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CreditorWatch Blog

Small Business Late Payment Solutions Part 2: It’s time to embrace accessible technology

Small Business Late Payment Solutions Part 2: It’s time to embrace accessible technology

Recently, CreditorWatch caught up with Noel Tiufino (Managing Director) and Raj Saini (Partner) from MyAccounts and Angus Capel (Small Business Advocate) from Xero to have a discussion about late payments and what small businesses can do about them. Our chat was so insightful that we are bringing you the results with a two-part series. In […]

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Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

The second quarter of 2019 saw a continued increase in court actions for New South Wales, South Australia and Victoria. Comparing this quarter with Quarter 2, 2018 really highlights the increase in court actions and judgments for those three states. Since December 2018, NSW has seen a steady rise in court actions. However, the largest […]

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Giving Credit Where Credit is Due

Giving Credit Where Credit is Due

How to develop your credit policy: A step by step “little bit different” guide Did you know that the expression “giving credit where credit is due” can be traced back to a letter written by Samuel Adams in 1777 (that’s one of our American cousin’s Founding Fathers, not the iconic Boston beer of the same […]

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Three business habits to embrace in the new financial year

Three business habits to embrace in the new financial year

Prepare for a successful new financial year The new financial year is always a popular time to kickstart positive habits, and for small business owners, this applies just as much to the fiscal year as the calendar. With FY2020 just one week away, now is the opportunity to set clear goals and commit to business […]

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How to choose the right funding option for your small business

How to choose the right funding option for your small business

Maintain your cash flow as a small business owner The right funding option can keep your small business moving and enable you to seize new opportunities to grow. Capital is key, but it’s important to consider the appropriate finance solution for your specific needs as no small business is the same. There are a lot […]

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Newsflash! Automation improves SME cash flow

Newsflash! Automation improves SME cash flow

Automation is easier than it sounds Whether it’s ordering a taxi or a meal using Uber, watching your favourite movie through Netflix or simply seeing how you exercise alongside your mates with Strava, digitisation is having a substantial impact on our lives for the better. I cannot think of a single SME that would not […]

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3 Steps to Minimise Business Worries This Holiday Season

3 Steps to Minimise Business Worries This Holiday Season

The holiday season can be a stressful time for small business owners. While many Aussies around the country are happily switching on their ‘out of office’ and heading straight to the beach, this time of year is a little different for those who run their own business. According to new research commissioned by Prospa, almost […]

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7 Ways to Unlock Cash Flow with Better Inventory Management

7 Ways to Unlock Cash Flow with Better Inventory Management

After 12 years working in lending, I’ve had many experiences of a customer needing to urgently increase their overdraft. The cause was nearly always a purchase that left the company unable to make payroll. In serious cases, we had to restructure their loans because they lost control of their stock, leading to penalty interest and higher […]

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