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 […]
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 […]
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 […]
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.
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.
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.
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.
Your accounts receivables might be an afterthought, but implementing an effective process is the best way to protect your business from risky debtors and create strong working relationships with your customers. Learn how with these four tips.
Brad Bulow, Partner at Sammut Bulow Bennett Partners, speaks to CreditorWatch QLD Manager George Wolf about how an accountant can offer value to small businesses.
Phil Druce, COO of Lend Capital, discusses the different types of finance options available to small businesses in the final part of his blog series.