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CreditorWatch Blog

Managing your money through managing your debtors

How to Be a Debt Collector Without Straining Relationships

How to Be a Debt Collector Without Straining Relationships

Within the SME tangled web of suppliers and customers, there is a chance that some of the debtors will be family, friends or people who you have been working with for years. Most relationships are built on trust and therefore, businesses might be inclined to allow a debtor extra time to pay up if needed. […]

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Despite Seasonal Trends, Small Businesses Have Generally Improved

Despite Seasonal Trends, Small Businesses Have Generally Improved

CREDITORWATCH | 2 MIN READ The first Small Business Risk Review for 2018 presents positive outcomes to the start of the year with a large decline in unincorporated entities and court actions across some states. Despite this, it is not all rosy as payment defaults have increased.   Notable Findings In comparison to Q1 2017, New […]

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5 Benefits of Our Newest Product: Bankruptcy Plus

5 Benefits of Our Newest Product: Bankruptcy Plus

CREDITORWATCH | 3 MIN READ CreditorWatch has recently introduced a new product, Bankruptcy Plus, in light of customer feedback. Just how valuable is this new tool and is it worth adding on to your subscription?    Over two years in the making, Colin Porter, founder of CreditorWatch, has been lobbying Australian Financial Securities Authority (AFSA) to […]

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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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Data dungeon: the small business case for making ANZSIC code information available

Data dungeon: the small business case for making ANZSIC code information available

Dynamic Business interview with Colin Porter, CreditorWatch. The Federal Government’s Public Data Policy Statement, released last December, flagged its commitment to make non-sensitive government data ‘open by default’, with the aim being to stimulate innovation and drive productivity improvements across all sectors of the economy. Nearly a year on, a slice of data with huge potential benefits […]

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Customer service vs. chasing payments: Getting the balance right

Customer service vs. chasing payments: Getting the balance right

Customer service vs. chasing payments – it can be tough to get the balance right between keeping a customer happy and getting your bills paid on time. There are few things tougher for an SME than trying to collect overdue invoices from clients while also keeping them on-side. To ensure this process is made as […]

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Personal Property Security: It’s In The Ts & Cs

Personal Property Security: It’s In The Ts & Cs

The Personal Property Securities Act 2009 (PPSA) was quite the landmark move for Australian business, providing a single national law that replaced separate Commonwealth, State and Territory laws, leading to the establishment of the Personal Properties Securities Register (PPSR). Australian businesses suddenly had one place they could register personal property as a way to secure […]

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How to Find a Missing Debtor

How to Find a Missing Debtor

Getting a debtor to pay a delinquent account can be tricky, especially if they’ve left town with no forwarding address. There’s no need to write off the debts of a missing debtor. Often you can track them down as long as you know where to look. What is skip tracing? If you’re not familiar with […]

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