Archive for May 2018

Smartest Supports for the Effective Business of Novices

The factoring scheme, the more expensive non-recurring scheme, is most often interesting to customers who are not sure about the solvency of their debtors and who want to transfer these risks to Factor, and, of course, ready to pay for it. With such a factoring scheme, the customer only needs to deliver the goods to the debtor and receive a mark from him about its acceptance, the debtor will pay or not pay – these are the problems of the Factor.

What documents need to be provided to the client in order to use this service?

From the client it is required to provide all its statutory and legal documents, accounting records for several past reporting periods, fill out the Questionnaire for your company and for the Questionnaire for each customer whom the client wants to transfer to factoring, and provide copies of supply contracts with these debtors. The factor companies are very serious about this.

What actions should be taken?

If the transaction is approved, the client enters into a Factoring Agreement with the Factor (the Financing Contract for Assignment of Cash Claims), and then notifies the letter of its debtors that they pay the deliveries not to the client’s settlement account, but directly to the Factor, to a special factoring account. After the receipt by the Factor of such letter certified by the debtor, the Factor carries out financing of the client against granting to it the client of the goods-shipping documentation (invoices and waybills) on deliveries to the given debtor.

How and by what means does the risk related to accounts receivable decrease?

There are 2 main types of risks associated with accounts receivable: liquidity risk (the risk of late payment by the debtor), and credit risk (the risk of default on the part of the debtor). With a recourse factoring scheme, the client shifts only the liquidity risk to Factor. And already the Factor in case of delay is trying to find out the reasons for the delay in payment and is trying to get the money from the debtor. In the event that these actions did not lead to success within 30-45 days, Factor has the right to ask the client to return the financing. With no regression scheme, both these kinds of risks are shifted completely to the Factor, and the Factor has to be managed by them themselves.

Credit risk

The factor usually controls the method of detailed assessment of the financial condition of the debtor, i.e.

The volume of factoring transactions in your branch?

The factoring market, at the moment, is one of the fastest growing. Growth rates over the past few years have amounted to about 100% per year. There is every reason to believe that in 2008 this trend will continue. However, the growth is likely to occur to a greater extent at the expense of regions, in the market is already close to saturation. This is largely reflected in the orientation of many Factors exclusively to regions where there are more prospects for development, and you can get a higher margin.

Follow the custom rules while Freight Transporting

Do you sometimes send shipments to countries outside the country and / or world shipments? Then you must submit a customs form. To avoid delays in worldwide shipping, it is important to fill in the form as completely as possible. This is also your shipping label. In this blog you can read all about it.

Customs form: the how and what

Through the customs form is integrated in your online shipping portal. This way you can send packages worldwide in a simple and fast way. Are you logged in? Then follow the following steps:

  1. Choose the country

To start you choose the country to which the package should be sent. Here you also enter the address details of your customer.

  1. What kind of product (s) are you going to send?

Sending commercial goods

If you send trade goods, trade samples or if it concerns a return shipment, there are a number of details that you must provide:

  • Enter the invoice number, corresponding to your sales invoice.
  • State the (sales) value, corresponding to the value of the invoice.
  • Give a description of what is in the package. Max. 5 items per customs form.
  • Are there different products in a package? Then mention:
  • Because of what kind of goods it is. You can easily select this in the dropdown.
  • What the quantity of the product is.
  • The total weight of your package, rounded to full kilos.
  • The value of the product.

The commodity code: when products pass customs at the border of the country, it is necessary to state a commodity code on the invoice. This goods code can be found on the website of the customs.

Send gifts and documentation

Do you send a gift to friends or family? You then also use a customs declaration. It is important that you clearly explain what is in the package. The more precise your description, the faster it will be handled by customs. Are there different products in your package? Then state per product:

  • What kind of product is involved?
  • The amount of this product in the package.
  • The total weight of the package.
  • The value of the shipment.

Tip! Mention the telephone number of your customer on the customs form. In some cases contact is made with the recipient.

Confirm the customs form on your package

The custom form can be printed on standard A4 paper. Two documents are always printed.The first page is the shipping label and the customs forms.On the second page you will find the ‘commercial invoice’.

Follow these steps to make sure everything is complete:

  • Fold the first document double; place it in a transparent A5 envelope so it does not get tampered while loading in load board.
  • In the ‘signature’ field you place a signature on both sides of the document.
  • Make sure the form with the address of the receiver is at the top and visible.
  • The ‘commercial invoice’ is done in a second transparent envelope.

Perfect Options for business growth Now

Now you want to lead your business through growth and profit in a secure future? Perhaps you would like to engage external professionals for the realignment or strategic readjustment of your business? However, the big management consultancies are simply too expensive for you? Factoring company supports you with these tips for growth in small and medium-sized enterprises (SMEs).

More growth and more employees for IT companies predictBitkom every year. As a small or medium-sized IT company owner, do you wonder when growth will finally reach you? You can only dream of solid sales increases from your current perspective.

Involuntarily, you are once again faced with the question of how you can generate more revenue than before with your IT company. After all, it is not your motivation that corporate development does not match the model of the overall market. You cannot work more than around the clock.

Guaranteed successful by renowned management consultants?

External help, which could initiate the necessary turnaround on the basis of sound market experience, is offered by large established management consulting companies. Their proven credentials read like the “Who’s Who” of the IT industry.

Your view on the prices of the “supermen” for the growth of the industry leaders will lead you back to the carpet guaranteed. Daily rates of about 3,500 of a top consultant for IT companies – they do not want or cannot pay, right?

A guarantee of success for corporate growth, in the form of liability, the consultants give you in any case.

Risk management – cost control for external consulting

Entrepreneurs who take the risk of engaging such an expensive professional are often faced with payment problems when invoicing. Making predictable, unreasonable decisions is not courage but a desperate reaction.

Profit from generating outsourcing:

As a small or medium-sized IT company or software developer, do you also ask yourself how you can save money? Do you hardly recognize any potential for this? After all, you only buy new laptops for yourself and your employees at least once every few years? Then take a look at the working hours that you or one of your permanent employees uses for relatively modest activities.

You will ultimately save by increasing work efficiency. They concentrate on their core business, the development of new software. You can assign simple programming and graphic processing to subcontractors. Freelancers from around the world do time-consuming work on Internet portals at a fixed price.

7 tips to boost growth and profit of (IT) companies:

First tip: Generate profit through outsourcing

Second tip: Optimize online marketing

Third tip: Despite full order books not neglect the acquisition of new customers

Fourth tip:Schedule payment delays

Fifth tip: Planning and acting with a future-oriented approach

Sixth Tip: Looking for alternative, innovative consulting services

Eighth Tip: Online business coaching is more efficient than traditional business consulting

Finally, a quick decision-making aid

Before deciding between traditional businesses consulting and business coaching, please consider which consulting strategy pays off for your business growth. Therefore, the following short checklist shows what to expect.

Loans between Individuals, an Alternative Solution

You need credit, but you have trouble getting a loan from banks and traditional financial institutions? Or would you like to take advantage of more advantageous conditions?Credit between individuals exists and can represent an advantageous alternative solution.

What is the loan between individuals?

Credit between individuals is a credit transaction between two natural persons without the intermediation of a bank or a credit institution. This type of credit isalready widespread in Singapore and many countries. This type of credit is subject to the rules of traditional loan agreements.

How to obtain a loan between individuals?

The easiest and fastest way to get credit between individuals is on the Internet. You will find low interest Singapore moneylender websites that offer platforms to facilitate the relationship between lenders and those who wish to use credit between individuals.

On these online platforms, a private lender can offer financial assistance, earn interest and guarantee investment. The website is responsible for obtaining the necessary guarantees and making the funds available to the borrower.

The crowd funding, which is also considered a loan between individuals, it is not really a credit in the strict sense since this type of funding is for a project of a person who wants to use it very accurately. This person offers private funders services or assets to offset their financial assistance. The options with the Low interest Singapore money lender are perfect there.

Specialized sites

To find out a low interest Singapore licensed moneylender on a specialized Internet site, it is generally necessary to follow the following steps:

  1. Registration on the Site

To be able to subscribe a loan you must first register on the site by providing several documents:

  • A copy of an identity document
  • Proof of address
  • A bank account number

Most of the time, you will often need to provide proof of your income such as a copy of your latest pay slips, the latest tax notice. The last rent receipt or the deed of ownership of your home may also be requested, as well as the last three bank statements.

  1. Online Application

To subscribe to a loan, you must apply by completing an online form. Potential lenders who are registered on the site will receive your request by email.

  1. Validation of theDebt Recognition

If one of the lenders registered on the site is interested in your request, it validates it.

  1. Signature and Sending ofthe Debt Acknowledgement

Once you have received validation from your lender, you must print the debt acknowledgment with its characteristics (amount, repayment term, terms, etc.) and sign it in two copies. You keep one and you send the other to the lender.

Do not be lured by fake lenders who stalk their prey in the forums. Money lending between individuals works very well, but only if it is only trusted companies or with a solid reputation on the net and social networks.

Best Effects For the Account Financing Now

Whether you’re a confirmed entrepreneur or a young kid out of the box, billing errors, you’ve made some and you’ll make new ones. But some billing errors are repaired and others can actually be very expensive. The article reviews 5 common mistakes and their consequences.

Do not respect the law!

As you already know, writing an invoice must follow a series of rules to comply with the law. This is not meant to bother you but to prevent your bills from being challenged. Among the 5 most common billing errors, you will find the ones relating to the legal notices. These rules apply to all companies, from the company to the micro-enterprise, there is no right pass and not respecting them can be very expensive during a control.

Mentions for invoices addressed to a professional:

  • Date or deadline of payment.
  • Late penalty rate.
  • “Self-liquidation” and clearly indicate that it is a “tax-free amount”.

Mention of the insurance taken out under the activity, the contact details of the insurer or the guarantor, the geographical coverage of the contract or the guarantee.What may be mandatory, when the company is concerned, are the certifications. These indications have a double interest, respect for the law and reassuring the client. The Interstate Capital’s accounts receivable financing is important now.

Send invoices not clear enough!

When it comes to a quote, companies know how to extend explanations because they want to sell their products or services at any price. On the other hand, when it comes to writing your bill, you tend to synthesize titles and descriptions to save time.

  • This is one of the most common billing errors. You may lose precious time in explanations or worse, you risk a challenge of the invoice. If your customer disputes, expect not to be paid right now or at all…
  • Billing software is responsible for calculating the exact amount of VAT and especially allows you to create a library of pre-configured items with a VAT rate applied to each item.

Do not facilitate settlements.

We all agree, a company bills after an action and in order to be paid. The invoice arranges our turnover, the regulation our cash. So why put in the wheels of our rules? The average time to recover an invoice is 35 days and 60 days in some areas.


HW Global Executive Search & Interim

HW is a global Executive Search and Professional Interim business operating out of the UK.


Our focus is on the senior talent needs of a broad range of dynamic organisations from small capitally invested start-ups through to publicly traded multi-nationals. We have a significant breadth of functional and cross industry expertise that incorporates both local and global geographies, enabling us to genuinely appreciate diversity, cultural differences, social responsibility and how commercially business is done across continents.


We have a passion for challenging the conventional thinking of our clients, demonstrating an in-depth understanding of cross-industry synergies whilst representing high-potential and seasoned executives that frequently sit beneath the radar. Our candidates typically become clients meaning many relationships have spanned 3 decades; our commitment to consistently delivering best-in-class solutions is without compromise.


Our practice areas in Executive Search and Professional Interim are Consumer, Financial Services, Business Services, Industrial, CFO, CIO, Chair & NED.




In a dynamic and highly challenged economy the role of senior executives across all sectors, functions and geographies remains business critical.


Being able to recognise cross-industry synergies, attract business professionals who are passionate about utilising their skills in new areas, and applying decades of knowledge to

shape and support clients’ strategic initiatives remains at the heart of our continued success.


Having a global perspective and multi-cultural appreciation enables us to shape richly diverse executive teams helping our clients to achieve outstanding results.



As a true client partner HW work tirelessly to ensure that we genuinely appreciate the intimate detail of every search we undertake. We believe in providing healthy challenge and honest feedback through each phase of the assignment, tackling potential issues collaboratively whilst offering constructive solutions throughout.


Our sole aim is to exceed expectations by providing a breadth of highly talented candidates delivered through a smooth and efficient process.


To achieve this we follow a number of clearly defined steps.



  • Agree the priorities of the search


Define the need through critical evaluation of the business and unique role requirements

Agree the responsibilities of the role and the person specification

Challenge the scope of the search – Salary range, sector expertise, academic/commercial skills

Finalise brief


  • Define target audience

Agree company target list for initial approach work

Utilise local and global relationship network to identify potential talent

Reference individuals who meet agreed criteria

Create a longlist of candidates for discussion


  • Approach work

Engage with target market to understand and evaluate suitability

Challenge competency, cultural and commercial skills

Evaluate personal and professional drivers

Finalise shortlist for client presentation


  • Shortlist presentation

Formal client review of all shortlisted candidates incorporating our assessment of both hard and soft skills vs. the brief

Provide supporting evidence of track record, career achievements, qualifications and fit

Agree client interview availability


  • Completion

Manage both client and candidate needs and expectations until the preferred individual is selected

Provide formal references

Lead the salary package negotiation process to finalise the offer

Support the on-boarding program through regular communication with both parties

Complete client satisfaction survey

Remain in touch with both client and placement to check on progress and transition




With over 40 years combined experience, the Interim Practice has been at the forefront of one of the most dynamic and prolific service offerings within the Human Capital industry.

HW Interim provide experienced and talented interim and change management executives to PLCs, private companies, SMEs and private equity backed organisations for assignments in the UK and overseas.

The fabric of the Interim proposition consists of an elite network of senior Executives, all of whom specialise in change, turnaround or transformation. HW have met, vetted, referenced and known, many who are also clients.


Working alongside the Executive Search business we adhere to the same principles and high standards, enabling us to source the ideal interim to match our clients’ needs.


Our strategy is to develop longstanding partner relationships with all our clients. Working with a team of dedicated and experienced Researchers we are able to provide solutions within a 48hr timespan and with well over 90% completion rates.


The business offers both purist Interim cluster solutions as well as Interim to substantive options. Daily rates are typically between £850-£2000 per day.

For further information please visit the HW Global Executive Search website today.

Have you considered the benefits of an interim executive?

HW Global Talent Partner has built a reputation for excellence in executive search over the past decade among the many global and local brands we serve.


But did you know we also have an interim management business? Many of our executive search clients also turn to us when they require a swift interim appointment at a crucial time for their business, often to bridge the gap during a search process we are conducting.


HW Interim provides experienced and talented interim and change management executives to PLCs, private companies, SMEs and private equity backed organisations both in the UK and overseas. The key sectors we work in include Retail, Consumer and Financial Services, and the wide range of recent assignments we have completed have included interim CFO, FD, CTO, CMO, Supply Chain/Ops Director and Head of Risk.


We have access to an elite network of senior executives who specialise in change, turnaround or transformation whom HW have met, vetted, referenced and in many cases known as clients.


Working alongside the executive search business we can source the ideal interim to match our clients’ needs. With a team of dedicated and experienced researchers we can turn round a shortlist of professional interim managers for a client within three working days who can typically be placed within two weeks. Completion rates are well over 90 per cent.


The many benefits of interim management


The professional interim management market is enjoying rapid growth, driven largely by a corresponding increase in business transformation programmes across all industry sectors.

Companies both large and small are increasingly turning to interim executives to help steer them through organisational change – with a particular drive for digital transformation and customer experience programmes.


These experienced business leaders can provide stability following the sudden departure of a senior director, or offer a highly specialised skill set which a business may not have in-house. Their appointment is an effective way for companies to achieve business objectives and obtain highly specialised leadership skills at crucial times.


The extensive benefits of interim management include flexibility and speed of placement, compared to an executive search for a permanent position which can take many months from commission to arrival in post due to the complexity of global searches and the need to fulfil notice periods.


There are cost benefits too; many SMEs may not be in a position to fund a permanent executive position for a particular specialism such as a digital transformation director.


And without the on-costs of a permanent executive such as bonuses, holiday pay, NI contributions, pension, private health insurance and company car benefits, the day rate suddenly does not seem so prohibitive.


Free from the shackles of office politics, a professional interim can offer a fresh perspective, objectivity and challenge. As a freelance operator whose work is heavily reliant on referrals and reputation, the interim is highly motivated and results driven, and will be fully committed to their client.


Professional interim managers are often over-qualified for the interim position they are commissioned for, meaning they can work independently and hit the ground running, with instant results. Their wealth of experience, skills, contacts and knowledge will also be transferred to the in-house team, giving benefits which outlive their interim contract. The return on investment of a professional interim manager for a business can therefore be substantial, particularly at a critical time.


To find out how we can help your business contact John Wakeford, MD of HW Interim, via his LinkedIn page, by emailing for an informal discussion.

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