Whether you run a large company, an SME, a start-up or a one-man business: it's your customers who keep your business running. A good customer relationship is therefore necessary. We give you a few tips to maintain and even improve them in the best possible way.
Cash flow: one of the most commonly used business terms. But what does it mean and why is cash flow so important for your business? What exactly is a good cash flow and a bad cash flow? And what is its impact on your business?
Unpaid invoices have a major impact on your business. They put pressure on your liquidity and in the worst case, you have to postpone investments or be in financial distress. With our calculator you can calculate how much extra turnover you need to generate to make up for unpaid invoices. But there are a lot of extra hidden costs.
If you want to collect unpaid invoices via the IOS procedure, for example via Unpaid, it is possible that this will not work because your debtor is bankrupt or has invoked the law on the possibility of judicial reorganisation (now insolvency law, formerly known as the law on the continuity of the company or WCO). We would like to explain to you exactly what this means.
In 2016, the "Recovery of Uncontested Cash Debt" (IOS) procedure came into effect in Belgium. This procedure ensures that companies no longer have to collect their uncontested claims against another company through a court of law. You have an unpaid invoice and wish to collect it via the IOS procedure. In this article we inform you what conditions an unpaid invoice must meet in order to claim it via the IOS procedure.
In a previous article we discussed the increasing number of bankruptcies of companies and how important it is in that respect to respond quickly to unpaid invoices. In this article we explain REGSOL - the digital platform for handling bankruptcy filings electronically. It ensures that you are kept informed of the entire bankruptcy procedure and it increases the chance that you may yet recover unpaid invoices from a bankrupt debtor or a debtor in WCO.
Did you know that, as a Yuki user, it's easy to have your outstanding business-to-business invoices collected via Unpaid? Thanks to this smart integration, collecting your overdue, unpaid invoices is simple, fast and efficient, leaving you free to focus on your core activities. In this article, we will briefly explain how the integration works.
Since July 2016, the so-called Potpourri law has been in force. This new law has made it much easier to collect unpaid invoices between companies in Belgium. Unpaid was created shortly after this law came into force. We were one of the first to specialize in this new procedure. But how does this procedure work?
Are you an Exact user and would you like to collect your unpaid invoices in a very simple manner? Thanks to this connection between Unpaid and Exact you can very easily import your invoices onto our platform. Discover how it works, very easily!
A compensation clause allows you, as a supplier, to ask for an extra amount on top of the standard invoice amount and in addition to interest on arrears if your client is not paying on time. Such compensation clause can be a percentage (for example, 1% per month), a fixed amount (for example, € 75 per invoice), a variable amount (for example, 10% of the invoice value), or a combination of the foregoing.
How do you improve your cash flow? It is not always easy for you, as an entrepreneur, to decide which solution suites you best. Factoring is one of the many solutions which are worth considering, At Unpaid we however believe that in many cases, our solution is better suited. We briefly explain the difference between factoring and our services.