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CreditorWatch Blog: Page 2

CASE STUDY: Probuild collapse – avoiding failures like this is possible

CASE STUDY: Probuild collapse – avoiding failures like this is possible

Reading Time: 5 minutes The Foreign Investment Review Board (FIRB) has been criticised in several quarters for helping to trigger last month’s collapse of Probuild through its refusal to approve a $300 million takeover of the company by state-owned China State Construction Engineering Corp on national security grounds. But would this takeover have actually saved Probuild? Not likely, according […]

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How credit scores help businesses manage the impacts of Omicron

How credit scores help businesses manage the impacts of Omicron

Reading Time: 2 minutes CreditorWatch RiskScore helps businesses manage the impacts of the pandemic  The flow-on impacts from the spread of the Omicron variant have brought many small businesses to their knees. Supply chain disruptions, skills shortages and rising costs hit SMEs when they were just beginning to recover from the initial outbreak of COVID-19. At a time when it’s never been more critical for businesses to have […]

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How to take your credit checks to the next level

How to take your credit checks to the next level

Reading Time: 4 minutes Protect Your Business with AI-Driven Credit Checks  Signing any agreement before you have all the information is risky business. As a business owner, it’s in your interest to exercise due diligence to ensure you know who you’re getting into business with. With every transaction, there is a chance you’re opening yourself up to the risk of financial […]

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How can you know which companies to do business with?

How can you know which companies to do business with?

Reading Time: 3 minutes One of the biggest challenges for business owners is being able to tell which companies and providers you can reliably trade with, and which you should avoid. No vendor will tell you this on their own, and many will have reasons to indicate the opposite. So, what gives? It is more challenging than ever to ascertain this. And yet […]

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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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