Hundreds of thousands of fraud cases are reported every year. But just as no two companies are identical, every case of fraud is also unique. Everyone is familiar with cyber fraud but did you know that your company is vulnerable to other forms of fraud as well?
Confidence: the code word when it comes to your company's future, but also the number 1 requirement in your business contacts and insurance policies. Thus also imperative where guarantees are concerned, because only with expertise and a systematic approach will your company get the very best. Why is Euler Hermes the ideal partner for this? Six advantages in a nutshell.
A company that grows is every entrepreneur’s dream. Including yours. Still, growth is a group effort and there are risks involved. Your staff, customers and even total strangers: quite a few people have an impact on your company. Euler Hermes lists the main risk factors so you will know how to protect yourself.
Invoices: we all prefer the outgoing to the incoming kind but in both cases it’s best to get it over with asap. However, outstanding customer invoices are often a delicate matter. With these five steps collecting invoices becomes child’s play.
You can choose between a specialised insurer or your bank for your sureties and guarantees. For the former, this is a core business, while for the latter it is a niche market. Discover 5 reasons for getting guarantees from your insurer as an alternative to your bank
Outstanding invoices are often a major source of worry for your company. You want to collect those invoices as soon as possible while your customer may have his reasons to defer payment. As you can guess, outstanding accounts can wreak havoc on your business contacts. But how can you make sure that your business relationships survive past due invoices?
Doing business without any risk whatsoever is a utopian dream but the truth is that even the most successful entrepreneurs are extremely careful to limit the risks to which they expose their company. Still, solutions aren’t always that hard to come by. Below Euler Hermes has listed the biggest risks for your company.
1. Shorten your real payment period (DSO)
2. Maximize supplier credit
3. Screen your prospects
4. Discuss payment terms with your customers
5. Increase efficiency by selling your smaller receivables
6. Externalize your bank guarantees