Due Diligence
The new financial year is always a popular time to kickstart positive habits, and for small business owners, this applies just as much to the fiscal year as the calendar. With FY2020 just one week away, now is the opportunity to set clear goals and commit to business behaviour that will set you up for […]
In our last article, we explored what happens when you have the “Feels” for a Customer and how to avoid debtor heartbreak (check it out here). The “Funk” is that ensuing feeling you get when you realise the Customer you have supported, fought for, gone out on a limb for, and even (rarely) told little […]
The advancements of our digital era have made it easier to connect businesses and consumers around the world. While technology has increased economic activity, it has also increased the risk associated with doing business. Large organisations, particularly those in the finance industry, should be familiar with AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing Act 2006. Under Part […]
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 […]
By Terry Ledlin, Natalie Ledlin and Holly Jackson OK, we’ll admit it…..Married at First Sight has been a staple diet in our office for the last couple of months (although it did seem like it would never end). A common theme (outside of selfies, Insta followers, Botox and fake body parts (trout pouts and tattooed […]
CreditorWatch has made changes to its Credit Enquiries widget which have made it more accurate and provides businesses with further information. The most notable change to the widget is that the calculations have changed. Instead of viewing the number of credit enquiries in all time, they are now calculated over a 5-year period. The […]
CreditorWatch’s Small Business Risk Review for Quarter 3, 2018, shows an improvement in conditions for the majority of Australia in comparison to Quarter 3, 2017. Download our infographic Court actions and dollar amounts have decreased from last year’s third quarter for all states except Victoria. Western Australia has seen its court actions and judgements decrease […]
Late payments are a constant source of stress and strain for Australian small businesses. Research from Intuit reveals that small businesses are left an average of $13,200 in the red by late paying customers. This can have a serious effect on cash flow. Not only that, but small business owners end up spending an average […]
A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]
CreditorWatch has launched a new and exciting system that detects overdue payments that clients can register against, with a single click. Rather than spending valuable time searching your database to determine who is behind on payments, CreditorWatch makes this process easy and does the work for you. CreditorWatch clients are shown a list of potential […]