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CreditorWatch Blog

Using the Personal Property Securities Register (PPSR) to protect your small business

Using the Personal Property Securities Register (PPSR) to protect your small business

Reading Time: 3 minutes In Australia, small businesses account for almost 98 per cent of all businesses, contribute to 35 per cent of our GDP, and employ 44 per cent of our workforce. However, more than 60 per cent of small businesses fail within the first three years. But how does an operator of an SME (small and medium […]

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How to manage credit risk in the construction industry

How to manage credit risk in the construction industry

Reading Time: 4 minutes Construction is Australia’s third largest industry, accounting for nine per cent of our total GDP. With $360 billion in revenue generated annually, investors rightly view building and construction as a source of highly lucrative opportunities. The pandemic led to a boom in the construction industry, but it also saw many individual businesses struggling to maintain […]

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Unemployment steady at 3.9% but no signs of wages growth

Unemployment steady at 3.9% but no signs of wages growth

Reading Time: < 1 minute The unemployment rate for April 2022 remained steady with the revised March 2022 rate of 3.9 per cent. There appears to be very little slack remaining in the employment market, with employed people only increasing by 4,000 people (0.03 per cent) despite a record number of jobs being available. Youth (15-24 yr olds) unemployment also […]

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Podcast: Dire Warnings for the Australian Construction Industry

Podcast: Dire Warnings for the Australian Construction Industry

Reading Time: 11 minutes Like the rest of the Australian economy, the construction industry was getting back on its feet after the worst of the pandemic. But the sector has now been hit by a perfect storm of supply chain disruptions, cost blowouts and staff shortages as inflation and interest rates rise. Many of these forces, particularly cost increases, […]

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How sole traders can use data to power their businesses

How sole traders can use data to power their businesses

Reading Time: 6 minutes Sole traders make up more than 60 per cent of Australian businesses. It is the simplest and cheapest business structure, with low start-up costs, no registration or annual fees and fewer reporting requirements. An individual owns the business and has full control over all its assets and decisions. If you’re a sole trader, securing cash […]

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A guide to using property and land title reports

A guide to using property and land title reports

Reading Time: 3 minutes In this uncertain trading environment, businesses looking to improve their due diligence and assess creditworthiness of customers need to thoroughly investigate the assets owned by an individual or company. In the same way that searching the PPSR helps you understand who has security interests in your debtors’ personal property, property searches reveal who has interests […]

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How automation has enhanced credit risk management

How automation has enhanced credit risk management

Reading Time: 3 minutes Taking advantage of automation and digitalisation To keep up with rapid innovation and emerging disruption, customers and investors alike are now expecting digitalisation of all key aspects of business operations. With increasing demand for analytical and technical capabilities, credit teams need to embrace digital transformation of credit decisioning to remain competitive, save time and money […]

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Podcast: Business Risk Index – April 2022 Insights

Podcast: Business Risk Index – April 2022 Insights

Reading Time: 9 minutes Economy at turning point as positive trends continue; Grim outlook for flood-affected regions In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and Chief Economist Anneke Thompson discuss the key insights. Key Business Risk Index insights for April: Trade receivables and credit enquiries continue to trend upwards, […]

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BRI April 2022 – Industry Insights

BRI April 2022 – Industry Insights

Reading Time: 4 minutes By Anneke Thompson, Chief Economist, CreditorWatch In April we continue to see the impact of inflationary pressures in our Business Risk Index (BRI) data. Those industries that are price setters – i.e., that can adjust their prices quickly to offset their increasing costs – remain the lowest risk sectors. That is, healthcare and social assistance, […]

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Economy at turning point as positive trends continue; Grim outlook for flood-affected regions

Economy at turning point as positive trends continue;  Grim outlook for flood-affected regions

Reading Time: 6 minutes SYDNEY, Wednesday 11 May – The April 2022 CreditorWatch Business Risk Index (BRI) shows the Australian economy may have reached a turning point, with trade payment defaults and credit enquiries continuing to trend upwards for the quarter. Average trade receivables continued to rise in April, to their highest level since July last year, while credit […]

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