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CreditorWatch Blog

Risk Management

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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How to cleanse your data to reduce credit risk this holiday season

How to cleanse your data to reduce credit risk this holiday season

Reading Time: 2 minutes As Australia comes out of COVID pandemic and lockdown restrictions are reduced, uncertainty around trading activity remains. During the holiday period it is vital to stay on top of your customer data. Companies need data to gain insights for business development and make informed decision-making. CreditorWatch’s portfolio health check and data cleansing play a vital role in detecting data discrepancies within […]

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What are zombie companies and how do you identify them?

What are zombie companies and how do you identify them?

Reading Time: 4 minutes The term ‘zombie company’ has been around since the late ’80s when the Japanese economy collapsed, and banks propped up many large corporations that would have otherwise failed. It has come to refer to any business that is so debt laden that it is only able to pay the interest on its loans, not the […]

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Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Reading Time: 2 minutes Food wholesalers across Australia are confronting international supply chain disruptions and price rises just as business picks up following the extended lockdowns in Melbourne and Sydney that obliterated profits over the past 18 months. The sector was heavily impacted by the forced shutdowns in the hospitality industry due to the pandemic. But now that lockdowns are over, the industry’s woes are being exacerbated by significant COVID-related supply chain disruptions arising […]

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Navigating The Great Supply Chain Disruption – Risks for Australian business leaders

Navigating The Great Supply Chain Disruption – Risks for Australian business leaders

Reading Time: 5 minutes What risks do Australian business leaders face as east coast lockdowns ease? Sam MacPherson, Head of Treasury at Earlytrade, uses proprietary data from Australia’s largest working capital marketplace to support finance and procurement professionals preparing for the economy’s reopening. Events that have caused global supply chains to be pushed to the brink have been well […]

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Tips and Tricks for streamlining the business credit application process

Tips and Tricks for streamlining the business credit application process

Reading Time: 3 minutes By Luke Matthews, Senior Business Development Manager – Queensland, CreditorWatch Credit applications are a critical part of onboarding new customers. Put simply, a credit application is an essential contract that allows you to do business with a new customer. However, the manual and paper-based approach to client onboarding that many businesses currently use is time-consuming and open to human […]

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Gain confidence to resume trading as restrictions ease across Australia

Gain confidence to resume trading as restrictions ease across Australia

Reading Time: 2 minutes New challenges as businesses resume trading Restrictions are easing across states and businesses are reopening across Australia. As trading resumes under new and evolving conditions, most small and large business owners are eager but also hesitant, remaining cautious that things could change very quickly. Re-emerging into the post-lockdown era, businesses need to be aware of new risks. During this […]

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Construction booming but challenges abound for the industry

Construction booming but challenges abound for the industry

Reading Time: 2 minutes The construction industry has experienced particularly dire conditions since the pandemic took hold in Australia in May 2020 that now continue even as the economy clicks into recovery mode. As NSW and Victoria begin to re-open after months of lockdown, the industry is experiencing a surge in demand for materials but that has coincided with […]

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Your business might be COVID-safe, but is it credit safe?

Your business might be COVID-safe, but is it credit safe?

Reading Time: 2 minutes As vaccination numbers grow and lockdown restrictions are gradually reduced, businesses are emerging from hibernation to a society that is eager to return to a ‘new normal’. Just as our communities are vigilant about the continuing threat of the pandemic and are obtaining their COVID vaccine passports, it is prudent for businesses to remain watchful […]

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Seven warning signs in a credit report you might not know about

Seven warning signs in a credit report you might not know about

Reading Time: 3 minutes CreditorWatch’s credit reports contain unique data and insights to help business of all sizes better manager their credit risk and credit score. To help you leverage all the information in our reports, here are seven warning signs you might not know about.   Cross directorships A cross directorship occurs when an individual is found to be the director of multiple companies. When […]

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