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CreditorWatch Blog

How can you know which companies to do business with?

How can you know which companies to do business with?

Reading Time: 3 minutes One of the biggest challenges for business owners is being able to tell which companies and providers you can reliably trade with, and which you should avoid. No vendor will tell you this on their own, and many will have reasons to indicate the opposite. So, what gives? It is more challenging than ever to ascertain this. And yet […]

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The master of predictive data models

The master of predictive data models

Reading Time: 4 minutes For anyone working in financial services, more predictive algorithm credit-risk models mean more informed decision making and therefore fewer losses. So how can data specialists working in fintech enhance the predictability of their models? James O’Donnell, Managing Director of Open Analytics and creator of the CreditorWatch Business Risk Index, provides some insights.   Leveraging respected expertise James O’Donnell is a numbers man, […]

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CreditorWatch data: Santa went missing! But Newcastle and Perth best improving cities

CreditorWatch data: Santa went missing! But Newcastle and Perth best improving cities

Reading Time: 7 minutes SYDNEY, Thursday 20 January – Santa went missing! The December 2022 CreditorWatch Business Risk Index (BRI) has revealed that Australia’s trading activity was at its lowest point since the pandemic began due to the impacts of the Omicron variant. Trade receivables for December 2021 were down a massive 45 per cent on December 2020 figures. […]

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Why Omicron has increased your need for automated customer onboarding

Why Omicron has increased your need for automated customer onboarding

Reading Time: 3 minutes Missing information. Overwhelming amounts of paperwork. Hours of manual labour. Costly file management. Traditional credit checks and their shortcomings are giving way to a new era of efficient, rapid and user-friendly approaches to checking business’ credit histories and customer onboarding. The coronavirus pandemic has been – most obviously – a healthcare and humanitarian crisis. But beyond this, it has also […]

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Big machines, big challenges: wrangling the risks of the mining, agriculture, and construction industries

Big machines, big challenges: wrangling the risks of the mining, agriculture, and construction industries

Reading Time: 4 minutes Right now, there’s a lot going on for the business community to deal with. The pandemic and climate change have impacted us all in different ways with multiple flow-on effects. Some have endured far tougher times than others but one thing we all have in common is that we’ve had to quickly adapt to these unfolding global events. In Australia, […]

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How to cleanse your data to reduce credit risk this holiday season

How to cleanse your data to reduce credit risk this holiday season

Reading Time: 2 minutes As Australia comes out of COVID pandemic and lockdown restrictions are reduced, uncertainty around trading activity remains. During the holiday period it is vital to stay on top of your customer data. Companies need data to gain insights for business development and make informed decision-making. CreditorWatch’s portfolio health check and data cleansing play a vital role in detecting data discrepancies within […]

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Talking Tech: How to build a Business Risk Index, Part 4

Talking Tech: How to build a Business Risk Index, Part 4

Reading Time: 6 minutes How do you deliver the index? In this four-part series, CreditorWatch Software Architect Developer, Juanjo Lainez Reche, takes you through the decision-making and development of the Business Risk Index – one of the most complex and ambitious projects ever undertaken by the company. In my first article I outlined how we built the master datasets and our online transaction […]

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Talking Tech: How to build a Business Risk Index, Part 3

Talking Tech: How to build a Business Risk Index, Part 3

Reading Time: 7 minutes Building the model In this four-part series, CreditorWatch Software Architect Developer, Juanjo Lainez Reche, takes you through the development of the Business Risk Index – one of the most complex and ambitious projects ever undertaken by the company. In my first article I outlined how we built the master datasets and our online transaction processing platform (OLTP), which fuels […]

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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

Reading Time: 8 minutes 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

Reading Time: 5 minutes 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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