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CreditorWatch Blog

Credit Management

Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR Those who know about it but can’t comprehend it as it is […]

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Don’t fall behind: Improve your credit management through data and technology

Don’t fall behind: Improve your credit management through data and technology

It’s unmistakable that we live in a digital age. So many of our processes are now automated and streamlined through innovative technology. Accounting, marketing, communication, databases and more are all digitalised now. However, many small businesses are still running processes in the old school way. A Small Business Insights Report by XERO found that two-thirds of […]

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Identifying an Ultimate Beneficial Owner is Simple with CreditorWatch

Identifying an Ultimate Beneficial Owner is Simple with CreditorWatch

CreditorWatch has recently released a new product: The Ultimate Beneficial Owner’s Report CreditorWatch recognises the responsibility that comes with compliance to Know Your Customer (KYC) requirements and AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing Act 2006. With our Ultimate Beneficial Owner (UBO) Report, we take the hassle out of identifying beneficial owners and do the hard work […]

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Review your customers annually with this ApplyEasy feature

Review your customers annually with this ApplyEasy feature

Do you review your customers on an annual basis? ApplyEasy makes this easy with the Credit Limit Reassessment feature. This new feature acts as a reminder tool to notify you when a customer is coming up to the anniversary of their initial approval. You are then provided with the ability to re-evaluate the customer’s credit […]

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Creditors: 4 ways to defend a liquidator’s unfair preference claim

Creditors: 4 ways to defend a liquidator’s unfair preference claim

What is an Unfair Preference? Essentially, an unfair preference is when a creditor, within the six months before a company goes into administration or liquidation, receives payment(s) from that company that is more than they would receive if the payment(s) hadn’t occurred and they proved for their full debt in the liquidation. The “unfair preference” […]

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Credit Enquiries: Changes and Additional Features

Credit Enquiries: Changes and Additional Features

CreditorWatch has made changes to its Credit Enquiries widget which have made it more accurate and provides businesses with further information.    The most notable change to the widget is that the calculations have changed. Instead of viewing the number of credit enquiries in all time, they are now calculated over a 5-year period. The […]

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Five tips to prevent late payments – instead of chasing them!

Five tips to prevent late payments – instead of chasing them!

Late payments are a constant source of stress and strain for Australian small businesses. Research from Intuit reveals that small businesses are left an average of $13,200 in the red by late paying customers. This can have a serious effect on cash flow. Not only that, but small business owners end up spending an average […]

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Common Insolvency Terms Explained

Common Insolvency Terms Explained

Receivership, administration, debt agreement, liquidation, bankruptcy and insolvency. These all mean the same thing, don’t they? Kind of. Unless you work in the insolvency industry it can be easy to confuse these terms. This article aims to explain each term so if you ever come across it you know what it means. Insolvency Insolvency describes […]

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Why We Need Visual Influence & Clean Data

Why We Need Visual Influence & Clean Data

Clean data, displayed in a visually appealing way, is an easy and accurate way for business owners make quicker, informed decisions around risk. Visual influencing is a term that has recently been developed through the understanding of how best to communicate numbers and data through visuals and influence decision making. This is far more than […]

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