Reading Time: 3 minutes In the current economy, filled with uncertainties, businesses are being forced to rapidly change and become more adaptable. And many are not able to manage the transition. CreditorWatch’s Business Risk Index data forecasts insolvencies to steadily rise across the remainder of 2022. To manage emerging risks, it is essential to monitor your trading partners on […]
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 […]
Reading Time: 3 minutes When it comes to any business-to-business relationship, maintaining a mutually respectful and reliable partnership is one of the top priorities. But what happens when your customer ends up being unable to deliver on their promises? Chances are these customers mean bad news – and bad debt! What is bad debt? Bad debt happens when your […]
Reading Time: 9 minutes Economy at turning point as positive trends continue; Grim outlook for flood-affected regions In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and Chief Economist Anneke Thompson discuss the key insights. Key Business Risk Index insights for April: Trade receivables and credit enquiries continue to trend upwards, […]
Reading Time: 2 minutes Anneke Thompson, Chief Economist at CreditorWatch, comments on The Reserve Bank of Australia’s (RBA) cash rate decision In response to the highest recorded inflation rate since the introduction of the GST in 2001, the Reserve Bank of Australia (RBA) has chosen to increase the cash rate to 0.35%, prior to receiving data on wage increases. […]
Reading Time: 3 minutes Understanding Business Credit Reports If you’re a business owner who extends credit to other businesses, you probably know exactly what a business credit report is. What if we were to ask you who prepares a business credit report? Where does the data come from? And is a business credit report the same as a business […]
Reading Time: 2 minutes Would you like to know if your customers have a large debt with the ATO? CreditorWatch is currently the only credit bureau in Australia reporting on this information. The ATO is Australia’s largest creditor responsible for the largest number of company windups in 2019. Historically, businesses would take on debtors with undisclosed tax debts and […]
Reading Time: 5 minutes As we emerge from the pandemic, many businesses are struggling with cash flow and seeking credit to get going again. Those who are unable to meet the strict lending criteria of major lenders such as banks are increasingly turning to second tier lenders. Although many potential borrowers are in a vastly different shape to what […]
Reading Time: 6 minutes In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and index creator James O’Donnell from Open Analytics discuss the key insights. Key Business Risk Index insights for March: Trade receivables and credit enquiries up, indicating the economy many have reached a turning point for trade activity. […]
Reading Time: 3 minutes You’ve done the work and you’ve sent the invoice. Now you wait. Every business owner knows the challenge of getting debtors to pay on time. But is there more you can do to get paid faster when businesses stall? Put simply, yes. Businesses that are efficient in making collections have aligned their credit control processes […]