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 […]
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 […]
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 […]
Reading Time: 2 minutes Do you really know & understand the financial health of your best customers? Many small business owners are not aware that their biggest exposure to credit default may lie with their top five customers. It often comes up in conversation with business owners. The confidence, good relations and trust that is built up over time […]
Reading Time: 2 minutes The combination of lockdowns and lack of stimulus from the government is leaving businesses cautious and recoiling from activity, which will have a devastating impact on the Australian economy. CreditorWatch’s B2B transactional data for July reveals a dramatic decrease in trade activity with trade receivables down a massive 30% compared to July 2020. The reduction […]
Reading Time: 2 minutes It seems SMEs have been slow to get onboard the online boom, with only a little over a quarter of SME revenue coming from e-business, according to new research by Banjo. SMEs are also becoming increasingly frustrated by long waiting times on loan applications, with female SME owners in particular turning away from putting up […]
Reading Time: 4 minutes We've teamed up with PPSR experts, the Australian Financial Security Authority (AFSA) and Ledlin Lawyers, to refresh your knowledge on how to protect your business and security interests.
Reading Time: 5 minutes CreditorWatch customers part of a collection team can take advantage of a free workshop from eMatrix and government-subsidised training to boost their skillset. Learn more in this article.
Reading Time: 3 minutes Quick and skilled at camouflage, supplier hoppers have been plaguing Australian businesses before COVID-19, but their ill effects are more widespread than ever. Hilbert Klaster discusses how to detect supplier hopping behaviour.
Reading Time: 3 minutes Now more than ever, business risk reaps reward. Our National Sales manager Danny O'Neill discusses how B2B sales strategy has shifted since the pandemic and what businesses should be doing to boost cash flow.