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CreditorWatch Blog

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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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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Using the Personal Property Securities Register (PPSR) to protect your small business

Using the Personal Property Securities Register (PPSR) to protect your small business

Reading Time: 3 minutes In Australia, small businesses account for almost 98 per cent of all businesses, contribute to 35 per cent of our GDP, and employ 44 per cent of our workforce. However, more than 60 per cent of small businesses fail within the first three years. But how does an operator of an SME (small and medium […]

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How to manage credit risk in the construction industry

How to manage credit risk in the construction industry

Reading Time: 4 minutes Construction is Australia’s third largest industry, accounting for nine per cent of our total GDP. With $360 billion in revenue generated annually, investors rightly view building and construction as a source of highly lucrative opportunities. The pandemic led to a boom in the construction industry, but it also saw many individual businesses struggling to maintain […]

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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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The 3 Ps of preparation for small businesses: Part 3 – Protections

The 3 Ps of preparation for small businesses: Part 3 – Protections

Reading Time: 7 minutes Our latest episode of Business Insights is the third in a three-part series on how SMEs can best prepare themselves for uncertainty using the 3 Ps of preparation: processes, policies and procedures, and protection. Our guest for the series is an expert in helping businesses with best-practice preparation: Natalie Ledlin, Solicitor Director at Ledlin Lawyers. […]

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Podcast: The 3 Ps of preparation for small businesses: Part 2 – Policies and Procedures

Podcast: The 3 Ps of preparation for small businesses: Part 2 – Policies and Procedures

Reading Time: 8 minutes Our latest episode of Business Insights is the second in a three-part series on how SMEs can best prepare themselves for uncertainty using the 3 Ps of preparation: processes, policies and procedures, and protection. Our guest for the series is an expert in helping businesses with best-practice preparation: Natalie Ledlin, Solicitor Director at Ledlin Lawyers. […]

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