Prepare your company for vacation

What factor do you apply to your company?

Every year after the summer holidays there is a tendency to an increasing number of debt collection cases. It is therefore worth considering whether you provide your company with sufficient protection before the vacation kicks in.

Late payers will not take a summer break

At Euler Hermes we see that some debtors take advantage of the low staffing in most offices during the summer holidays, and use this to acquire longer time of credit than they are eligible for.

If you do not send out timely reminders during the summer break, you risk that the industrial holiday in your debtor’s country comes in continuation of your own. This way the entire collection procedure is prolonged significantly, and when it comes to collection of debt, time indeed equals money.

The probability of collecting your debt decreases proportionally over time, which is why it is important to be prepared for the summer vacation.

Prepare your company for vacation

We have collected some useful information preparing you for the summer holidays and sparing you unpleasant surprises.

10 tips to avoid bad debt

Get 10 tips on what precautionary measures to take against late payments during the summer holidays and how to act if payments are not received in due time.
Watch out for the warning signs
The summer months are the time of year when we experience the most cases of exceeded credit. Become aware of the warning signs before it is too late.
Avoid fraud

Get a quick guide on how to avoid fraud and a list of danger signals to pay special attention to.

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