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CreditorWatch Blog

Risk Management

How to manage credit risk in the construction industry

How to manage credit risk in the construction industry

Reading Time: 4 minutes Construction is Australia’s third largest industry, accounting for nine per cent of our total GDP. With $360 billion in revenue generated annually, investors rightly view building and construction as a source of highly lucrative opportunities. The pandemic led to a boom in the construction industry, but it also saw many individual businesses struggling to maintain […]

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CreditorWatch now collecting ATO tax debt default data

CreditorWatch now collecting ATO tax debt default data

Reading Time: 2 minutes Would you like to know if your customers have a large debt with the ATO? CreditorWatch is currently the only credit bureau in Australia reporting on this information. The ATO is Australia’s largest creditor responsible for the largest number of company windups in 2019. Historically, businesses would take on debtors with undisclosed tax debts and […]

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Reinvent the ways you collect debt. A faster, simpler and cleaner experience.

Reinvent the ways you collect debt. A faster, simpler and cleaner experience.

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 […]

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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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CASE STUDY: Probuild collapse – avoiding failures like this is possible

CASE STUDY: Probuild collapse – avoiding failures like this is possible

Reading Time: 5 minutes The Foreign Investment Review Board (FIRB) has been criticised in several quarters for helping to trigger last month’s collapse of Probuild through its refusal to approve a $300 million takeover of the company by state-owned China State Construction Engineering Corp on national security grounds. But would this takeover have actually saved Probuild? Not likely, according […]

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What can subcontractors do if a builder enters voluntary administration?

What can subcontractors do if a builder enters voluntary administration?

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 […]

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An Introduction to Financial Risk Assessments

An Introduction to Financial Risk Assessments

Reading Time: 3 minutes A Financial Risk Assessment provides a comprehensive look into the financial viability of your customers, suppliers and contractors. By assessing the reputation and financial stability of entities you work with, you can choose the right trading partners and safeguard business growth. Use Financial Risk Assessment reports to confidently make credit and procurement decisions and mitigate risks upfront. Through using financial risk management you can find out if your trading partners can […]

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How credit scores help businesses manage the impacts of Omicron

How credit scores help businesses manage the impacts of Omicron

Reading Time: 2 minutes CreditorWatch RiskScore helps businesses manage the impacts of the pandemic  The flow-on impacts from the spread of the Omicron variant have brought many small businesses to their knees. Supply chain disruptions, skills shortages and rising costs hit SMEs when they were just beginning to recover from the initial outbreak of COVID-19. At a time when it’s never been more critical for businesses to have […]

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Seven reasons why small businesses should use accounting software

Seven reasons why small businesses should use accounting software

Reading Time: 4 minutes How is your business managing its finances? If you’re still using folders and spreadsheets, it’s time to revamp your approach. An accounting software package streamlines all your accounting processes, making it easier to stay on top of your finances. It provides a central platform for financial management; helping you track your cash flow and see your financial position in real-time. By improving the speed […]

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