SEPA-payment

A European standard for bank transfers and direct debits within the SEPA area, making payments faster and easier. Faster is better - as with debt collections.

Personal approach

A reference number that companies use to link an order and invoice to a purchase order, for control and administration purposes.

WCO (Wet Continuïteit Ondernemingen)

A Belgian law on the continuity of companies, which temporarily protects companies in financial difficulties from creditors, allowing them to restructure and continue their operations.

E-invoicing

The digital compilation, sending and processing of invoices, often through standardised systems such as Peppol, to make the invoicing process more efficient.

PO-nummer (Purchase Order-number)

A reference number that companies use to link an order and invoice to a purchase order, for control and administration purposes.