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CreditorWatch Blog

Industry Insights Quarter 3, 2019: Construction remains the worst performing industry but others catch up

Industry Insights Quarter 3, 2019: Construction remains the worst performing industry but others catch up

It is no surprise that Construction remained the worst industry for court actions in Quarter 3, 2019. However, other industries are showing signs of catching up. Construction remained the worst-performing industry in court actions in all states with the exception of Western Australia. Western Australia which saw retail trade as the worst-performing industry for court […]

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Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure

Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure

CreditorWatch’s Small Business Risk Review for Quarter 3, 2019 highlights a large increase in the value of court actions in Queensland, concerning change for Western Australia and an increase in insolvencies across Australia. Quarter 3, 2019 continued to highlight the unstable and uncertain economy that Australia has been experiencing this year.  As Australia remains on […]

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Case Study: Best in Class Origination Customer Experience with API Integration

Case Study: Best in Class Origination Customer Experience with API Integration

CreditorWatch API allows you to seamlessly and securely integrate our products directly into your ERP, CRM or third-party system. Paul Nayda, Chief Product Officer at GetCapital, shares his experience of using CreditorWatch API Integration for ASIC extracts. “Embedding data from ASIC in our origination process dynamically allows GetCapital to produce digital origination experiences that vastly […]

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PPSR Logic wins CreditorWatch ABA100 Award in Business Technology Category

PPSR Logic wins CreditorWatch ABA100 Award in Business Technology Category

CreditorWatch has been recognised as an ABA100 Winner in The Australian Business Awards 2019 in the Business Technology category for PPSR Logic. “We are honoured to accept the 2019 ABA100 Award for Business Technology, in recognition of our innovative platform, PPSR Logic. Our customer-centric focus and dedication to innovation have helped us to produce a […]

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Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 across all states, with the exception of WA, by 18% volume and 13% dollar amount. Victoria took the lead with the highest amount of court actions, followed by New South Wales. Victoria had the highest dollar amounts in July 2017 and April 2019. Western Australia had the least amount with […]

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More Resources to Support Small Business Growth Have Been Launched

More Resources to Support Small Business Growth Have Been Launched

An industry-first Business Funding Guide that aims to help Australian small businesses tackle the funding crisis has been launched. The guide is primarily aimed at SME trusted advisors like accounts receivables and financial modelling professionals to help small business owners find the right funding and increase their likelihood of having funding approved. The guide was […]

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Tax Debt Transparency Back in Parliament

Tax Debt Transparency Back in Parliament

Would you like to know when a customer has a significant tax debt with the ATO? A government proposal to allow the ATO to share information about business tax debt to credit bureaus like CreditorWatch was re-introduced to parliament this week. The legislation would improve the ATO’s ability to address the $10 billion small business […]

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The Riskiest Industries of Financial Year 2019

The Riskiest Industries of Financial Year 2019

CreditorWatch reviewed industry data across that last 12 months. It may be no surprise to some that the riskiest industry was Construction. The statistics were loud and clear across each state that construction was performing poorly. Looking at court actions, New South Wales was the riskiest in Construction by 33%. New South Wales had the […]

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Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

The second quarter of 2019 saw a continued increase in court actions for New South Wales, South Australia and Victoria. Comparing this quarter with Quarter 2, 2018 really highlights the increase in court actions and judgments for those three states. Since December 2018, NSW has seen a steady rise in court actions. However, the largest […]

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