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 […]
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 […]
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 […]
Reading Time: 2 minutes Welcome to Sean who has joined our development team as a front end developer. ‘ 1.What do you do at CreditorWatch? I’m a front-end developer responsible for software UI dev at CreditWatch. 2. What made you want to join CreditorWatch? Well, countless facts! The diverse culture, supportive team, amazing product and one of the most […]
Reading Time: 3 minutes When it comes to any business-to-business relationship, maintaining a mutually respectful and reliable partnership is one of the top priorities. But what happens when your customer ends up being unable to deliver on their promises? Chances are these customers mean bad news – and bad debt! What is bad debt? Bad debt happens when your […]
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 […]
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 […]
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 […]
Reading Time: 3 minutes Trading with a company that is bankrupt or has been involved in bankruptcy is risky business. Ensuring you have all the information possible to safeguard your own financial health is vital. In this article, we will cover what bankruptcy is, how doing business with someone who is bankrupt can affect you, and share some tips […]
Reading Time: 4 minutes Running a business takes copious amounts of time and the last thing you want to be doing is chasing up debtors. Even with a proper credit check and credit score, debtors can sometimes slip through the cracks. From 2016-2017 undisputed debts to the Australian Taxation Office increased by 77.6%. Even if you have a clear […]