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CreditorWatch Blog

Credit Management

How to Be a Debt Collector Without Straining Relationships

How to Be a Debt Collector Without Straining Relationships

Within the SME tangled web of suppliers and customers, there is a chance that some of the debtors will be family, friends or people who you have been working with for years. Most relationships are built on trust and therefore, businesses might be inclined to allow a debtor extra time to pay up if needed. […]

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Despite Seasonal Trends, Small Businesses Have Generally Improved

Despite Seasonal Trends, Small Businesses Have Generally Improved

CREDITORWATCH | 2 MIN READ The first Small Business Risk Review for 2018 presents positive outcomes to the start of the year with a large decline in unincorporated entities and court actions across some states. Despite this, it is not all rosy as payment defaults have increased.   Notable Findings In comparison to Q1 2017, New […]

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5 Benefits of Our Newest Product: Bankruptcy Plus

5 Benefits of Our Newest Product: Bankruptcy Plus

CREDITORWATCH | 3 MIN READ CreditorWatch has recently introduced a new product, Bankruptcy Plus, in light of customer feedback. Just how valuable is this new tool and is it worth adding on to your subscription?    Over two years in the making, Colin Porter, founder of CreditorWatch, has been lobbying Australian Financial Securities Authority (AFSA) to […]

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Xero and MYOB Integration with CreditorWatch

Xero and MYOB Integration with CreditorWatch

CREDITORWATCH | 2 MIN READ   Join Forces! Did you know you can unlock useful new subscription benefits by connecting your Xero or MYOB account with CreditorWatch?     Merging these accounting systems with CreditorWatch is a free service for subscribers that allows us to provide you with information to better protect your cash flow, including […]

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My Data Rules: A Recipe for Creating Your Data Breach Response Plan

My Data Rules: A Recipe for Creating Your Data Breach Response Plan

CREDITORWATCH | 12 MIN READ Notifiable Data Breaches (“NDB”) With the commencement of the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) (“Privacy Act”) on 22 February 2018, not only is there an obligation on businesses to notify the regulator (the OAIC) about a “serious data breach” but also a requirement to have a Data […]

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Fewer debtors taken to court in Q4 2017

Fewer debtors taken to court in Q4 2017

Fewer businesses were taken to court over outstanding debt during the final three months of 2017 compared with the same period a year earlier, according to CreditorWatch’s latest quarterly Small Business Risk Review.   Four states saw a decline in the number of court actions taken against debtors in quarter four; namely, Queensland (-9%), NSW (-16%), […]

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