In 2004, OPEN2EUROPE decided it wanted to offer its clients financial management services. As a result a partnership was formed with 2R CONSEIL, a financial consultancy group specialised in loss prevention and the protection of client revenues in France and abroad.
All companies need to manage their clients' credit; however it is somewhat surprising to find that this basic discretion remains the prerogative of most small businesses.
You must have noticed that most small restaurants or bars have signs that read 'no credit given'?
As soon as a company begins to grow, popular wisdom is ignored and the aggressive commercial and expansionist policies that are necessary for retaining or developing one's market share are unashamedly adopted.
However, whereas a restaurant owner perfectly understands the absurdity of serving customers who do not pay, it would probably never occur to a CEO that some of his clients may not pay for his company's services.
There are even those who believe that a company will not give credit and won't grant an extension for repayments, as if they weren't exactly the same things, and yet 45% of bankruptcy proceedings are caused by outstanding client fees.
It looks like there are dark times ahead over the next two years (2008/2009), and the current economic climate means that business leaders are likely to become less vigilant in order to maintain a certain level of turnover. Not to mention profit margin!
Bolstered by 20 years experience in financial management, 2R Conseil offers a wide range of value added financial investigations in France and abroad, with the objective of informing companies about the true financial state of their client, prospect or suppliers by requesting financial information from their banks.
2R Conseil also offers debt recovery by both mutual agreement and judicial procedures in France and abroad.
For more information, please contact Jean-François MALLOZZI at 01 55 02 14 76 or visit www.2rconseil.com
Open2Europe Translation +33 (0) 1 55 02 27 99 – translations@open2europe.com