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CreditorWatch Blog

Don’t fall behind: Improve your credit management through data and technology

Don’t fall behind: Improve your credit management through data and technology

It’s unmistakable that we live in a digital age. So many of our processes are now automated and streamlined through innovative technology. Accounting, marketing, communication, databases and more are all digitalised now. However, many small businesses are still running processes in the old school way. A Small Business Insights Report by XERO found that two-thirds of […]

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Small Business Risk Review: A concerning end to a mostly positive 2018

Small Business Risk Review: A concerning end to a mostly positive 2018

The final quarter of 2018 for small businesses didn’t exactly present the best outcome. Court actions and judgments across Australia (except WA) have increased significantly in the 4th quarter of 2018 in comparison to the previous year.  In addition, the average payment default value and cancelled unincorporated entities have increased. Download the infographic New South […]

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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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CreditorWatch Launches New Feature to Simplify Registering Defaults

CreditorWatch Launches New Feature to Simplify Registering Defaults

CreditorWatch has launched a new and exciting system that detects 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 […]

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Stay ahead of costly phoenix activity

Stay ahead of costly 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, the annual cost was between $1.8 […]

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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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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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