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CreditorWatch Blog

Managing your money through managing your debtors

Experts

Let’s Talk… Late Payments

Let’s Talk… Late Payments

SMEs are vulnerable to late payers in Australia, with Small Business Ombudsman Kate Carnell stating, in April, that larger organisations are using them as a “cheap form of finance”, restricting their growth and causing solvency issues. From calls for legislation to the introduction of a voluntary code to deter late payments, late payments have never been a hotter topic, and […]

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Four ways to deal with financial difficulties in your business

Four ways to deal with financial difficulties in your business

All businesses, even great ones, face challenges. Despite your best efforts as a director to maintain your company’s prosperity, some challenges can be too much to overcome on your own. In Australia, 7,464 companies entered liquidation or administration in the 2016/2017 financial year, according to the Australian Securities and Investments Commission (ASIC). Financial difficulties are […]

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How to avoid unenforceable contracts

How to avoid unenforceable contracts

No business operates in complete isolation. Agreements must be made between your business and its customers, as well as with other businesses such as suppliers and distributors. So how do businesses enforce their agreements? The answer is through the formation of legally binding contracts. Unfortunately, many businesses get caught out with unenforceable contracts and, in turn, […]

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Small business banking in the on-demand economy: Curtains on nine-to-five services

Small business banking in the on-demand economy: Curtains on nine-to-five services

In today’s always-on, always connected world, the swift and immediate provisioning of goods and services is no longer a nice-to-have, but an absolute necessity. Small business owners, just like consumers, are becoming far more empowered, connected and informed than ever thanks to the accessibility of information anytime, anywhere. The result? They enjoy almost infinite variety […]

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New export loan opening up international markets for Aussie businesses: Frankland Islands Cruises and Intersective

New export loan opening up international markets for Aussie businesses: Frankland Islands Cruises and Intersective

Australian small businesses Frankland Islands Cruises and Intersective are among the first to benefit from Efic’s new Small Business Export Loan. The latest finance offering from Australia’s export finance agency, is designed to meet the needs of small businesses seeking export finance, with a focus on convenience and speed throughout the online application and approval […]

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