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CreditorWatch Blog

Managing your money through managing your debtors

Four ways to deal with financial difficulties in your business

Four ways to deal with financial difficulties in your business

All businesses, even great ones, face challenges. Despite your best efforts as a director to maintain your company’s prosperity, some challenges can be too much to overcome on your own. In Australia, 7,464 companies entered liquidation or administration in the 2016/2017 financial year, according to the Australian Securities and Investments Commission (ASIC). Financial difficulties are […]

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Debt affects customer satisfaction

Debt affects customer satisfaction

It is not uncommon for early stage SME businesses to fall into marketing debt. This commonly occurs when the company, which relies on sales to stay afloat, underfunds its marketing campaign. As a result the health of the corporation starts to fail. The debt and marketing relationship During the initial stages of start-up, most businesses […]

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Looking beyond our shores as a small business

Looking beyond our shores as a small business

Australia’s continued economic relationship with China is showing little sign of slowing down[1], with the country – our biggest trading partner – investing in Australia at a level not seen since before the global financial crisis. There are, undoubtedly, valuable export opportunities for Australia’s small business sector not only in China but also in the […]

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Why cash is king for small businesses

Why cash is king for small businesses

The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t have a firm grip on the cash flow situation you could struggle to stay afloat and achieve long-term success. It is important to understand why cash flow matters so much to […]

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Businesses urged to monitor customers as court actions increase

Businesses urged to monitor customers as court actions increase

New research shows that nearly 1 in 2 Australian businesses are leaving themselves vulnerable to bad debt by not performing credit checks on their existing customers. CreditorWatch conducted a survey asking questions relating to credit management responsibilities to business owners, accountants and credit professionals from small to enterprise sized businesses. Whilst 72% of all respondents […]

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APPA Round Table – CreditorWatch HQ

APPA Round Table – CreditorWatch HQ

On Wednesday 5 July, CreditorWatch and the Australian Promotional Products Association (APPA) hosted a round table at CreditorWatch HQ in Sydney. A group of promotional product industry leaders, business owners and managers participated in a discussion around managing customer credit risk with technology. The event brought about discussion over challenges faced in the industry from […]

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