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CreditorWatch Blog

CreditorWatch data: Recovery to take longer than expected; Perth and Brisbane bouncing back quickest

CreditorWatch data: Recovery to take longer than expected; Perth and Brisbane bouncing back quickest

SYDNEY, Wednesday 8 December – The November 2021 CreditorWatch Business Risk Index (BRI) has revealed that business activity around Australia is currently weaker than expected, indicating that the return to pre-COVID levels is now likely to take longer than many pundits had anticipated. The data also showed a jump in defaults, external administrations, payment arrears […]

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Industry Synopsis for CreditorWatch’s November 2021 Business Risk Index

Industry Synopsis for CreditorWatch’s November 2021 Business Risk Index

The latest CreditorWatch Business Risk Index covers November, the first month since May where Australia has been relatively lockdown free. The CreditorWatch Business Risk Index (BRI) provides unique insights into the health of Australian businesses by region and industry. Data from CreditorWatch for November highlights that across businesses and regions, you can’t just flick a […]

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Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Food wholesalers across Australia are confronting international supply chain disruptions and price rises just as business picks up following the extended lockdowns in Melbourne and Sydney that obliterated profits over the past 18 months. The sector was heavily impacted by the forced shutdowns in the hospitality industry due to the pandemic. But now that lockdowns are over, the industry’s woes are being exacerbated by significant COVID-related supply chain disruptions arising […]

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How data can help you make better decisions and reduce credit risk

How data can help you make better decisions and reduce credit risk

How data can help you make better decisions and reduce credit risk In the digital age, data has become a key driver of growth, with insights guiding businesses to success. The financial services sector is heavily reliant on data, with banks, insurance companies and any organisations who deal in risk seeking to bolster their modelling and reduce defaults. Channelling rich, […]

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Omicron compounds the Great Supply Chain disruption

Omicron compounds the Great Supply Chain disruption

SYDNEY, 30 November 2021 – CreditorWatch, the Australian digital credit reporting agency, has laid out how Australian SMEs can navigate the great supply chain disruption and associated risks as the Omicron variant overshadows confidence in the economy’s reopening, during a data-rich panel discussion with leading supply chain fintech Earlytrade earlier today. Following two years of […]

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Navigating The Great Supply Chain Disruption – Risks for Australian business leaders

Navigating The Great Supply Chain Disruption – Risks for Australian business leaders

What risks do Australian business leaders face as east coast lockdowns ease? Sam MacPherson, Head of Treasury at Earlytrade, uses proprietary data from Australia’s largest working capital marketplace to support finance and procurement professionals preparing for the economy’s reopening. Events that have caused global supply chains to be pushed to the brink have been well […]

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Tips and Tricks for streamlining the business credit application process

Tips and Tricks for streamlining the business credit application process

By Luke Matthews, Senior Business Development Manager – Queensland, CreditorWatch Credit applications are a critical part of onboarding new customers. Put simply, a credit application is an essential contract that allows you to do business with a new customer. However, the manual and paper-based approach to client onboarding that many businesses currently use is time-consuming and open to human […]

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What are personal guarantees and why are they important for your business?

What are personal guarantees and why are they important for your business?

By Prue Greenfield, Principal Lawyer, Macpherson Kelley These documents are useful for supplementing credit agreements but it is crucial that they are set up properly. A personal guarantee is a promise made by a guarantor that they will personally meet the obligations of another person or company if that person or company defaults to the creditor under the original, or primary, agreement. In […]

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Start Your Business on the Right Foot: Good Credit Practices for New and Nano Businesses

Start Your Business on the Right Foot: Good Credit Practices for New and Nano Businesses

By Angela McDonald, Founder & Managing Director of Optimum Recoveries If there was ever a time to start your own small or nano business, it’s now. Australian Bureau of Statistics’ figures show there has been a 3.8 per cent rise in the number of businesses formed in the year to 30 June 2021. With the pressures of […]

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