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CreditorWatch Blog

Managing your money through managing your debtors

Call for government to consider UK regs to help ensure big businesses pay SMEs on time

Call for government to consider UK regs to help ensure big businesses pay SMEs on time

The Coalition has been urged to follow the example set by the UK Government and introduce legislation to deter big business from making late payments to SME suppliers. From April 2017, large companies and limited Liability Partnerships (LLPs) in Britain will be required by law to publicly report twice a year on their payment practices […]

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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 […]

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‘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 […]

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A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a new business […]

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Unlocking your business growth with sticky revenue

Unlocking your business growth with sticky revenue

Starting a business is all about communicating the benefits of your service or product to the appropriate audience. Although fairly straight forward in principle, the complexities of executing this vary for every business. To get up and running, most service businesses begin by undertaking project based work. They tender for a job, set a price […]

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The best internal collection practices for your small business

The best internal collection practices for your small business

This article will focus on the best internal collection practices for your small business. This article assumes your business already has a credit policy in place and a collection policy in place. Also keep in mind that this article is focused on commercial as opposed to consumer collection matters although there are similarities between the […]

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Keep your cash flow working while you take a Christmas break

Keep your cash flow working while you take a Christmas break

Setting ambitious growth targets for the new year can ensure you hit the ground running, but the effort could be wasted without the cash flow to fund them. The coming Christmas and New Year break is the perfect time for businesses to assess this year’s results and set priorities and growth targets for 2016. A […]

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