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 […]
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 […]
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 […]
Episode three of CrewWatch takes you behind the scenes of our Dev team! CreditorWatch would not be where we are at now without the minds, efforts and collaboration of our fantastic dev team. They are the bread and butter behind our products. Hear from two of our senior dev team members and how innovation, data, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]