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CreditorWatch Blog

Why Omicron has increased your need for automated customer onboarding

Why Omicron has increased your need for automated customer onboarding

Reading Time: 3 minutes Missing information. Overwhelming amounts of paperwork. Hours of manual labour. Costly file management. Traditional credit checks and their shortcomings are giving way to a new era of efficient, rapid and user-friendly approaches to checking business’ credit histories and customer onboarding. The coronavirus pandemic has been – most obviously – a healthcare and humanitarian crisis. But beyond this, it has also […]

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What are zombie companies and how do you identify them?

What are zombie companies and how do you identify them?

Reading Time: 4 minutes The term ‘zombie company’ has been around since the late ’80s when the Japanese economy collapsed, and banks propped up many large corporations that would have otherwise failed. It has come to refer to any business that is so debt laden that it is only able to pay the interest on its loans, not the […]

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Your business might be COVID-safe, but is it credit safe?

Your business might be COVID-safe, but is it credit safe?

Reading Time: 2 minutes As vaccination numbers grow and lockdown restrictions are gradually reduced, businesses are emerging from hibernation to a society that is eager to return to a ‘new normal’. Just as our communities are vigilant about the continuing threat of the pandemic and are obtaining their COVID vaccine passports, it is prudent for businesses to remain watchful […]

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Seven warning signs in a credit report you might not know about

Seven warning signs in a credit report you might not know about

Reading Time: 3 minutes CreditorWatch’s credit reports contain unique data and insights to help business of all sizes better manager their credit risk and credit score. To help you leverage all the information in our reports, here are seven warning signs you might not know about.   Cross directorships A cross directorship occurs when an individual is found to be the director of multiple companies. When […]

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The power of CreditorWatch’s unique data

The power of CreditorWatch’s unique data

Reading Time: 2 minutes At CreditorWatch, our unique data gives our customers a competitive edge. Our exclusive insights enable businesses, specifically small businesses to make smarter and more informed credit decisions and better manage risk, particularly in this COVID-impacted economy.   Quantity and diversity of data sources More than 55,000 customers access and contribute financial data to CreditorWatch, making […]

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Reinventing the RiskScore

Reinventing the RiskScore

Reading Time: 3 minutes Leveraging Big Data to revolutionise Credit Risk assessment. The latest partnership between CreditorWatch and Open Analytics is revolutionising credit risk assessment and automated credit decisioning. The new RiskScore product, incorporating CreditorWatch’s industry leading data with proprietary algorithms from Open Analytics, sets the benchmark for timely and accurate credit default prediction in the Australian B2B landscape. CreditorWatch’s new RiskScore is a live rating that […]

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CreditorWatch Payment Rating

CreditorWatch Payment Rating

Reading Time: 2 minutes It’s as easy as ABCDE On 1 July 2021, CreditorWatch launched Payment Rating – our latest product designed to shed light on slow-paying businesses. The new tool scans business-to-business transactions to measure the time it takes companies to pay their suppliers’ invoices. This gives CreditorWatch customers invaluable insight into their clients’ propensity to pay on […]

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