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CreditorWatch Blog

How to manage credit risk in the construction industry

How to manage credit risk in the construction industry

Reading Time: 4 minutes Construction is Australia’s third largest industry, accounting for nine per cent of our total GDP. With $360 billion in revenue generated annually, investors rightly view building and construction as a source of highly lucrative opportunities. The pandemic led to a boom in the construction industry, but it also saw many individual businesses struggling to maintain […]

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How automation has enhanced credit risk management

How automation has enhanced credit risk management

Reading Time: 3 minutes Taking advantage of automation and digitalisation To keep up with rapid innovation and emerging disruption, customers and investors alike are now expecting digitalisation of all key aspects of business operations. With increasing demand for analytical and technical capabilities, credit teams need to embrace digital transformation of credit decisioning to remain competitive, save time and money […]

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Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Reading Time: 2 minutes Food wholesalers across Australia are confronting international supply chain disruptions and price rises just as business picks up following the extended lockdowns in Melbourne and Sydney that obliterated profits over the past 18 months. The sector was heavily impacted by the forced shutdowns in the hospitality industry due to the pandemic. But now that lockdowns are over, the industry’s woes are being exacerbated by significant COVID-related supply chain disruptions arising […]

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Your business might be COVID-safe, but is it credit safe?

Your business might be COVID-safe, but is it credit safe?

Reading Time: 2 minutes As vaccination numbers grow and lockdown restrictions are gradually reduced, businesses are emerging from hibernation to a society that is eager to return to a ‘new normal’. Just as our communities are vigilant about the continuing threat of the pandemic and are obtaining their COVID vaccine passports, it is prudent for businesses to remain watchful […]

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