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CreditorWatch Blog: Page 2

A Positive Third Quarter for Australian Small Businesses

A Positive Third Quarter for Australian Small Businesses

CreditorWatch’s Small Business Risk Review for Quarter 3, 2018, shows an improvement in conditions for the majority of Australia in comparison to Quarter 3, 2017. Download our infographic Court actions and dollar amounts have decreased from last year’s third quarter for all states except Victoria. Western Australia has seen its court actions and judgements decrease […]

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Five tips to prevent late payments – instead of chasing them!

Five tips to prevent late payments – instead of chasing them!

Late payments are a constant source of stress and strain for Australian small businesses. Research from Intuit reveals that small businesses are left an average of $13,200 in the red by late paying customers. This can have a serious effect on cash flow. Not only that, but small business owners end up spending an average […]

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PPSR 7-Year Anniversary: Are you ready?

PPSR 7-Year Anniversary: Are you ready?

A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]

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CreditorWatch Launches New Feature to Simplify Registering Defaults

CreditorWatch Launches New Feature to Simplify Registering Defaults

Detect overdue payments that clients can register against with a single click. Rather than spending valuable time searching your database to determine who is behind on payments, CreditorWatch makes this process easy and does the work for you. CreditorWatch clients are shown a list of potential defaults and all they need to do is simply […]

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PMSI’s and trust companies, to ABN or to ACN?

PMSI’s and trust companies, to ABN or to ACN?

Answering one of the most common questions about PPSR The introduction of the Personal Property Securities Register (PPSR) was meant to make life easier for secured creditors, credit managers, trading creditors and other stakeholders. But as many in the industry can attest too, this is rarely the case. At the recent presentations I gave at […]

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Stay ahead of costly phoenix activity

Stay ahead of costly phoenix activity

Prevent being affected by phoenix activity The federal government has recently introduced a “new” hotline for anyone to report businesses that they believe are undertaking phoenix activity. This comes as a 2018 report from PricewaterhouseCoopers, funded by the government, revealed that the estimated annual cost of phoenix activity was now $5.13 billion dollars. In 2012, […]

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Avoid risk: Consider underlying trends challenging small business

Avoid risk: Consider underlying trends challenging small business

The second Small Business Risk Review for 2018 highlights relatively stable conditions in comparison to the previous financial year. However, there is still an underlying trend where businesses are facing challenges. It is no surprise that we continue to see big jumps in dollar amounts and court actions in Queensland due to the end of […]

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PPSR Series Part 1: The Lowdown on PPSR

PPSR Series Part 1: The Lowdown on PPSR

What is PPSR? CreditorWatch has recently launched its latest product – the ability to create and manage PPSR registrations. Did you know that PPSR is a vital component of doing business in Australia? The PPSR (Personal Property Securities Register) came into existence in 2012 as a result of the PPSA (Personal Property Securities Act 2009). […]

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