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CreditorWatch Blog

Managing your money through managing your debtors

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Tips and tools for streamlining your accounts

Tips and tools for streamlining your accounts

It’s has become much easier for business leaders to streamline their accounts and financial processes. Here are some tips and tools to get you started. With many companies struggling under the weight of inefficient processes and tightening budgets, automating the myriad of manual admin tasks that categorise accounts payable could save your company time and money. In Australia, […]

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Put accounts receivable systems in place

Put accounts receivable systems in place

After spending years getting yourself up and running, working on sales and the front end, it’s likely that the back end— accounting practices and accounts receivable —have been somewhat forgotten. With more and more companies defaulting on payments, going into administration and getting wound up by the ATO, now more than ever is the time to […]

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17 Essential Tips for Australian Entrepreneurs

17 Essential Tips for Australian Entrepreneurs

  Malcolm Turnbull’s recent announcement putting economic growth and development at the top of the national agenda is welcome news to me. As managing director of an Adelaide startup, I know first hand how much hard work and financial risk it takes to start a successful business. Australian entrepreneurs should grab this opportunity to test […]

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Debunking common misconceptions about bankruptcy

Debunking common misconceptions about bankruptcy

Personal insolvency is a growing market with more and more people declaring bankruptcy or entering into other personal insolvency arrangements to address credit issues arising out of consumer credit, business related debt or over leveraging problems, amongst other things. In this post, we seek to address some common misconceptions about bankruptcy, in order to empower […]

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Risks of legal non-compliance

Risks of legal non-compliance

Undertaking an annual legal health check of your company is one of the best decisions you will make for it’s reputation, growth and for your sanity. Compliance and risk management don’t sound very sexy but they are crucial to having a sound business and are drivers to achieving business excellence – we call it Future-Proofing. […]

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Pitching for funding: hitting the right note

Pitching for funding: hitting the right note

The startup world is alive and bustling with entrepreneurs, investors, accelerators and a growing network of support industries. The Startup Economy study undertaken by PwC and commissioned by Google highlights that with the right support and growth, this could contribute over $100 billion to GDP and create over half a million new jobs by 2033. One of […]

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A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a new business […]

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