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CreditorWatch Blog

RBA raises official cash rate to 1.35%

RBA raises official cash rate to 1.35%

Reading Time: 3 minutes Anneke Thompson, Chief Economist, CreditorWatch Cash rate rise scenario: The Reserve Bank of Australia (RBA) has once again increased the cash rate by 50 basis points to 1.35% in an effort to reign in inflation before a ‘spiral’ sets in. Today’s announcement is unsurprising, given recent comments by both Governor Philip Lowe and Treasurer Jim […]

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Five Benefits of 24/7 Monitoring and Real-Time Alerts

Five Benefits of 24/7 Monitoring and Real-Time Alerts

Reading Time: 3 minutes In the current economy, filled with uncertainties, businesses are being forced to rapidly change and become more adaptable. And many are not able to manage the transition. CreditorWatch’s Business Risk Index data forecasts insolvencies to steadily rise across the remainder of 2022. To manage emerging risks, it is essential to monitor your trading partners on […]

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How logistics companies can speed up debt collection

How logistics companies can speed up debt collection

Reading Time: 3 minutes Extending credit always comes with risk. Nowhere is this truer than in the logistics industry, where the process is complicated due to the many moving parts and different stakeholders that make up a supply chain. You can’t always avoid payment defaults, but with the right tools and strategies, you can minimise risk and speed up […]

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ABS Business Conditions and Sentiments

ABS Business Conditions and Sentiments

Reading Time: < 1 minute CreditorWatch Chief Economist Anneke Thompson says: “The ABS has released their final Business Conditions and Sentiments survey. The survey results give us some indication of upcoming inflation and economic conditions. Almost half (46 per cent) of businesses reported that their operating expenses have increased. This is an increase in 21 per cent of businesses who […]

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Meet the Crew: Michael Wang – Data Science Manager

Meet the Crew: Michael Wang – Data Science Manager

Reading Time: < 1 minute Welcome Michael Wang to the CreditorWatch crew! What do you do at CreditorWatch? Data Science Manager What made you want to join CreditorWatch? The vibrant culture and the opportunity to be part of CreditorWatch’s growth journey. What’s the biggest career lesson you’ve learnt so far? Don’t burn any bridges, the world is too small. What […]

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‘Perfect economic storm’ means the end is nigh for struggling Aussie businesses

‘Perfect economic storm’ means the end is nigh for struggling Aussie businesses

Reading Time: 6 minutes CreditorWatch has released its Industry Synopsis for June. Industry data, coupled with stats from its Business Risk Index (BRI)*, point to an increased probability of default for a number of industries, as the threat of rising interest rates finally eventuates. Australia is currently experiencing a ‘perfect economic storm’ of increasing cost of debt, labour and […]

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Wage Price Index and Westpac Consumer Sentiment

Wage Price Index and Westpac Consumer Sentiment

Reading Time: 2 minutes CreditorWatch Chief Economist Anneke Thompson says: “The Fair Work Commission (FWC) today announced a wage increase of 5.2 per cent for minimum wage earners. While this is the highest wage increase announced by the FWC in many years, it comes as the Reserve Bank of Australia (RBA) Governor Philip Lowe indicated inflation is likely to […]

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EOFY Survival Guide 2022

EOFY Survival Guide 2022

Reading Time: < 1 minute It’s EOFY 2022 and economic uncertainties are looming around every corner. Australia is experiencing inflation, rising interest rates, rising default rates, labour shortages, negative real wage growth and high fuel prices. The business landscape is characterised by increasing risks. Company insolvencies will continue to rise in 2022 and the road to recovery will be an […]

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