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Digital dunning in Europe: Germany lags behind
Every second company in Europe is convinced that a modernised dunning system further reduces payment delays and defaults // 49 per cent of all companies rate their degree of company-wide digitalisation as high or very high // Only 18 per cent of companies...
Europe's most vulnerable: In Greece and the UK, companies are particularly at risk of going bankrupt
Outstanding payments jeopardise the credit standing of companies and their long-term viability / Greek (28 per cent) and British companies (24 per cent) in particular fear for their future / German companies the most stable in the case of payment defaults
A matter of timing: The shorter the payment term the better the payment practices
Shortest payment terms and most punctual payments in Germany / Despite enjoying the longest payment terms, Greek customers are still the most likely to pay late
Can't or won't: Why customers don't pay
Reasons for payment delays by consumers in Europe: Short-term cash flow issues / Excessive debt / Forgetfulness / Wilful intent
Systemic shortcomings: Companies are giving away their money
Inadequate invoicing processes in European companies / Decline in professional receivables management set to continue
EOS Group impresses with outstanding result and clearly defined strategy
Sales and EBT up once again on previous year/ Germany the most important market with a 46 per cent share of revenue/ Company makes its biggest ever investment in IT systems
High level of stability: EOS gets another 'A' rating
Hamburg, 12 July 2017 – For the thirteenth time in succession, the auditors from Euler Hermes Rating have awarded EOS Holding an 'A' rating, acknowledging that the debt collection specialist enjoys a good credit standing and long-term viability. The key...
Poor payment practices and outstanding payments strangle investment
Domino effect of payment defaults and delays impacts on economic growth in Europe / Every fourth company in Europe not investing due to outstanding payments
The boomerang of payment delays: Companies respond by cutting staff and raising prices
Poor payment practices can have a boomerang effect / Consumers who do not pay their bills harm everyone – the majority that pay on time and themselves / Companies affected by late or unrecoverable payments often react by raising prices or cutting staff to...
Europe-wide risk of lost revenue if debt collection is not performed
Working with debt collection providers reduces liquidity risks for companies / In 2016, eight percent of business revenue was secured and reinvested in the economic cycle thanks to receivables management / Recovered debts safeguard and create jobs