Imagine having an extra €300 billion to spend on Boosting Europe. By helping business prosper, money that would otherwise be lost would go to more important things such as:

"Boosting Europe is our contribution to improving the economy and creating jobs."

Saving jobs

With European unemployment averaging over 9 percent, with some countries much higher, social and economic costs are huge. What if all European businesses, public authorities and consumers paid their bills and invoices in full? Our estimate is that it would save at least 500,000 jobs.

Creating opportunities

Many of the companies that will create tomorrow’s growth, probably haven’t even been started yet. Access to capital and financial stability is vital for new ideas to see the light of day. Better credit and financial management create opportunities for companies to innovate, invest, free up capital and employ people.

Reducing the number of bankruptcies

In 2009, 200.000 enterprises went bankrupt. In 2010, this figure rose to 220,000. We must turn this around. In our experience, every fourth bankruptcy could have been avoided if payments had been made on time.

Reducing bad debt

Written off debt is only part of the problem. Companies and society also devote vast re

sources to chasing late payments. We estimate that European businesses spend €25 billion every year collecting late payments and bad debt – money much better spent developing business and generating growth.

Safer Trade

The cornerstone of the European Union is free movement of capital, labor, goods and services. Although the framework for cross-border transactions is in place, risks in doing business are hindering economic development. Late payments have hindered growth for years and we welcome the directive on late payments adopted by the European Parliament in

October 2010. It is absolutely vital that this new legislation is adopted swiftly if cross-border trade between companies is to prosper.

We support companies throughout Europe leveraging our vast local expertise and a global network spanning 180 countries. Our experience of national and local payment practices means we can ensure business works seamlessly across borders.

Harmonization of legislation

Integration and trade between south and north is severely hindered by differences in legislation. In the Nordic countries, stringent legislation has been in place for over 20 years.  The differences in payment patterns between Sweden, Norway, Finland and the rest of Europe are evident. Harmonization of legislation on late payments is essential to facilitate trade.

Better liquidity

Good cash flow and liquidity is often a matter of life or death for a start-up or small business. Detecting risks at an early stage along with better financial management diminishes this risk. We help thousands of clients every year improve their businesses through better credit management.

Helping people and companies in debt

Although debt is a vital and natural ingredient in a market economy, the word has negative connotations for both companies and individuals. With almost 90 years of experience and operations in 22 different markets, we know how culture, business norms and legislation differ from market to market. This gives us a unique possibility to help our clients and their customers – wherever they are in Europe.

Improving e-commerce

E-commerce in Europe is continuing to grow by 10% per year and with it the demand for safe and flexible payment solutions. By integrating our credit management expertise with the latest technology in secure payments we can reduce risks and enable e-commerce – from both a domestic and a pan-European perspective.

Educating a new generation

Europe's youth are growing up in an increasingly complex world of both financial opportunity and risk. We aim to play a key role in teaching them about financial responsibility to help them make better decisions for a sounder economy.

Using Credit Management Services to improve sales

Our experience has shown that Credit Management Services (CMS) can increase a company’s sales by 30% or more. By optimizing credit, businesses can learn how to choose the right clients from the very beginning. This not only reduces credit losses, it also creates more successful businesses.

We’re all in this together

The societies and communities we all live in are built on the same foundation: a sound economy. Managing credit more sensibly helps everyone come out ahead. We want to Boost Europe by making business better for everyone. For you and for us.