Zombie Companies Multiply as Payment Times Blow Out
Our Small Business Risk Review data for June shows payment times across all industries have blown out by an average of 49 days year-on-year. Access the latest business stats in this article.
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 […]
Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure
Looking for data on Quarter 4? Read how the retail industry has fared at the end of 2019. 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 […]
Case Study: Best in Class Customer Origination Experience with API Integration
CreditorWatch API allows you to seamlessly integrate our products directly into your ERP, CRM or third-party system. Watch how GetCapital uses CreditorWatch API Integration here.
CrewWatch Episode 3: Behind the Scenes of Our Dev Team
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, […]
PPSRLogic 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 PPSRLogic “We are honoured to accept the 2019 ABA100 Award for Business Technology, in recognition of our innovative platform, PPSRLogic. Our customer-centric focus and dedication to innovation have helped us to produce a product that […]
Court actions increased in FY2019 in comparison to FY2018
Performing due diligence is more important than ever 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 […]
More Resources to Support Small Business Growth Have Been Launched
This industry-first Business Funding Guide aims to help Australian small businesses tackle the funding crisis 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 developed by the Australian […]
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 […]
The Riskiest Industries of Financial Year 2019
The construction industry was the biggest risk to small businesses CreditorWatch reviewed industry data across that last 12 months. 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 highest court actions in […]