Last week CreditorWatch launched a highly valuable, Australian-first economic indicator—the Business Risk Index. Each month the index reveals which regions in Australia are at the highest and lowest risk of insolvency in the future – critical information for businesses and government as we continue to navigate through the downturn from the coronavirus pandemic toward economic recovery. Business decisions guided by real-time data Understanding the […]
The Business Risk Index (BRI) is a ground-breaking new economic indicator that provides unique insights into the health of Australian businesses by region. It draws on a wide range of data points to produce a dynamic measure of future insolvency risk for more than 300 regions across Australia. The BRI ranks each region on a […]
Sydney, 13 October 2021 – Leading digital commercial credit reporting bureau CreditorWatch is today releasing the results of its inaugural monthly Business Risk Index, a groundbreaking predictive economic indicator to help guide businesses when making future growth plans and inform public policy. The Business Risk Index is a new regional credit rating that ranks more than […]
SYDNEY, 24 September 2021 – Australian digital credit reporting bureau, CreditorWatch, has today announced the appointment of Fiona Crawford, a two-time medal-winning Olympian and HR Director of the Year finalist, as its General Manager for People and Culture. Fiona joins CreditorWatch following an impressive career spanning professional sports – where she played at the very […]
Lockdowns slam the brakes on business activity After showing signs of resilience in July, the full impact of continuous lockdowns has taken its toll on Australian business activity, with dire outlooks for many businesses specifically in Sydney and Melbourne. Key findings from August 2021: The CreditorWatch Business Risk Review for August 2021 highlights the difficult lockdown period most Australians are currently experiencing and masks a calm before the […]
Do you really know & understand the financial health of your best customers? Many small business owners are not aware that their biggest exposure to credit default may lie with their top five customers. It often comes up in conversation with business owners. The confidence, good relations and trust that is built up over time […]
A piece of legislation came into being on the 1st of January this year that will have major ramifications for small businesses in Australia. The Payment Times Reporting Bill 2020 established the Payment Times Reporting Scheme, which requires businesses with an income of more than $100 million to report on their payment terms and practices […]
Trade payments data healthy… but for how long? The stats that matter – Comparing July’s Business Risk Review 2021 to June 2021 Payment defaults down 20% Credit enquiries up 12.5% Court actions were down 20% month on month. *not seasonally adjusted* External administrations down almost 23% The July 2021 CreditorWatch Business Risk Review is a […]
Download EOFY Playbook This is the second year CreditorWatch has published its Economic Insights: the Road Ahead report, which is an opportunity to reflect on the financial year that was and form a view on Australia‘s economic future and the factors that are likely to drive it. The report includes CreditorWatch CEO Patrick Coghlan’s view […]
Analysing the ebb and flow of our economic recovery Stats that matter – comparing June’s Business Risk Review 2021 to May 2021 External administrations down 22.6% Court actions down 9% Payment defaults up 14.95% Credit enquiries down 2.3% The June 2021 CreditorWatch Business Risk Review is a reflection of the ups and downs playing out […]
