-->

CreditorWatch Blog

Managing your money through managing your debtors

Finance

SME Cashflow Problems Are Bigger than You Think

SME Cashflow Problems Are Bigger than You Think

Recently the general lack of cashflow within SMEs in Australia was investigated by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, ASBFEO. She found that, contrary to what many might believe, the actual reason why small businesses are experiencing cashflow problems is due to slow payers, and those payers just happen to be […]

Read More

Call for government to consider UK regs to help ensure big businesses pay SMEs on time

Call for government to consider UK regs to help ensure big businesses pay SMEs on time

The Coalition has been urged to follow the example set by the UK Government and introduce legislation to deter big business from making late payments to SME suppliers. From April 2017, large companies and limited Liability Partnerships (LLPs) in Britain will be required by law to publicly report twice a year on their payment practices […]

Read More

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 […]

Read More

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 […]

Read More

Three rules to find the right customers for your business

Three rules to find the right customers for your business

When you start a business, it isn’t just about what you do well that ensures your path to success, but your customers. Don’t fall into the trap of accepting any client because you’re desperate for business: if you are careful and patient at the beginning, it will pay dividends for your business and your reputation […]

Read More

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 […]

Read More

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 […]

Read More