Surging inflation and higher borrowing costs were taking a toll on household finances during 2023, while many companies were conserving cash by delaying payments, causing severe liquidity issues across Europe. During 2023 we helped 5.1 million individuals to become debt free with Intrum and collected SEK 105 billion for our clients.
As we commemorate International Women's Day on the 8th of March, Intrum proudly spotlights the diverse journeys and impactful contributions of female leaders, embodying this year's theme of 'inspire inclusion'. In a series of interviews, we delve into their experiences, challenges, and commitment to fostering a culture of diversity at Intrum.
This time of year is typically a tricky one for personal finances, and the New Year has arrived with the added sting of last year's cost of living crisis and ongoing economic difficulties.
Economic difficulties have forced businesses to make efficiencies to combat rising inflation and increased energy costs, our latest research confirms. However, this doesn’t have to be at the expense of sustainability.
The new year is a great time to review your collections practices and effectiveness. Here are 6 tips for effective credit management and collections in 2024.
Some businesses are learning from the economic downturn, with many putting in place strategies and practices that will make them financially stronger in the long run. However, others report that the crisis has distracted them from core business activities and reduced their ability to invest.
Businesses are spending an average of 74 days a year chasing late payments, distracting them from their core focus and limiting growth. What could they be doing to strengthen their collections efforts and ensure they get paid?
The year 2023 has been a rollercoaster ride for the global economy, with Europe experiencing significant economic pressure and uncertainty. As we reflect on the events of the past year, it becomes evident that the challenges faced in 2022 continued to intensify.
High interest rates and soaring inflation, alongside real wages failing to keep pace with rising costs, have left some struggling to make ends meet. But have we seen the worst of it, or are non-performing loans about to escalate?
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