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CreditorWatch Blog

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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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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The catastrophic combination that is strangling Australian businesses

The catastrophic combination that is strangling Australian businesses

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 […]

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SMEs set to lift their online game; women leading the demand for unsecured business loans

SMEs set to lift their online game; women leading the demand for unsecured business loans

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 […]

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