Edebex has reported growth of 93% in France, 171% in Luxembourg, and 179% in Portugal. Edebex company has now reached break-even and is recruiting to acquire the resources it needs to fulfil its ambitions: from technology to human resources management, innovation is decidedly ubiquitous at Edebex.
In this period of crisis, with its corollary of bankruptcies in domino, good liquidity management is a real condition for the survival of companies. According to an analysis and studies on the perception of the main causes of bankruptcy, up to 29% of bankruptcies are due to late payment. ccording to Ebedex, almost 1,000 Luxemburg companies are going bankrupt each year.
Edebex constitutes first and foremost a supportive, win-win bond with entrepreneurs. It does so by enabling, on the one hand, SMEs with cashflow problems to sell their customer invoices, thus providing them with the cash they need immediately and without having to wait for the payment deadline. On the other hand, companies with liquidity surpluses are afforded an opportunity to buy those invoices: an investment that carries very little risk and brings in a clearly higher return than anything else available on the market.
Another commitment of the employer to his employee is to pay him timely. Here once again Edebex supports this social aspect. “Redundancies are an easy solution unfortunately (albeit not very effective in the long run) for dealing with a setback for an entrepreneur facing difficulties. All the more so as he is also abandoned by the banks at such a juncture,” concluded Xavier Corman. “Many of our customers who call on our services tell us that they were able to raise the operating funds they need without having to cut into their lifeblood.”