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CreditorWatch Blog

Managing your money through managing your debtors

SME Cashflow Problems Are Bigger than You Think

SME Cashflow Problems Are Bigger than You Think

Recently the general lack of cashflow within SMEs in Australia was investigated by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, ASBFEO. She found that, contrary to what many might believe, the actual reason why small businesses are experiencing cashflow problems is due to slow payers, and those payers just happen to be […]

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A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a new business […]

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Export opportunities await in South Korea for SMEs

Export opportunities await in South Korea for SMEs

South Korea is one of Australia’s closest economic and trading partners, and with its high-income economy, there is a strong market for Australia’s high quality goods and services. For Australian SME exporters thinking about entering the South Korean market, it is important to first identify the opportunities for your business and any potential risks. Opportunities […]

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SMEs prospering with Prospa as more turn to alternative lenders

SMEs prospering with Prospa as more turn to alternative lenders

From and early age, Greg Moshal has always been involved in small business. With his beginnings in a family venture to owning his own, the struggles of obtaining finance to start and grow a business became an all too familiar story. Speaking of his own experience starting and running a business, Greg told CreditorWatch “I tried […]

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Accounting practices ‘warm’ to cloud solutions

Accounting practices ‘warm’ to cloud solutions

A survey involving more than 400 practices across Australia shows that accounting firms are embracing cloud technology for themselves and clients. According to The Cloud Readiness Survey from Digital First, 43 per cent of accounting practices are anticipating a shift to cloud software in the next 12 months. The survey revealed that accounting firms understood how cloud […]

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SME alternative finance market leader undergoes global rebrand and announces new major partnership

SME alternative finance market leader undergoes global rebrand and announces new major partnership

Capify (formally AUSvance), Australia’s most experienced and leading alternative finance provider powered by proprietary technology and analytics, today announced its global rebrand to become the most diverse, worldwide alternative small and medium sized enterprise (SME) finance platform.  Headquartered in New York City, Capify combines five previously separate companies founded by CEO David Goldin, including AmeriMerchant […]

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