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CreditorWatch Blog

Debt collection challenges faced by the construction industry

Debt collection challenges faced by the construction industry

Reading Time: 3 minutes Struggling to get paid as a construction worker? You’re not alone – thousands of people within the industry are experiencing the same thing. Why debt collection is hard to manage in the construction industry It’s a tale as old as time for those working in construction. With the proportion of payment arrears of 60 days […]

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Using the Personal Property Securities Register (PPSR) to protect your small business

Using the Personal Property Securities Register (PPSR) to protect your small business

Reading Time: 3 minutes In Australia, small businesses account for almost 98 per cent of all businesses, contribute to 35 per cent of our GDP, and employ 44 per cent of our workforce. However, more than 60 per cent of small businesses fail within the first three years. But how does an operator of an SME (small and medium […]

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The 3 Ps of preparation for small businesses: Part 1 – Processes

The 3 Ps of preparation for small businesses: Part 1 – Processes

Reading Time: 8 minutes In this challenging economic climate, it is more crucial than ever that businesses are well prepared for whatever impacts come their way. Our latest episode of Business Insights is the first in a three-part series on how SMEs can best prepare themselves for uncertainty using the 3 Ps of preparation: processes, policies and procedures, and […]

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How lenders can enhance their credit decisioning with CreditorWatch data

How lenders can enhance their credit decisioning with CreditorWatch data

Reading Time: 5 minutes As we emerge from the pandemic, many businesses are struggling with cash flow and seeking credit to get going again. Those who are unable to meet the strict lending criteria of major lenders such as banks are increasingly turning to second tier lenders. Although many potential borrowers are in a vastly different shape to what […]

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Why searching the PPSR is important for business

Why searching the PPSR is important for business

Reading Time: 2 minutes The Personal Property Securities Register (PPSR) is an official government register of interests in personal property (items such as motor vehicles, goods sold on credit terms and other financial property). It’s an online register that is public record, showing all secured creditors to a business and individuals. Importantly, it is not a register of ownership; […]

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Podcast: How to secure your assets on the Personal Property Securities Register (PPSR)

Podcast: How to secure your assets on the Personal Property Securities Register (PPSR)

Reading Time: 7 minutes The Personal Property Securities Register (PPSR) is an essential facility for all businesses leasing or selling goods or services on credit. But it is also widely misunderstood by small business owners. In this episode of Business Insights, Paul Mead, PPSR Sales Specialist (NSW) and Jason Sutherlin, PPSR Sales Specialist (Victoria) discuss the essential elements to […]

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Podcast: The Grasshopper effect: What is supplier hopping and how can you avoid it?

Podcast: The Grasshopper effect: What is supplier hopping and how can you avoid it?

Reading Time: 8 minutes In the latest episode of Business Insights we speak to CreditorWatch’s Victorian Sales Manager Hilbert Klaster about the practice of supplier hopping – the practice of moving from one supplier to another, leaving a trail of unpaid debts – why it is on the rise and how businesses can avoid being caught up in it. […]

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Preparing your business for the challenges of Omicron

Preparing your business for the challenges of Omicron

Reading Time: 3 minutes As the Omicron variant sweeps across Australia, the initial relief that came with opening up after the lockdowns has quickly dissipated. With supply chain disruptions and labour shortages severely restricting capacities, many businesses are in a worse position now than they were during the lockdowns. So, how can small businesses navigate the impact of Omicron, […]

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Big machines, big challenges: wrangling the risks of the mining, agriculture, and construction industries

Big machines, big challenges: wrangling the risks of the mining, agriculture, and construction industries

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, […]

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Protect your security interests with PPSRLogic

Protect your security interests with PPSRLogic

Reading Time: 2 minutes In this uncertain economic climate in Australia, CreditorWatch’s PPSRLogic tool is helping businesses protect themselves from customers who might be unexpectedly wound up and also from unfair preference claims. It is more important than ever to protect your security interests on the Personal Property Security Register (PPSR) and ensure your registrations are correct. Unfortunately, many businesses that have registered on the PPSR are not actually protected due to […]

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