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CreditorWatch Blog

How to protect your small business from fraud

How to protect your small business from fraud

Reading Time: 4 minutes The pandemic, alongside the rise in technology advancements, has forced SMEs to change the way they operate. This can be anything from altering their business models and plans to keeping up with ever-changing customer trends. The last thing an SME needs is added fraudulent behaviour from trading partners, customers and even employees. According to a […]

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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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Debt collection challenges faced by the construction industry

Debt collection challenges faced by the construction industry

Reading Time: 3 minutes Struggling to get paid as a construction worker? You’re not alone – thousands of people within the industry are experiencing the same thing. Why debt collection is hard to manage in the construction industry It’s a tale as old as time for those working in construction. With the proportion of payment arrears of 60 days […]

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Wage Price Index and Westpac Consumer Sentiment

Wage Price Index and Westpac Consumer Sentiment

Reading Time: 2 minutes CreditorWatch Chief Economist Anneke Thompson says: “The Fair Work Commission (FWC) today announced a wage increase of 5.2 per cent for minimum wage earners. While this is the highest wage increase announced by the FWC in many years, it comes as the Reserve Bank of Australia (RBA) Governor Philip Lowe indicated inflation is likely to […]

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EOFY Survival Guide 2022

EOFY Survival Guide 2022

Reading Time: < 1 minute It’s EOFY 2022 and economic uncertainties are looming around every corner. Australia is experiencing inflation, rising interest rates, rising default rates, labour shortages, negative real wage growth and high fuel prices. The business landscape is characterised by increasing risks. Company insolvencies will continue to rise in 2022 and the road to recovery will be an […]

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Meet the Crew: Gabriel Asatryan – Data Analyst

Meet the Crew: Gabriel Asatryan – Data Analyst

Reading Time: < 1 minute Gabriel Asatryan is CreditorWatch’s new data analyst who has joined the Business Intelligence team. What do you do at CreditorWatch? I’ll be part of the new Business Intelligence team helping with the quarterly BRI and reports for internal stakeholders. What made you want to join CreditorWatch? The company culture and people working here as well […]

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