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CreditorWatch Blog: Page 2

Five reasons to integrate your accounting package with CreditorWatch

Five reasons to integrate your accounting package with CreditorWatch

Reading Time: 5 minutes Are you making the most out of your CreditorWatch subscription? By now, you already know how CreditorWatch strengthens your credit risk management processes. Here’s a tip to improve this further – integrate your Xero or MYOB accounting package with CreditorWatch. This integration enhances automation to increase speed and accuracy, empowering businesses to take a more […]

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Debt collection challenges faced by the construction industry

Debt collection challenges faced by the construction industry

Reading Time: 3 minutes Struggling to get paid as a construction worker? You’re not alone – thousands of people within the industry are experiencing the same thing. Why debt collection is hard to manage in the construction industry It’s a tale as old as time for those working in construction. With the proportion of payment arrears of 60 days […]

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‘Perfect economic storm’ means the end is nigh for struggling Aussie businesses

‘Perfect economic storm’ means the end is nigh for struggling Aussie businesses

Reading Time: 6 minutes CreditorWatch has released its Industry Synopsis for June. Industry data, coupled with stats from its Business Risk Index (BRI)*, point to an increased probability of default for a number of industries, as the threat of rising interest rates finally eventuates. Australia is currently experiencing a ‘perfect economic storm’ of increasing cost of debt, labour and […]

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Wage Price Index and Westpac Consumer Sentiment

Wage Price Index and Westpac Consumer Sentiment

Reading Time: 2 minutes CreditorWatch Chief Economist Anneke Thompson says: “The Fair Work Commission (FWC) today announced a wage increase of 5.2 per cent for minimum wage earners. While this is the highest wage increase announced by the FWC in many years, it comes as the Reserve Bank of Australia (RBA) Governor Philip Lowe indicated inflation is likely to […]

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EOFY Survival Guide 2022

EOFY Survival Guide 2022

Reading Time: < 1 minute It’s EOFY 2022 and economic uncertainties are looming around every corner. Australia is experiencing inflation, rising interest rates, rising default rates, labour shortages, negative real wage growth and high fuel prices. The business landscape is characterised by increasing risks. Company insolvencies will continue to rise in 2022 and the road to recovery will be an […]

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Meet the Crew: Gabriel Asatryan – Data Analyst

Meet the Crew: Gabriel Asatryan – Data Analyst

Reading Time: < 1 minute Gabriel Asatryan is CreditorWatch’s new data analyst who has joined the Business Intelligence team. What do you do at CreditorWatch? I’ll be part of the new Business Intelligence team helping with the quarterly BRI and reports for internal stakeholders. What made you want to join CreditorWatch? The company culture and people working here as well […]

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