A piece of legislation came into being on the 1st of January this year that will have major ramifications for small businesses in Australia. The Payment Times Reporting Bill 2020 established the Payment Times Reporting Scheme, which requires businesses with an income of more than $100 million to report on their payment terms and practices […]
As COVID cases grow by the day, nationwide restrictions are increasing, with lockdowns being extended indefinitely. The latest lockdowns are having a debilitating impact on businesses, especially in Greater Sydney. As more states and regions enter lockdown with little to no warning, more businesses are experiencing uncertain trading conditions and cashflow problems. Businesses need to protect themselves as […]
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 […]
Aussie businesses call for tax cuts as new data reveals uncertain market conditions biggest worry for SMEs SYDNEY, 20 August 2021 — CreditorWatch, Australia’s leading digital credit reporting bureau, has released brand new customer sentiment data on the biggest challenges that Australian businesses faced last financial year, and how they’re feeling as we enter the current financial […]
Meet Emma Berry, Business Developer Manager, NSW What do you do at CreditorWatch and why do you love it? I am a Business Development Manager, I love my role because I am always building new relationships with our wonderful suite of products. I really enjoy the team culture and feel very supported and valued, especially during […]
Meet Brendan Sherry, Senior Consultant , VIC What do you do at CreditorWatch and why do you love it? I’m a senior consultant at CreditorWatch. I have been with the company new for 4 years assisting larger corporate customers onboard new customers or suppliers safely through our reporting options. I enjoy my job as I see […]
Trade payments data healthy… but for how long? The stats that matter – Comparing July’s Business Risk Review 2021 to June 2021 Payment defaults down 20% Credit enquiries up 12.5% Court actions were down 20% month on month. *not seasonally adjusted* External administrations down almost 23% The July 2021 CreditorWatch Business Risk Review is a […]
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 […]
CreditorWatch and trade credit insurance both protect businesses from the damaging impacts of bad debt. But what are their respective roles and how exactly do they work together? This article answers commonly asked questions and explains how CreditorWatch provides businesses with tools and data to strengthen their insurance decisions. How do CreditorWatch and trade credit […]
Download EOFY Playbook This is the second year CreditorWatch has published its Economic Insights: the Road Ahead report, which is an opportunity to reflect on the financial year that was and form a view on Australia‘s economic future and the factors that are likely to drive it. The report includes CreditorWatch CEO Patrick Coghlan’s view […]