Risk Management
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: 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 […]
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 […]
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: 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 […]
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 […]
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: 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 […]
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 […]
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 […]