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CreditorWatch Blog

Small Business

The Plimsoll Line: Are you or your customers going under?

The Plimsoll Line: Are you or your customers going under?

Here’s a Fun Fact Who would have thought that a line marked around the hull of merchant ships could be such a lifesaver? In the late 19th century, Samuel Plimsoll, a merchant and shipping reformer, became increasingly concerned about the loss of life caused by the overloading of ships. He devised the Plimsoll line, a […]

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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 Late Payment Solutions Part 1: Everyone needs to play their part

Small Business Late Payment Solutions Part 1: Everyone needs to play their part

Recently, Creditorwatch caught up with Noel Tiufino (Managing Partner) 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. Late […]

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Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 in comparison to FY2018

Performing due diligence is more important than ever Court actions increased in FY2019 across all states, with the exception of WA, by 18% volume and 13% dollar amount. Victoria took the lead with the highest amount of court actions, followed by New South Wales. Victoria had the highest dollar amounts in July 2017 and April […]

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More Resources to Support Small Business Growth Have Been Launched

More Resources to Support Small Business Growth Have Been Launched

This industry-first Business Funding Guide aims to help Australian small businesses tackle the funding crisis The guide is primarily aimed at SME trusted advisors like accounts receivables and financial modelling professionals to help small business owners find the right funding and increase their likelihood of having funding approved. The guide was developed by the Australian […]

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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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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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Small Business Risk Review Q1 2019: A Call for Due Diligence

Small Business Risk Review Q1 2019: A Call for Due Diligence

What are the biggest business trends of Q1 2019? The Small Business Risk Review Q1 2019, found that court actions across Australia have increased significantly in the 1st quarter of 2019 in comparison to Quarter 1, 2018.  It’s no surprise to see worrisome numbers in the first quarter. This is particularly due to the consequences […]

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Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

PPSR Logic makes it easier for customers to register their security interests The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR […]

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