-->

CreditorWatch Blog

Managing your money through managing your debtors

Uncategorised

New start-up fund affords investors tax breaks

New start-up fund affords investors tax breaks

With the launch of its second co-investment fund, this month, Sydney Angels is seeking to raise between $10 and 20 million to invest in high-growth potential early-stage ventures. Sidecar Fund 2 follows the first Sidecar Fund, which Sydney Angels launched in 2012. Sidecar Fund 1 attracted $10 million in capital from outside investors, to invest […]

Read More

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

New research suggests transactions between small businesses in Australia are worth $204 billion per year.  Commissioned by American Express in support of Shop Small Month, which ends 30 November, The Economy of Shopping Small: Custom Counts report reveals small businesses in Australia source goods and services from 4.4 other small suppliers each month, with an average monthly spend of $8,600 or […]

Read More

Keeping end of year expenses under control

Keeping end of year expenses under control

During the ‘silly season’ it can be easy for expenses to get out of control. Employees are starting to relax and may feel comfortable claiming team lunches or other entertainment expenses back from the business. At the same time, Christmas is a time for giving; many organisations buy gifts at the end of the year […]

Read More

SMEs not buying recession talk: MYOB survey

SMEs not buying recession talk: MYOB survey

Talk of a looming recession is being shrugged off by SME operators, according to the latest Business Monitor from accounting software provider MYOB.  The bi-annual survey of more than 1000 SME operators found that 26% expect the economy to improve over the next year, while a further 33% expect it to remain the same. The […]

Read More

‘Tried and true’ cash flow methods costing businesses $6.12b in growth opportunities

‘Tried and true’ cash flow methods costing businesses $6.12b in growth opportunities

Australia’s mid-size businesses are missing out on $6.12 billion in growth opportunities annually due insufficient or variable cash flow, according to new research from American Express.   The company’s new report, Behind the balance sheet: unlocking hidden value in credit, involved a survey of 355 Chief Financial Officers from companies with annual revenue values between $2 million and […]

Read More

One in four SME owners are juggling businesses

One in four SME owners are juggling businesses

Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.”  Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]

Read More

Meet the start-up juggling Queenslander bringing a $19b industry out of the 1960s

Meet the start-up juggling Queenslander bringing a $19b industry out of the 1960s

If he wasn’t already busy enough heading up three manufacturing start-ups, Queensland’s Dave Biggars has set his sights on leading the $19 billion-dollar caravan industry out of the bygone era of timber into the era of smart design. Last year, the 32-year-old entrepreneur founded Zone RV, a manufacturer of built-to-order off-road and luxury touring caravans. […]

Read More

CreditorWatch on the rise and on the move

CreditorWatch on the rise and on the move

CreditorWatch is excited to announce the relocation of its Sydney headquarters! After spending close to three years in our current office, we decided it was time to move.  There were three main factors that influenced the move: company culture, space and team collaboration. In less than 18 months CreditorWatch has grown from a team of […]

Read More

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

New research suggests transactions between small businesses in Australia are worth $204 billion per year.  Commissioned by American Express in support of Shop Small Month, which ends 30 November, The Economy of Shopping Small: Custom Counts report reveals small businesses in Australia source goods and services from 4.4 other small suppliers each month, with an average monthly spend of $8,600 or […]

Read More

HR start-up Employment Hero lands third Series A investor and sees funding balloon to $4.5m

HR start-up Employment Hero lands third Series A investor and sees funding balloon to $4.5m

Cloud-based HR automation platform Employment Hero has added AirTree Ventures to team of Series A investors, bringing its total funding to $4.5 million.  The Series A round was already over-subscribed after the freemium Service attracted $3 million from OneVentures and AMP New Ventures in June to finance growth, including an expansion into the UK market. The additional […]

Read More