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CreditorWatch Blog

Meet the Crew – Natalie Ip

Meet the Crew – Natalie Ip

Reading Time: 2 minutes Meet Natalie Ip – People and Culture Officer, SYD 1.What do you do at CreditorWatch and why do you love it? I’m a new addition to the P&C team and I am loving my first week so far because everyone has been so welcoming so far! I’m excited for the projects we have coming up […]

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Economic Snapshot on Labour Force

Economic Snapshot on Labour Force

Reading Time: < 1 minute CreditorWatch’s Chief Economist, Harley Dale, comments on today’s ABS Labour Force data. December’s results saw Australia’s unemployment rate fall to 4.2 per cent in December 2021 from 4.6 per cent a month earlier. This was the lowest reading since August 2008 as COVID-19 lockdowns were lifted. Australia’s labour market ended 2021 in stunning fashion The labour market […]

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Industry Synopsis for CreditorWatch’s December 2021 Business Risk Index

Industry Synopsis for CreditorWatch’s December 2021 Business Risk Index

Reading Time: 5 minutes The latest CreditorWatch Business Risk Index captures circumstances for December 2021, a month when economic promises began break. The CreditorWatch Business Risk Index (BRI) provides unique insights into the health of Australian businesses by region and industry. Data from CreditorWatch for December last year reveals a number of industries and regions under pressure. CreditorWatch has […]

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CreditorWatch data: Santa went missing! But Newcastle and Perth best improving cities

CreditorWatch data: Santa went missing! But Newcastle and Perth best improving cities

Reading Time: 7 minutes SYDNEY, Thursday 20 January – Santa went missing! The December 2022 CreditorWatch Business Risk Index (BRI) has revealed that the Australia’s trading activity was at its lowest point since the pandemic began due to the impacts of the Omicron variant. Trade receivables for December 2021 were down a massive 45 per cent on December 2020 […]

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Why Omicron has increased your need for automated customer onboarding

Why Omicron has increased your need for automated customer onboarding

Reading Time: 3 minutes Missing information. Overwhelming amounts of paperwork. Hours of manual labour. Costly file management. Traditional credit checks and their shortcomings are giving way to a new era of efficient, rapid and user-friendly approaches to checking business’ credit histories and customer onboarding. The coronavirus pandemic has been – most obviously – a healthcare and humanitarian crisis. But beyond this, it has also […]

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Retail Sales have a bounce in their step, but for how long?

Retail Sales have a bounce in their step, but for how long?

Reading Time: 2 minutes Harley Dale, CreditorWatch Chief Economist, comments on today’s ABS Retail Trade stats which saw retail sales jump 7.3 per cent in November 2021, reflecting a record value of sales in Australian history: “Today’s results have produced a spectacular outcome, providing a strong base for the challenges many SMEs are facing in early 2022.  “However,  November […]

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Big machines, big challenges: wrangling the risks of the mining, agriculture, and construction industries

Big machines, big challenges: wrangling the risks of the mining, agriculture, and construction industries

Reading Time: 4 minutes Right now, there’s a lot going on for the business community to deal with. The pandemic and climate change have impacted us all in different ways with multiple flow-on effects. Some have endured far tougher times than others but one thing we all have in common is that we’ve had to quickly adapt to these unfolding global events. In Australia, […]

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How to cleanse your data to reduce credit risk this holiday season

How to cleanse your data to reduce credit risk this holiday season

Reading Time: 2 minutes As Australia comes out of COVID pandemic and lockdown restrictions are reduced, uncertainty around trading activity remains. During the holiday period it is vital to stay on top of your customer data. Companies need data to gain insights for business development and make informed decision-making. CreditorWatch’s portfolio health check and data cleansing play a vital role in detecting data discrepancies within […]

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Talking Tech: How to build a Business Risk Index, Part 4

Talking Tech: How to build a Business Risk Index, Part 4

Reading Time: 6 minutes How do you deliver the index? In this four-part series, CreditorWatch Software Architect Developer, Juanjo Lainez Reche, takes you through the decision-making and development of the Business Risk Index – one of the most complex and ambitious projects ever undertaken by the company. In my first article I outlined how we built the master datasets and our online transaction […]

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