Are your customers really reliable?

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Companies regularly have to deal with unpaid invoices

 

  • Ninety percent of companies encounter payment delays
  • One in three invoices are not paid on time
  • Over 25% of insolvencies result from non-payment by customers

It could also happen to you ...

Why test your customers’ financial health?

Identifying, acquiring and keeping customers are some of the biggest challenges for any business. But after every effort that has been made to win the customer over, how is it possible to be sure that they will pay? Once the business has been concluded, how can you be sure that the invoices will be paid when they fall due?

Checking your customers’ solvency means not only knowing whether you will be paid, but also developing your business with trusted partners and eliminating the risks of non-payment.

How to provide better protection against non-payment for your business

A credit insurance policy protects you from unpaid invoices and from your customers going bankrupt. You are guaranteed to receive payment for your products and services, even if the customer goes bankrupt. In the event of non-payment, Euler Hermes will pay your claim after 60 days.

 

11 results

Jan 22, 2020 | Non-payment

Nonpayment warning signs to protect your business

If one of your customers goes bust, this could have a serious impact on your financial stability. Do you know the warning signs your customer is about to go bust? Make sure you protect yourself against the consequences.

Oct 29, 2019 | Non-payment

Here's how to avoid the snowball effect of unpaid invoices

Compared to 2018, bankruptcy numbers are up again, and their effects hamper global economic growth. How can you stop a single unpaid invoice from snowballing?

Aug 27, 2019 | Non-payment

5 benefits of a professional debt collection agency

A friendly telephone call, a formal reminder and finally a registered letter, all of which remain unanswered. As an entrepreneur, outstanding invoices can have you at your wits’ end several times a year. In this case a professional debt collection agency is just what the doctor ordered. Below we’ve summed up five benefits.

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