When should you perform credit checks on your customers?
Credit checks of existing and new customers are always a good idea. It can help avoid or minimize the number of bad payers, debt collection cases and the hassle that is undeniably associated with missing payments. In this article, we give you 5 tips on when we think you should credit check your customers [...]
Say no to more customers - it pays off
Revenue is crucial for a business, and it's sometimes hard work. Most business owners and sales managers can recognize the fact that acquiring customers and generating revenue, whether it's through marketing or sales outreach, is sometimes a daunting task. At Qatchr, we fully recognize this issue and know that [...]
5 tips to stay safe from bad payers
All businesses have experienced bad payers - some pay late, others never pay. Whatever the extent of your bad payers - and no matter the number of them; they always cause unnecessary headaches for you as a business owner. Not only do bad payers cost you time and resources in the accounting department, but you also pay VAT [...]
Can you avoid bad payers?
If you're a business owner, bookkeeper, finance manager or otherwise involved in business finance, you've no doubt experienced the challenges of bad payers - and the headaches that can come with them. Some customers pay their invoices late - while others choose never to pay. This can be hard on your cash flow [...]]
Credit assessment before the damage is done
Bedre sent end aldrig! Benyt dig af Qatchrs kreditopslag til at identificere kunder og leverandører med dårlig betalingsevne, som potentielt kan skade din økonomi og din forretning. Over 5000 danske virksomheder går årligt konkurs – små som store – og når det sker, er det sjældent, at du får dine penge tilbage, hvis du har ydet […]
Key figures - an important tool
Financial ratios - an important tool for assessing the financial situation of customers, suppliers and your own company. Financial ratios are accounting figures that provide the foundation for a deeper financial analysis - an analysis that describes a company's financial situation. But often, a simple calculation of a company's ratios is actually sufficient. For companies that want to get [...]]
More companies will go bankrupt
Unfortunately, bankruptcies are far from rare in Denmark - and according to Statistics Denmark, over 5,614 companies were affected in 2020. The number sounds high, but it's actually 22% lower than the average for the period 2016-2019, and 34% lower than the previous year. Many point to the government's bailout packages as the life jacket that has prevented several companies from [...]