Reading Time: 3 minutes Extending credit always comes with risk. Nowhere is this truer than in the logistics industry, where the process is complicated due to the many moving parts and different stakeholders that make up a supply chain. You can’t always avoid payment defaults, but with the right tools and strategies, you can minimise risk and speed up […]
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: 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 […]
Reading Time: 6 minutes Sole traders make up more than 60 per cent of Australian businesses. It is the simplest and cheapest business structure, with low start-up costs, no registration or annual fees and fewer reporting requirements. An individual owns the business and has full control over all its assets and decisions. If you’re a sole trader, securing cash […]