News
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: 6 minutes CreditorWatch has released its Industry Synopsis for June. Industry data, coupled with stats from its Business Risk Index (BRI)*, point to an increased probability of default for a number of industries, as the threat of rising interest rates finally eventuates. Australia is currently experiencing a ‘perfect economic storm’ of increasing cost of debt, labour and […]
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: 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: 5 minutes Writing in the latest edition of AICM (Australian Institute of Credit Management) magazine, Credit Management in Australia, CreditorWatch Chief Economist Anneke Thompson discusses the risks of rising inflation to the Australian small business community, particularly sectors that are exposed to discretionary spending such as food and beverage services. Reflecting their rising risk profiles due to […]
Reading Time: 2 minutes CreditorWatch is extremely proud to announce that it has made the 2022 AFR BOSS Best Places to Work list in seventh place in the Banking, Superannuation and Financial Services category. CreditorWatch’s General Manager of People and Culture, Fiona Crawford, says “the award is testament to how CreditorWatch punches above its weight and is wonderful recognition […]
Reading Time: 3 minutes What is DebtorLogic? DebtorLogic helps you stay ahead of bad debt by revealing how your customers pay you in comparison to the rest of the market. It helps businesses to get paid faster and improves cash flow by taking a proactive approach to debtor management. This tool provides a data-driven analysis of your aged trial balance […]
Reading Time: 4 minutes Construction giant, Probuild, recently entered voluntary administration, leaving more than 750 jobs at risk and around 2,300 creditors chasing payment. This has created a massive shockwave throughout the building and construction industry, which has been under significant pressure over the past two years due to COVID-related supply chain disruptions, cost blowouts and labour shortages. Probuild’s […]
Reading Time: 4 minutes SYDNEY, Monday 28 February – Following the news that Australian construction industry giant Probuild has fallen into voluntary administration, leading credit reporting agency CreditorWatch assess the warning signs that existed in advance of the collapse and how they could have been avoided. “This news comes as a devastating hit to the Australian construction industry,” says […]
Reading Time: 4 minutes Right now, there’s a lot going on for the business community to deal with. The pandemic and climate change have impacted us all in different ways with multiple flow-on effects. Some have endured far tougher times than others but one thing we all have in common is that we’ve had to quickly adapt to these unfolding global events. In Australia, […]