off on Coronavirus will cause the sharpest contraction since the Great Depression

Number of bankruptcies increases by 14 percent worldwide

The unprecedentedly large state aid measures and repayment breaks by banks cannot prevent a wave of bankruptcies from rolling over the world in the coming months. Globally, the number of bankruptcies will increase by 14%. This is evident from joint research by the research departments of Euler Hermes, the largest credit insurer in the [...]

By | March 31st, 2020|news|Comments Off on Number of bankruptcies increases by 14 percent worldwide

Global business insolvencies are set to increase by +6% in 2020

In 2019, global insolvencies rose for the third consecutive year. Indeed, our Global Insolvency Index, which covers 44 countries that account for 87% of global GDP, is expected to record a +9% y/y increase for 2019. This outcome reflects a prolonged surge in China (+20%) and, to a lesser extent, a trend reversal in Western Europe (+2%) [...]

By | January 27th, 2020|news|Comments Off on Global business insolvencies are set to increase by +6% in 2020

Practical tips to improve your credit management process

Through our years of experience in credit management, we have prepared a number of practical tips that can help you improve a number of aspects in your credit management process. General terms and Conditions Drawing up good general terms and conditions of sale, delivery and payment is one of the first things that you [...]

By | November 19th, 2019|news|Comments Off on Practical tips to improve your credit management process

Hard-Brexit scenario hits Dutch companies harder

With a hard-Brexit scenario, the competitive position of Dutch companies is hit harder than that of companies from other European countries. The Netherlands Environmental Assessment Agency (PBL) announced this in a new study at the end of August. In this study, the PBL looked at the (inter) national competitive position: which branches of industry [...]

By | September 17th, 2019|news|Comments Off on Hard-Brexit scenario hits Dutch companies harder

Points to consider when canceling an order

The 5 most common misunderstandings when canceling an order We have listed them: 1. Customer cannot cancel unilaterally Often the first response from supplier to a cancellation request from buyer is that costs must be paid. But the starting point must be that the customer cannot unilaterally cancel, certainly not for financial reasons: [...]

By | July 16th, 2019|news|Comments Off on Points to consider when canceling an order

Seizure-free amount for bank account

It must become impossible for creditors to seize the entire credit in a bank account. The measure is in line with the Dutch government's efforts to reduce the number of problematic debts and to help debtors more effectively. With wages and benefits, it is already the case that creditors cannot seize the full amount [...]

By | May 16th, 2019|news|Comments Off on Seizure-free amount for bank account

Germany crisis warning: wave of bankruptcy to hit EU financial giant next year

Germany could be battered by a wave of bankruptcies in the new year with multiple industries vulnerable to a financial dip. Financial experts fear the number of corporate bankruptcies in Germany could soar again due to slower economic growth and rising interest rates. Manfred Stamer, senior economist at Euler Hermes, said the number of [...]

By | January 4th, 2019|news|Comments Off on Germany crisis warning: wave of bankruptcy to hit EU financial giant next year

Get a better view of the possibilities and risks in your sector

        better view on your sector     In the current economic climate, you as an entrepreneur want to seize opportunities when they occur. But trade risks are a danger. What is the impact of political or monetary instability abroad on your orders? What about the financial obligations entered [...]

By | November 21st, 2018|news|Comments Off on Get a better view of the possibilities and risks in your sector

Dutch government tackles loans online stores

Buying on credit often causes headaches, of the Dutch who buy something on credit at a home shopping organization, such as a mail order company or a webshop, one in three has payment arrears. This is the result of new research by the Netherlands Authority for the Financial Markets (AFM), which Minister Hoekstra (Finance) is [...]

By | September 14th, 2018|news|Comments Off on Dutch government tackles loans online stores