Did you know that over 116,000 people are experiencing homelessness in Australia? 28,191 of these people are in New South Wales. Unfortunately, a severe lack of social and affordable housing, coupled with a wide range of complicated social issues makes homelessness a difficult problem to tackle. Fortunately, there are ways to be a part of […]
The Small Business Risk Review Q1 2019, found that court actions across Australia have increased significantly in the 1st quarter of 2019 in comparison to Quarter 1, 2018. It’s no surprise to see worrisome numbers in the first quarter. This is particularly due to the consequences of the holiday season. Despite the influx of […]
Episode two of CrewWatch is out now and it’s a great opportunity to get to know our new staff! CreditorWatch recently onboarded 12 new staff back in February. As part of the hiring process, we like to ensure that our staff members fit in with our core values. In this episode of CrewWartch, we’ll discuss […]
The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR Those who know about it but can’t comprehend it as it is […]
Whether it’s ordering a taxi or a meal using Uber, watching your favourite movie through Netflix or simply seeing how you exercise alongside your mates with Strava, digitisation is having a substantial impact on our lives for the better. I cannot think of a single SME that would not want to improve their cash flow. […]
It’s unmistakable that we live in a digital age. So many of our processes are now automated and streamlined through innovative technology. Accounting, marketing, communication, databases and more are all digitalised now. However, many small businesses are still running processes in the old school way. A Small Business Insights Report by XERO found that two-thirds of […]
Deteriorating payment behaviour is a leading indicator of credit risk. The payment predictor assists CreditorWatch customers to understand a company’s payment history across a 12-month period, helping to identify slow paying businesses. The payment predictor now includes industry-specific data as well, allowing a comparison between how a business pays their bills versus their industry peers. […]
This year, we thought we would try something a little different. So, we are happy to announce the launch of the inaugural CrewWatch! We are excited about the many changes, new products and features, growth and other happenings here at CreditorWatch and we are passionate about making things better for our customers. Therefore, we have […]
The final quarter of 2018 for small businesses didn’t exactly present the best outcome. Court actions and judgments across Australia (except WA) have increased significantly in the 4th quarter of 2018 in comparison to the previous year. In addition, the average payment default value and cancelled unincorporated entities have increased. Download the infographic New South […]
Did you know that lodging a payment default is a powerful, provocative tool to assist with debt collection? Often, when people hear the term, payment defaults, they think of it as a much more complicated process than what it needs to be. However, it is a simple tool that can help you get paid, even […]