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November 2009
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Reviewing priorities |
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Fashion spending is still very weak in European and North American markets (Read More in News), stressing the finance situation of many retailers and fashion brands. Lots of retailers are facing payment delays leading to situations of default and credit insurance coverage remains very low.
In this context, we have been reviewing the priorities of our customers:
• Timely information on their clients, even more if not covered
• Optimization of their sales and payment means with not covered customers
• Fast resolution of issues
• Monitoring of claims and litigation
• System integration to reduce cost of operation.
At FDI Logbox, we have launched a number of initiatives to better serve these needs:
• A new scoring system to provide more accurate guidance to our customers
• Our coverage of confirmed orders which has enabled to offer more than 300 guarantee extensions for the current season
• New solutions to enable financing in partnerships with banks (Read more in News)
• New service for our Italian customers to deal with unpaid ‘Riba’ (Read more in News)
• Last but not least, we are now testing with few customers a new collaborative version of our Logbox Online. We will tell you more very soon on this.
You can count on the utmost dedication of the FDI Logbox team to protect your business and contribute to reach your goals in this very challenging environment.
Dominique Chatelin
President & CEO
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News |
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• Success Story : Comei
The Italian company Comei & Co Srl has decided to outsource its customer credit management function to FDI Logbox to secure its receivables in Germany, Austria, Spain, France, Belgium and Switzerland. This is regarding its famous brand, Add, which is very successfull in all Europe.
Comei&Co Success Story is available on FDI Logbox website.
• XI Textile Industry Forum in Portugal
Once again, FDI Logbox will be partner of one major event in Portugal : XI TEXTILE INDUSTRY FORUM, organised by ATP. This event will gather all the experts from the textile and clothing industry in Portugal. They will debate of the biggest issues that fear but at the same time mobilize the entire sector, especially Opportunities after Crisis.
• Still too soon to talk about recovery
During the first two quarters of 2009, textile production in the European Union has plummeted 22%. Most member countries have been affected: Italy has seen its production figures drop 25% and in France production has nosedived 27%. This fall in consumption of fashion and textile articles will probably continue through the end of the year, as only real improvement in the jobs market will provide the solid base necessary to build recovery on.
• Financing in Spain and Portugal
FDI Logbox has recently implemented a partnership with 2 banks to deliver to its Spanish and Portuguese clients a financing service which is a complement of its Logbox .
Milenium bcp is our Partner in Portugal, Banco Sabadell is our Partner in Spain.
• RIBOX : A new service to deal with unpaid RIBA
We are launching a new service for our Italian customers to deal with unpaid Riba - Ricevuta Bancaria, which are currently reaching more than 35% : RIBOX.
RIBOX is dedicated to Italian companies from the fashion market who want to obtain financing solutions from their banks based on their Riba portfolio, and limit their risk of outstanding payments.
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