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CreditorWatch Blog

Credit Management

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 to protect your small business from fraud

How to protect your small business from fraud

Reading Time: 4 minutes The pandemic, alongside the rise in technology advancements, has forced SMEs to change the way they operate. This can be anything from altering their business models and plans to keeping up with ever-changing customer trends. The last thing an SME needs is added fraudulent behaviour from trading partners, customers and even employees. According to a […]

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Five reasons to integrate your accounting package with CreditorWatch

Five reasons to integrate your accounting package with CreditorWatch

Reading Time: 5 minutes Are you making the most out of your CreditorWatch subscription? By now, you already know how CreditorWatch strengthens your credit risk management processes. Here’s a tip to improve this further – integrate your Xero or MYOB accounting package with CreditorWatch. This integration enhances automation to increase speed and accuracy, empowering businesses to take a more […]

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How is a credit score calculated?

How is a credit score calculated?

Reading Time: 3 minutes What is a credit score? Whether you’re the owner of a small, medium or large business, a credit score is a vital source of information to help avoid bad debt. A credit score helps lenders understand and assess the creditworthiness and credit risk of potential and existing debtors. In this blog, we will delve into […]

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How automation has enhanced credit risk management

How automation has enhanced credit risk management

Reading Time: 3 minutes Taking advantage of automation and digitalisation To keep up with rapid innovation and emerging disruption, customers and investors alike are now expecting digitalisation of all key aspects of business operations. With increasing demand for analytical and technical capabilities, credit teams need to embrace digital transformation of credit decisioning to remain competitive, save time and money […]

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What is a credit file and how can it affect your business?

What is a credit file and how can it affect your business?

Reading Time: 3 minutes What is a credit file? Having access to credit is important for any business owner, but many entrepreneurs only have a vague understanding of what their credit file looks like and what goes into a credit file check. Financial institutions are partly to blame for this; it sometimes feels as if the processes involved in […]

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How lenders can enhance their credit decisioning with CreditorWatch data

How lenders can enhance their credit decisioning with CreditorWatch data

Reading Time: 5 minutes As we emerge from the pandemic, many businesses are struggling with cash flow and seeking credit to get going again. Those who are unable to meet the strict lending criteria of major lenders such as banks are increasingly turning to second tier lenders. Although many potential borrowers are in a vastly different shape to what […]

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An Introduction to Financial Risk Assessments

An Introduction to Financial Risk Assessments

Reading Time: 3 minutes A Financial Risk Assessment provides a comprehensive look into the financial viability of your customers, suppliers and contractors. By assessing the reputation and financial stability of entities you work with, you can choose the right trading partners and safeguard business growth. Use Financial Risk Assessment reports to confidently make credit and procurement decisions and mitigate risks upfront. Through using financial risk management you can find out if your trading partners can […]

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Preparing your business for the challenges of Omicron

Preparing your business for the challenges of Omicron

Reading Time: 3 minutes As the Omicron variant sweeps across Australia, the initial relief that came with opening up after the lockdowns has quickly dissipated. With supply chain disruptions and labour shortages severely restricting capacities, many businesses are in a worse position now than they were during the lockdowns. So, how can small businesses navigate the impact of Omicron, […]

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