Today’s monthly CPI data showed positive signs that monetary policy is taming the inflation beast. Excluding volatile items (fruit and vegetables and fuel), monthly CPI reduced to 5.1 per cent, down from 5.5 per cent the previous two months.
Nov 29, 2023
A successful strike-off action indicates that the Australian Securities and Investments Commission (ASIC) has taken the necessary steps to deregister a company formally. This implies that the business name has been struck from the Australian Business Registry (ABR) and all associated parties, be they employees or creditors, have been notified of the winding up of the company.
Nov 17, 2023
The October 2023 CreditorWatch Business Risk Index (BRI) has revealed that Australian business activity is now at disturbingly low levels with the average value of invoices at their lowest point since CreditorWatch began recording this metric in January 2015.
Nov 15, 2023
Significant changes to the unfair contracts regime come into law today, with new multi-million penalties for companies and individuals forcing trading partners to sign contracts that are deemed unfair. Are your contracts fair and equitable?
Nov 09, 2023 The September 2023 CreditorWatch Business Risk Index (BRI) has revealed that the contraction of Australian business activity may have eased but it remains at a low ebb, with the average value of B2B invoices down 42% year-on-year and well below pre-COVID levels.
Oct 18, 2023 The August 2023 CreditorWatch Business Risk Index (BRI) has revealed Australian businesses activity is at near-record lows with the average value of B2B invoices now down 36% year-on-year - its lowest point since January 2017.
Sep 13, 2023 The July 2023 CreditorWatch Business Risk Index (BRI) has revealed the average value of business invoices has fallen by almost a third over the past 12 months, with a drop of 28% year-on-year.
Aug 23, 2023
The June 2023 CreditorWatch Business Risk Index (BRI) show business payment defaults surge 52%; On the upside, Western Brisbane the most-improved region in Australia.
Jul 12, 2023
CreditorWatch Chief Economist Anneke Thompson and Head of Content Michael Pollack unpack the CreditorWatch May 2023 Business Risk Index results.
Jun 22, 2023 The May 2023 CreditorWatch Business Risk Index (BRI) show Australian businesses are coming under increasing pressure.
Jun 20, 2023
The ‘unfair contract terms’ laws (as set out in the Australian Consumer Law (ACL) establish out a regime whereby a term in a consumer or small business contract will be void if the term is unfair and the contract is a standard form contract.Australia’s Unfair Contract Terms regime (UCT) has now been significantly expanded in respect of ‘small businesses’. The changes were passed by Parliament on 28 October 2022 and will come into effect on 9 November 2023.
Jun 16, 2023 CreditorWatch Chief Economist, Anneke Thompson, and Director of Open Analytics, James O'Donnell, discuss the latest CreditorWatch data insights on Australian businesses and the outlook for the remainder of 2023. Hosted by Michael Pollack, Head of Content at CreditorWatch.
Jun 01, 2023
In today’s job market, building a strong network and finding a great mentor are critical to achieving your goals. This is especially true now that the job market is more competitive than ever before, with hundreds of qualified candidates vying for the same positions.
May 24, 2023 The April 2023 CreditorWatch Business Risk Index (BRI) has revealed that the average value of invoices (trade receivables) remained elevated in April despite other leading indicators showing that businesses are coming under increased pressure.
May 17, 2023
This month’s data revealed the strongest bounce back in trade receivables data on record. This is an 86% increase on the previous month’s trade receivables data, but still 5.6% below trade receivables recorded in March 2021 and March 2020.
Apr 20, 2023 The March 2023 CreditorWatch Business Risk Index (BRI) has revealed, on multiple indicators, that business activity has returned to pre-COVID levels despite continued high inflation and interest rates.
Apr 18, 2023 The February 2023 CreditorWatch Business Risk Index (BRI) shows that business conditions, particularly around payment times have tightened due to high inflation and interest rates, in combination with falling demand.
Mar 15, 2023 The January 2023 CreditorWatch Business Risk Index (BRI) reveals that business conditions are turning for Australian businesses, with a number of key metrics continuing to decline after a subdued end to 2022 as the RBA continued to tighten the screws on interest rates.
Feb 16, 2023
Whether you’re seeking a long-term business loan or a small loan to start a business, having a less-than-stellar company credit history can feel like a life sentence. However, there are options available to business owners that could be worth considering, to improve the likelihood of approval for a loan or line of credit and improve your business credit score.
Feb 02, 2023
The November 2022 CreditorWatch Business Risk Index (BRI) reveals that the usual trade momentum going into December has failed to materialise and businesses should brace for a more subdued Christmas trading period.
Dec 15, 2022
Enterprises within the hiring and rental business historically operate on a critical foundation of trust. Understandably so, as the value and volume of goods loaned are often significant. The lease holder’s integrity is fundamental to the safe return of goods and the payment for any services rendered.
Oct 24, 2022
Spanning a broad cross section of Australian businesses, from art galleries to theatres, gyms to sport and recreation clubs - the arts and recreation services industry is a fickle beast.
Aug 17, 2022
Looking at the past can help you determine trends of the future – but sometimes the past can come back to bite you. A company’s credit history can make or break its ability to secure credit and conduct business.
Jul 29, 2022
CreditorWatch has been awarded the ISO 27001 and 27017 certifications, for information security management and cloud security controls respectively. These globally recognised accreditations prove that CreditorWatch has achieved the highest standards of information security management.
Jul 01, 2022
For the vast majority of business owners, debt collection is not something you want to spend too much time dealing with. Whether you’re in it, chasing it, or just trying to stay one step ahead of it, you probably feel that the hours grappling with outstanding payments could be better spent working on your business.
Jun 30, 2022
Economy at turning point as positive trends continue; Grim outlook for flood-affected regions In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan…
May 11, 2022
In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and index creator James O'Donnell from Open Analytics discuss the key insights.…
Apr 13, 2022
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Today’s monthly CPI data showed positive signs that monetary policy is taming the inflation beast. Excluding volatile items (fruit and vegetables and fuel), monthly CPI reduced to 5.1 per cent, down from 5.5 per cent the previous two months.
Nov 29, 2023
Retail sales fell an overall 0.2 per cent over the month of October, after recording rises in spending in both preceding months. For discretionary goods categories, this is to be expected, as many consumers will have chosen to hold off on spending for Black Friday sales, which are currently in progress.
Nov 28, 2023
A strong credit profile is one of the cornerstones of a successful business. As with an individual credit score, having an excellent business credit profile will mean the business is more likely to gain approval for financing, such as a line of credit or business loan, or more favourable terms with suppliers.
Nov 24, 2023
A successful strike-off action indicates that the Australian Securities and Investments Commission (ASIC) has taken the necessary steps to deregister a company formally. This implies that the business name has been struck from the Australian Business Registry (ABR) and all associated parties, be they employees or creditors, have been notified of the winding up of the company.
Nov 17, 2023
Despite a solid increase in the number of employed people over the month of October, the unemployment rate still ticked up from 3.6 per cent to 3.7 per cent given the increase in unemployed people.
Nov 16, 2023 The October 2023 CreditorWatch Business Risk Index (BRI) has revealed that Australian business activity is now at disturbingly low levels with the average value of invoices at their lowest point since CreditorWatch began recording this metric in January 2015.
Nov 15, 2023 Both Business Sentiment and Consumer Confidence measures taken by NAB and Westpac respectively showed increasing pessimism among both groups. Business confidence declined, while conditions improved slightly, which suggests that even though businesses might be doing okay for now, there is an expectation that these reasonable conditions won’t last.
Nov 14, 2023 Significant changes to the unfair contracts regime come into law today, with new multi-million penalties for companies and individuals forcing trading partners to sign contracts that are deemed unfair. Are your contracts fair and equitable?
Nov 09, 2023
Off-the-shelf accounting software has revolutionised the ease with which small businesses can manage their finances. From tracking your finances and making reconciliation smoother to accounts payable and staff payroll, ERPs (enterprise resource planning) and accounting software like Xero, MYOB and QuickBooks makes doing business easier than before.
Oct 31, 2023
Today’s retail trade data revealed a slight increase in the rate of spending in September 2023, partly driven by the release of the new iPhone and a warm start to spring, which boosted spending on hardware, gardening supplies and clothing.
Oct 30, 2023
In good news for the economy, September quarter inflation data released today by the ABS shows that services inflation has moderated since June 2023. While still high, at 5.8%, it is down from the June 2023 peak of 6.3% and is also the first decrease in the rate of services inflation since December 2021.
Oct 25, 2023
Of course it’s important to gather the right information when onboarding a new customer. Without it, you might not be able to set them up properly in your customer relationship management (CRM) system.
Oct 19, 2023 The September 2023 CreditorWatch Business Risk Index (BRI) has revealed that the contraction of Australian business activity may have eased but it remains at a low ebb, with the average value of B2B invoices down 42% year-on-year and well below pre-COVID levels.
Oct 18, 2023
In the complex landscape of tax obligations, the Australian Taxation Office (ATO) aims to employ a strategic approach to debt management, carefully crafted to cater to the diverse needs of businesses while maintaining fairness and equity.
Oct 11, 2023
The RBA has maintained the cash rate at 4.10% at the October 2023 meeting. Continuing weak retail trade and consumer confidence data is giving the board the clear sign that their efforts to reduce demand in the economy have worked very well.
Oct 03, 2023 September saw the continuance of fuel inflation, with petrol and diesel prices rising substantially due to reduced production by key oil states like Saudi Arabia. The increase in fuel prices, alongside continued price gains in insurance and residential rents, resulted in a small increase in monthly inflation.
Sep 29, 2023 Retail Trade continues to grow very modestly, with a 0.2% seasonally adjusted monthly increase recorded over August. This equates to an increase in spending of 1.5% over the year, and is well below inflation rates.
Sep 28, 2023
The PPSR, the government Personal Properties Securities Register, is akin to home and contents insurance. It should be quick to set up and, once done, will protect you in case of an adverse event (for example insolvency).
Sep 21, 2023
While the August 2023 unemployment rate remained steady at 3.7% on a seasonally adjusted basis, there was a strong gain in employed people overall, at 64,900, or a 0.5 percentage point increase. The very minor increase in the participation rate from 66.9% to 67.0% was the reason this jobs growth wasn’t enough to lower the unemployment rate again.
Sep 14, 2023 The August 2023 CreditorWatch Business Risk Index (BRI) has revealed Australian businesses activity is at near-record lows with the average value of B2B invoices now down 36% year-on-year - its lowest point since January 2017.
Sep 13, 2023
Capturing relevant information when completing customer onboarding smooths the experience across four key areas of the onboarding stage; compliance or due diligence, credit risk, employee experience and customer satisfaction.
Sep 12, 2023
It's an occurrence seen all too frequently within wholesale trade and retail in Australia. A trading partner with high levels of outstanding debt goes insolvent, only then to re-emerge under a new name with the slate somehow miraculously wiped clean.
Sep 07, 2023
Imagine if you could look into a crystal ball, see into the future and know whether your trading partners were going to pay you on time. While it can’t 100% guarantee outcomes, trade payments data is as close to a crystal ball as you can get when it comes to credit control and looking into the health of a business’s bank account.
Sep 06, 2023 Today’s June quarter inflation rate came in at below market expectations at 6%, with particular progress made in the slowing rate of goods inflation, which dropped from 7.6% over the year to March 2023 to 5.8% over the year to June. Goods inflation is far more responsive to monetary policy changes than services inflation, and this shows that consumers have well and truly responded to the RBA’s tightening measures.
Sep 05, 2023
For businesses that trades credit with customers, staying ahead requires more than just ambition – it requires smart decision-making, streamlined processes, and a keen awareness of risk.
Sep 04, 2023 The monthly CPI data continues to show an easing of price rises in most categories in the CPI basket. The exceptions, however, are rents, which rose by 7.6% over the year to July, up from 7.3% in June.
Aug 30, 2023
The July 2023 CreditorWatch Business Risk Index (BRI) has revealed the average value of business invoices has fallen by almost a third over the past 12 months, with a drop of 28% year-on-year.
Aug 23, 2023 On a seasonally adjusted basis, the unemployment rate in Australia climbed by 0.2 percentage points in July, to a still very low 3.7%. The number of unemployed people in Australia climbed by almost 36,000, with almost all of this increase being felt in two states, Queensland and NSW.
Aug 17, 2023
A lot can change across a customer’s lifecycle, whether that’s over a few months or 10 years. Just because a customer was in a strong financial position when you completed due diligence and ran their business credit check, doesn’t mean they’ll be as financially strong five years down the track.
Aug 16, 2023 Consumer confidence continues to bump along at near record low levels, falling by 0.4% in July 2023. Consumers are unlikely to report any improvement in confidence until inflation looks to be firmly in the rearview mirror.
Aug 09, 2023
Whether you’re a long-time credit controller, a new business owner or a seasoned finance manager, a clear, consistent credit risk management process is key to doing more business, with the right customers, and getting paid faster.
Aug 03, 2023
In some positive news this month, June 2023 CPI data showed that inflation in Australia is on a steady downward trajectory, mirroring what is happening in most major economies around the world.
Aug 01, 2023 Retail trade fell 0.8% in June 2023, as consumers showed far less willingness to spend in the mid-year sales compared to previous years. In a sign of just how much pressure consumers are under, retail spending fell in every category except food retailing, which only increased by 0.1 per cent in dollar terms.
Jul 28, 2023 Today’s June quarter inflation rate came in at below market expectations at 6%, with particular progress made in the slowing rate of goods inflation, which dropped from 7.6% over the year to March 2023 to 5.8% over the year to June. Goods inflation is far more responsive to monetary policy changes than services inflation, and this shows that consumers have well and truly responded to the RBA’s tightening measures.
Jul 26, 2023
To empower business owners and credit professionals in navigating insolvent trading partners, we've compiled a comprehensive and data-driven report: 'Safeguard your business from insolvency', enriched with insights from industry experts.
Jul 26, 2023
In the ever-changing realm of finance, where uncertainty looms and economic conditions can shift rapidly, conducting proper due diligence of vendors and customers through financial risk assessments (FRAs) has never been more important.
Jul 24, 2023
Credit card companies pass a large amount of consumer and business data on to credit reporting agencies and bureaus, such as CreditorWatch, to inform their credit scores and debtor risk analysis. Each credit reporting body has independent in-house policies for collecting this data, including the frequency, time points of collection, and sources.
Jul 18, 2023
‘Know Your Customer’ (KYC) compliance involves meeting the standards set by regulators for customer verification and identity checking, depending on your type of business, service provided and industry. Enforcing KYC checks allows regulators and authorities to mitigate criminal activity such as money laundering and the financing of terrorism.
Jul 17, 2023
Typically in Australia, when a debt collector takes up the collections effort for a creditor (or buys the remainder of the debt), the creditor will provide them with any contact details it has on file. If this is insufficient or the debtor’s details have changed, the collections agency or creditor may use search tools such as CreditorWatch’s business search portal to find missing information. In certain circumstances, a creditor or debt collector can apply to a court for a ‘substituted service’, allowing them to attempt contacting a debtor via less traditional means such as social media.
Jul 14, 2023
When a business, bank, credit union or lender have exhausted their in-house options to recover money owed, they turn to a debt collection service for debt recovery in Australia. These agencies and providers follow up on late or non-paying debtors, either for a fee to the creditor or after buying the remainder of the debt outright.
Jul 13, 2023 The June 2023 CreditorWatch Business Risk Index (BRI) show business payment defaults surge 52%; On the upside, Western Brisbane the most-improved region in Australia.
Jul 12, 2023
The Reserve Bank of Australia (RBA) made the decision today to hold the cash rate at 4.10 per cent, with data released in June not definitive enough to warrant a further increase at this stage. There is still concern about the very tight labour market and underlying inflation. Looking overseas, inflation in areas that are typically labour intensive is only decreasing very slowly, while price rises for goods are coming down faster. This is the same in Australia, where we recorded a decline of 0.4% in the price of clothing and footwear.
Jul 04, 2023
Even if a debtor changes address or other details, debt collectors can still attempt to serve legal documents via several different means. Remaining uncontactable does not instantly wipe the debt, and you may be liable for further legal action or asset seizure in the future.
Jul 03, 2023 
CreditorWatch Chief Economist Anneke Thompson and Head of Content Michael Pollack unpack the CreditorWatch May 2023 Business Risk Index results.
Jun 22, 2023 Consumer sentiment took another dive this month, following another interest rate rise after the June RBA board meeting. Westpac reported that responses during its monthly survey in June (taken over a few days before, during and after the board meeting) deteriorated dramatically following the RBA’s decision.
Jun 21, 2023 The May 2023 CreditorWatch Business Risk Index (BRI) show Australian businesses are coming under increasing pressure.
Jun 20, 2023
The ‘unfair contract terms’ laws (as set out in the Australian Consumer Law (ACL) establish out a regime whereby a term in a consumer or small business contract will be void if the term is unfair and the contract is a standard form contract.Australia’s Unfair Contract Terms regime (UCT) has now been significantly expanded in respect of ‘small businesses’. The changes were passed by Parliament on 28 October 2022 and will come into effect on 9 November 2023.
Jun 16, 2023
This year has already thrown up a number of challenges for business and individuals alike. Continued inflation, rising interest rates, supply chain issues, labour shortages and extreme weather have all meant that a large number of companies have and will continue to face various challenges that can lead to financial distress, including insolvency.
Jun 13, 2023 Consumer confidence remains near recessionary levels, with consumers surveyed by Westpac after the rate rise decision on June 6 noticeably more pessimistic than those surveyed the day prior.
Jun 13, 2023
In Australia, an insolvency notices alert is a notification service provided by different companies such as CreditorWatch, to alert subscribers to new insolvency notices related to companies or individuals such as external administrations, winding up applications (voluntary or court mandated), and proposed company deregistrations.
Jun 07, 2023 
Dealing with overdue payments is an unfortunate reality for many businesses, particularly in tough economic conditions. When efforts to collect debts internally prove ineffective, enlisting the services of a debt collector becomes a viable option.
Jun 06, 2023
As Australian businesses brace themselves for a challenging FY24, we have launched our comprehensive "End of Financial Year Survival Guide 2023". The report, enriched with insights from our panel of expert contributors, provides valuable tips and tools to help businesses prepare for the next 12 months. We offer an economist's perspective on the outlook for FY24, and industry-leading guidance on optimising cash flow and recognising early indicators of insolvency, empowering businesses for growth in the new financial year. Download the full report here.
Jun 05, 2023 CreditorWatch Chief Economist, Anneke Thompson, and Director of Open Analytics, James O'Donnell, discuss the latest CreditorWatch data insights on Australian businesses and the outlook for the remainder of 2023. Hosted by Michael Pollack, Head of Content at CreditorWatch.
Jun 01, 2023 This month’s economic data was dominated by the release of quarterly CPI data. While an increase of 7.0% for the March quarter was promising in that it showed inflation is definitely reducing (down from 7.8% for December quarter), it is still high, and actually increasing in the services sector.
May 31, 2023
Credit checking for Australian businesses is the speciality of the CreditorWatch team. Credit checking due diligence helps creditor companies, lenders, and banks create a clear picture of borrower risk. This analysis helps determine what credit terms to extend to debtors, if any.
May 26, 2023
Running a credit check on a business is essential for proactive risk mitigation strategies. Checking credit scores for businesses is made intuitive with the advanced RiskScore platform from CreditorWatch. You can check the creditworthiness of any existing or prospective company client with a simple ABN or ACN search, and better inform your decisions with sophisticated data. Read on to learn how to do a credit check in our guide below.
May 25, 2023 In today’s job market, building a strong network and finding a great mentor are critical to achieving your goals. This is especially true now that the job market is more competitive than ever before, with hundreds of qualified candidates vying for the same positions.
May 24, 2023
Good debt refers to borrowing that can generate long-term benefits and enhance a business's financial position. In contrast, bad debt refers to borrowing that does not contribute to the growth or profitability of a business and can potentially harm its financial health.
May 22, 2023
The tech industry has long been associated with relentless investment and rapid growth. However, amid rising interest rates and difficult market conditions, the global fintech market is facing increasing challenges. It is crucial for industry players to reassess their strategies and prioritise sustainable growth. In an insightful article for FinTech Australia titled 'How to manage the Fintech margin squeeze’, our Enterprise Account Director, Stirling Streeter, delves into the consequences of the ‘growth at all costs’ mindset and offers valuable guidance on risk mitigation.
May 22, 2023
Afterpay is leading the charge for Buy Now, Pay Later (BNPL) service providers in Australia. It offers customers the chance to pay off a purchase in four instalments, paid fortnightly. A credit card, by contrast, gives users access to a continuous active line of credit,
May 21, 2023
As a business or individual consumer, you cannot manipulate someone else’s credit score. However, you can alert reporting bodies, such as CreditorWatch, of negative payment behaviour or adverse events to inform their analysis.
May 20, 2023
Afterpay took the Buy Now, Pay Later (BNPL) services market by storm when it was launched in Australia in 2014, appealing to young consumers with the prospect of interest and fee-free payments (if made on time). To make a profit, most of Afterpay’s revenue comes from merchants, with a flat merchant fee of $0.30 and a 4-6% commission based on the value of the sale. Late charges from customers also account for a proportion of its income.
May 19, 2023 
The average salary for a credit controller varies from city to city and state to state. According to the jobs website, Seek, an average annual credit controller salary in Sydney ranges from $75,000 to $85,000.
May 19, 2023 The April 2023 CreditorWatch Business Risk Index (BRI) has revealed that the average value of invoices (trade receivables) remained elevated in April despite other leading indicators showing that businesses are coming under increased pressure.
May 17, 2023
A credit reference check, or credit report check, describes accessing a business or individual’s credit file with a reporting body. Australian companies can sign up for a free trial of the credit reporting tools from CreditorWatch to check the creditworthiness of trading partners before extending terms. Conducting this due diligence allows for proactive corporate risk management, avoiding risky debtors before they threaten vital cash flow.
May 17, 2023
Credit reporting agencies in Australia, such as CreditorWatch, analyse enormous datasets to generate credit scores for businesses or individual consumers. Companies, banks, lenders and other creditors use this information to determine the suitability of debtors and applicants for loans.
May 17, 2023
Financial risk is the potential for loss or adverse consequences resulting from inadequate or failed financial decisions, investments, or operations. It encompasses various factors that can impact a company's financial stability and profitability.
May 15, 2023
In today's financial landscape, maintaining a healthy credit score is crucial for accessing various opportunities, from securing loans to renting an apartment. Unforeseen circumstances or past financial mistakes can leave individuals burdened with a less-than-ideal credit history. This is where credit repair companies step in, offering their expertise to help individuals repair and restore their creditworthiness. In this article, we will delve into the world of credit repair companies, exploring their purpose, operations, benefits and the signs of reputable service providers in Australia.
May 15, 2023
The term ‘financial risk’ refers to the potential for a loss of earnings or income. The higher the likelihood or severity of that outcome, the greater the financial risk. Businesses and individuals alike must responsibly manage their exposure to these risks to mitigate the prospects of insolvency, default or bankruptcy.
May 13, 2023
A credit report details a potential borrower or debtor’s risk to the lender or creditor. A credit reporting agency, such as CreditorWatch, analyses large subcategories of business data to generate our reports and credit scores for Australian companies.
May 12, 2023
At CreditorWatch, we understand and value the confidence you place in us when you register to use our platform. We know that you rely on us to support your business with credit risk management tools that help you protect and grow your business while ensuring that your data is safeguarded with gold-standard security protocols.
May 11, 2023
At CreditorWatch, we understand the current challenges faced by construction firms in Australia. That's why we are excited to announce the release of our latest report, 'Cracks in the Foundations 2023.' This comprehensive report provides valuable insights and guidance to help businesses navigate the tough trading environment and kickstart growth. Download the free report here: https://creditorwatch.biz/3NCuest
May 11, 2023
The term ‘risk’ refers to the probability of an adverse outcome occurring. The higher that probability, the riskier the activity. ‘Financial risk’ applies that concept to a potential loss of income or revenue for a business or individual.
May 08, 2023
Debt collection describes recovering overdue funds owed to a creditor, administered by a third party for a fee. If a business or individual considers themselves unable to recoup money owed after taking steps to collect it - they may decide to contract the services of a debt collector.
May 04, 2023
A security interest is a debt or obligation secured by personal property (known as collateral) as defined by the Australian Financial Security Authority (ASFA). In the event that a debtor fails to meet their obligations, such as defaulting on payments, the secured creditor can take possession of the collateral.
May 03, 2023
Customer due diligence (CDD) is the process of verifying the identity of a customer, assessing the potential risks associated with their activities, and determining whether their behaviour and transactions are consistent with their known or stated activities.
May 02, 2023 
Running a credit check on a prospective new client can help a business mitigate the risk of bad debt. However, some companies may find this exercise intimidating or confusing. Luckily, the credit reporting suite from CreditorWatch takes the hassle out of this essential process.
May 01, 2023
Financial risk represents the likelihood of an unfavourable outcome relating to personal or business decisions. The higher the financial risk exposure, the greater the chance of losing money or becoming indebted.
May 01, 2023
Closing a credit card account may impact an individual or business’s credit scores, depending on the nature of the closure. Any credit account closure can affect credit scores to some degree, as reporting bureaus look favourably on maintaining regular payments on these products, and you will subsequently have less information on file.
May 01, 2023
A business credit card allows a business owner or one of their nominated staff to purchase items on credit. The balance of this credit gets settled at the end of the statement period, which may vary from one credit product to the next.
Apr 29, 2023
This month’s economic data was dominated by the release of quarterly CPI data. While an increase of 7.0% for the March quarter was promising in that it showed inflation is definitely reducing (down from 7.8% for December quarter), it is still high, and actually increasing in the services sector.
Apr 28, 2023
It has become common practice in Australia for landlords (or property managers working on their behalf) to check the financial history of prospective tenants. A credit check for tenants allows landlords to assess their rental payment capacity and track record. Some credit reporting bureaus or property management-specific providers offer services to conduct a landlord credit check for tenants.
Apr 28, 2023
This month’s data revealed the strongest bounce back in trade receivables data on record. This is an 86% increase on the previous month’s trade receivables data, but still 5.6% below trade receivables recorded in March 2021 and March 2020.
Apr 20, 2023 The March 2023 CreditorWatch Business Risk Index (BRI) has revealed, on multiple indicators, that business activity has returned to pre-COVID levels despite continued high inflation and interest rates.
Apr 18, 2023
A common struggle facing small business owners is juggling the need to protect cash flow from risky trading partners, with the lack of time and resources available to manage this risk properly.
Apr 11, 2023
DataX is a data analytics service that Westpac offers to guide large client businesses in Australia. The analysis enables users to inform their operations with reliable insights by leveraging the institutional bank's extensive consumer and corporate data.
Apr 05, 2023
A credit report is a detailed record of a business or individual's credit history, which includes information about their credit accounts, credit inquiries, and payment history. This report is compiled by credit reporting agencies, such as CreditorWatch, based on the data provided by lenders, credit card companies, and other creditors.
Apr 05, 2023 
Getting your head around the ins and outs of credit reports can be challenging, especially the differences between key terms, such as credit report vs credit score. Let’s break down everything individuals and businesses need to know about credit reports.
Mar 31, 2023
Credit management is the process of managing the credit risk associated with extending credit to customers or clients. Its main purpose is to ensure that businesses can collect payments for goods or services provided to customers within a reasonable period of time, while minimising the risk of late payments, defaults and bad debts.
Mar 31, 2023 The Australian economy is in the early throes of its necessary slowdown. The risk of the slowdown getting out of the RBA’s control was heightened this month by news of liquidity issues in some US and European banks.
Mar 31, 2023
A business credit card works like a personal credit card, in that it allows an owner or employee to make company purchases on credit, which should be repaid to the card provider at the end of the statement period.
Mar 30, 2023
Q: What is the difference between a mortgagee and a mortgagor? A: A mortgagee is a lender or financial institution that provides a loan to purchase a property. A mortgagor is a borrower who receives a loan, using their assets as collateral.
Mar 30, 2023
Land surveying definition: Professional land surveyors provide measurement and boundary-marking services for construction projects. Experts recommend contacting a professional surveyor before developing to ensure site accuracy and mitigate potential issues ahead of time.
Mar 29, 2023
According to the latest annual cyber-threat report from the government cyber-security agency, the ACSC (Australian Cyber Security Centre), cybercrime increased 13% over the last financial year with a rise in the sophistication of cyber threats, making crimes like ransomware and fraud easier to replicate at a greater scale.
Mar 29, 2023
When you submit an application for a loan, the lender will conduct a ‘hard enquiry’ of your credit score. This enquiry remains visible to other lenders in your credit history, allowing them to see how recently and frequently you’ve tried to access credit.
Mar 28, 2023
February Retail Trade data indicates that Australian consumers are continuing to reduce their spending on discretionary goods. Spending on household goods was flat over February, while spending on ‘other retail’ declined by 0.4%.
Mar 28, 2023
It’s a clichéd phrase, this “Line in the Sand” stuff isn’t it? It says “Just stop, I’ve had enough”. Whether it’s an over excited puppy, an annoying colleague or even listening to your own internal critic, we all know there comes a time when we need to put a halt to things as they are.
Mar 28, 2023
Do you remember that awkward conversation with your bookkeeper? Yeah, you know the one. They asked you about your accounts receivable and you confidently launched into a rundown of the business expenses you’d recorded for the past month
Mar 27, 2023
When a business applies for funds from a bank, lender or credit union, it is applying for a business loan. Short term loans for business may be ‘secured’ (underwritten by collateral such as property) or unsecured, with interest varying accordingly.
Mar 27, 2023
Data breach. Two words that send shivers down any company exec’s spine. Unfortunately, they’re increasingly common, the effects are widespread across a business’ operations and the financial impact can be massive. At CreditorWatch we’re acutely aware of the trust you place in us when you sign up to use our platform. We’re continually monitoring our information security management to ensure that our platform remains at the highest level of security.
Mar 24, 2023
Working capital efficiency is crucial to your business success but it is being seriously impacted by the macro-environment. We are currently facing a period of economic change unlike we have experienced for many years – rising interest rates, rising cost-push inflation, increased capital costs, rising operating costs, supply chain and labour constraints, increasing costs of living, a looming recession and a lingering COVID-19 pandemic.
Mar 23, 2023
Outsourcing across many roles and industries has become increasingly popular over recent years. And as the popularity of outsourcing has grown, so has the ease of finding and engaging outsourced support. Outsourced credit control services is among those that have grown in popularity.
Mar 22, 2023
Proper credit control is crucial for maintaining smooth and even cash flow within a business. But what is the definition of a credit controller? A credit controller manages credit that is extended to customers. Central to this role is the responsibility for collecting payment on all invoices issued and monitoring payments so that customers who do not pay on time can be followed-up and outstanding payments can be collected.
Mar 21, 2023
Every Australian consumer has a credit file with the three main consumer reporting bureaus: Experian, illion and Equifax. CreditorWatch differs to these bureaus in that it is a specialist B2B credit reporting bureau and doesn’t collect data on consumers.
Mar 20, 2023
The major credit reporting bureaus in Australia have different scales for their credit scores. Your credit score will differ depending on the entity providing the credit file, as each reporting bureau uses different metrics and different rating categories to inform the score.
Mar 16, 2023 The February 2023 CreditorWatch Business Risk Index (BRI) shows that business conditions, particularly around payment times have tightened due to high inflation and interest rates, in combination with falling demand.
Mar 15, 2023 The outlook for the Australian economy in 2023 is one with much uncertainty. While monetary policy easing appears to be working on flattening the growth in prices of goods, rising services prices continue to be a problem both in Australia and globally.
Mar 10, 2023
Despite clear signs that the brakes are being slammed on the Australian economy, the Reserve Bank of Australia (RBA) once again chose to increase the cash rate target. This latest increase will take many borrowers – both personal and business - well past their lenders’ serviceability test and will be a serious drag on both consumer and business sentiment.
Mar 07, 2023 This month we were able to get a guide on what listed Australian businesses are anticipating for the year ahead, as reporting season began. While most listed retailers reported strong earnings for the second half of 2022, many downgraded or emphasised caution in their outlook for sales in the year ahead.
Mar 01, 2023
CreditorWatch today launched its automated debt collections solution, CreditorWatch Collect. The latest offering from the commercial credit reporting bureau gives businesses struggling to keep on top of cash flow access to a tool to transform their accounts receivables and collections processes.
Mar 01, 2023
Credit Portfolio Management (CPM) involves the analysis of a business or lender’s credit portfolio to determine an effective balance of net risk and growth. The larger the diversity of borrowers and loan amounts, the more critical this process is.
Feb 27, 2023
A business’ revenue, or credit, can only be used to buy commercial real estate, which has the express purpose of being used for commercial ventures. In instances of a mixed-use block, a commercial loan product may be available to account for a percentage of the purchasing price.
Feb 21, 2023
Bankruptcy has a sinister reputation. It carries the stigma of failure and a perception that someone is incapable of managing their personal finances. However, there is a light at the end of the tunnel for anyone going through bankruptcy.
Feb 20, 2023
When you file for personal bankruptcy the details are kept on the National Personal Insolvencies Index (NPII). This public register allows any interested party to search for bankruptcy filings in order to inform their decisions and actions.
Feb 16, 2023 The January 2023 CreditorWatch Business Risk Index (BRI) reveals that business conditions are turning for Australian businesses, with a number of key metrics continuing to decline after a subdued end to 2022 as the RBA continued to tighten the screws on interest rates.
Feb 16, 2023
Invoice discounting, also called invoice finance and cash-flow finance, can be a useful financing tool for businesses looking to take advantage of early access to money that they are owed. So long as they are diligent, they may be able to leverage this revenue to improve the profitability of the enterprise.
Feb 13, 2023
CreditorWatch has become the first credit reporting bureau in Australia to be granted the Digital Service Provider (DSP) certification from the Australian Taxation Office (ATO). The ATO performed its security due diglience on CreditorWatch, assessing the company’s data security procedures and uptime against the government agency’s DSP Operational Security Framework before granting certification of compliance.
Feb 10, 2023
A ‘charge-off’ describes a debt that is considered by the creditor to be unlikely to be paid. It follows a period of default after the borrower has become delinquent on the repayment of a product, such as a home loan or phone plan.
Feb 08, 2023 
Strong cash flow is crucial for business success and longevity. But chasing outstanding invoices can prove difficult. Late payments are a real problem, particularly for small businesses. This is where a best practice overdue invoice reminders workflow comes into play.
Feb 07, 2023
The actions debt collectors can take if you don’t pay a debt depends upon the severity of the debt, and the extent that the payment is delayed. Generally speaking, a debt collector will get in contact with a debtor on behalf of a creditor to begin the process of debt recovery.
Feb 06, 2023
APR and APY describe two sides of the same coin in relation to interest paid and earned. A simple explanation is that the Annual Percentage Rate (APR) is a measurement of how much you’ll pay in interest and other costs when you borrow money. Conversely, the Annual Percentage Yield (APY) reflects how much you will earn on money in interest when you save.
Feb 06, 2023
As we emerge from the COVID-19 pandemic and the business landscape returns to normal, the ATO is again ramping up its enforcement of outstanding tax liabilities with more than 50,000 Director Penalty Notices (DPNs) issued last year on directors, which if not dealt within the strict timeframes specified, can lead to personal liability.
Feb 02, 2023
The credit rating bureaus and agencies have different tiers of credit risk that they assign to you within your credit file, according to your credit score. Typically, an individual or company applying for credit would want a score within the ‘average’ tier at a minimum, with a preference to be higher.
Feb 02, 2023 Whether you’re seeking a long-term business loan or a small loan to start a business, having a less-than-stellar company credit history can feel like a life sentence. However, there are options available to business owners that could be worth considering, to improve the likelihood of approval for a loan or line of credit and improve your business credit score.
Feb 02, 2023
If you are unable to meet your debts or liabilities when they are due, you may have to file for personal bankruptcy. Banks, lenders and trading partners all need to be kept informed of this information if enquired, as it can affect their perception of your creditworthiness and suitability for loans. As such, bankruptcy information remains on your personal credit file for five years or longer.
Jan 27, 2023
Automating your accounts receivable is an easy, fast and cost-effective way to stand out from your peers and shift your career up a gear. While automation can be daunting, it’s a forward-thinking, digitisation project to lead.
Jan 20, 2023
Almost 90% of CFOs say that a lack of automation is one of the main roadblocks to an efficient financial close process. Yet most businesses continue to rely on spreadsheets and only the most basic level of automation when it comes to their accounts receivable.
Jan 19, 2023
Know Your Customer (KYC) due diligence means checking customer and partner business identification to protect against criminal activity. Within Australia, certain businesses are required to comply with KYC safeguards and reporting through Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) legislation, also referred to as the AML/CTF Act.
Jan 19, 2023
Identity theft is an ever-present threat within Australia and globally, as shown by the recent data hacks on large companies such as Optus and Medibank. The truth is that you can never be 100% sure that you will avoid it but there are a number of steps you can take to minimise the chances of hackers and unscrupulous entities from stealing your identity.
Jan 09, 2023
Once a company is deregistered within Australia, it ceases to exist as a legal entity and can no longer trade. Should you meet certain criteria, you may be able to reinstate the company - effectively restoring it to its form prior to deregistration.
Jan 04, 2023
If the shareholders of an insolvent company vote in favour of liquidation, or if creditors vote in favour of liquidation this is commonly referred to as creditors’ voluntary liquidation. It is the most common type of insolvent liquidation.
Dec 23, 2022
The November 2022 CreditorWatch Business Risk Index (BRI) reveals that the usual trade momentum going into December has failed to materialise and businesses should brace for a more subdued Christmas trading period.
Dec 15, 2022
This month we saw a continuing emergence of signs that interest rate rises are slowly starting to have an impact on the Australian economy. The first hint came in the form of retail trade, released early in the month, that showed a 0.2 per cent month-on-month decline in retail trade. Retail trade is still 12.5 per cent higher than it was October 2021, remembering that was still a period when COVID restrictions were in place.
Dec 02, 2022 DebtorLogic is a debt collection strategy that helps you stay ahead of bad debt by revealing how your customers pay you in comparison to the rest of the market. It helps businesses to get paid faster and improves cash flow by taking a proactive approach to debtor management.
Dec 02, 2022
The Australian economy is struggling with supply chain issues, rising interest rates and ongoing financial uncertainties. While growing debt could potentially cause the demise of your business, collecting outstanding payments is proving to be more difficult than expected. According to CreditorWatch’s July 2022 Business Risk Index, external administrations have risen 50 per cent since April and are up 46 per cent year on year. Court actions have also increased 54 per cent year on year. These reflect the fragility of current economic conditions – businesses are at higher risk of being exposed to customers that are becoming insolvent and unable to pay their debts. CreditorWatch has tools and tips that will improve your chances at collecting outstanding payments, safeguarding your business from slow or non-paying debtors.
Nov 30, 2022
The silly season is upon us and chances are your calendar is already beginning to fill up with end of year catchups and Christmas parties. Then there are the many meetings to discuss projects that must be completed before we all head off for a bit of respite and sun.
Nov 28, 2022
The Australian Securities and Investment Commission (ASIC) can initiate a strike-off action to formally deregister a company from the Australian Business Register (ABR). A ‘strike off action in progress’ notice alerts all involved of the impending winding-up of that company, which will no longer legally exist once concluded. This deregistration may be requested by the company directors/appointed liquidator or instigated by ASIC independently.
Nov 18, 2022 Today’s labour force data showed 32,200 people in Australia gained employment in October 2022, dropping the seasonally adjusted unemployment rate to 3.4%, down from 3.5% in September 2022. The labour market remains extremely tight, reflecting the very high levels of capacity utilisation that businesses continue to report.
Nov 17, 2022
The COVID-19 pandemic generated economic volatility, labour shortages, and supply chain disruptions that impacted the working capital of many businesses and forced them into survival mode and the adoption of more conservative strategies. Aside from the fluctuating business recovery in the post COVID-19 era, there are now legitimate concerns around the forecast of difficult economic conditions in 2023, as highlighted by CreditorWatch in its recent snapshot Economic Update – October 2022.
Nov 17, 2022
It’s a tricky time to be operating in the construction industry. As seen with the recent collapses of multiple Australian construction companies, increased operating costs and a downturn in revenue can quickly result in defaults and insolvency. It sounds simple, and it’s not always easy, but the best way to safeguard your business from the myriad challenges confronting the industry is to ensure that cash flow is regular and protected. If you have the money to pay the bills, then you’re more likely to survive and thrive.
Nov 16, 2022 SYDNEY, Wednesday 16 November 2022 – The October 2022 CreditorWatch Business Risk Index (BRI) has revealed that small businesses are feeling the pinch of the current economic pressures while big business is faring much better.
Nov 16, 2022 This month’s results from both CreditorWatch and other important industry data show a clear downward shift in business confidence and more treacherous conditions for businesses ahead. While any deterioration in business conditions can instinctively seem like a negative for the economy, unfortunately high inflation periods can only be ‘cured’ through broad economic slowdowns.
Nov 16, 2022
The Personal Property Securities Register (PPSR) is an online federal government notice board of security interests in personal property. The PPSR is a regulated database of official interests in specific property - including cars, goods, company assets, and other items. When specific types of loan, rental, hire-purchase or other agreements are signed, the property in question (referred to as ‘collateral’) underwrites it. Implemented in January 2012, the security interest register keeps an official log of which parties have a stake in which collateral.
Nov 14, 2022 Your personal credit history can affect your business credit history, including your ability to gain access to credit products, such as a business loan or a business credit card. If you have a poor credit score, it can make it much more challenging to gain approval for credit products, as a lender may review both your personal credit history as well as your business credit history. However, having bad personal credit and poor credit history isn’t a life sentence and it can be possible to boost your chances of credit approval.
Nov 11, 2022 Yesterday’s release of Westpac’s Consumer Confidence and NAB’s Business Conditions survey gave us the clearest signs yet that interest rate rises and inflation are really about to start impacting the performance of Australian economy.
Nov 09, 2022
Of the many pressures currently facing Australian businesses – rising inflation is one of the most pressing. It impacts everything from consumer confidence to the price of the raw materials. However, it can also create an environment for business owners to raise prices. So, why does inflation occur, what are the effects of inflation on business, and is it good or bad? A little of both, depending on factors such as industry and overheads, as we discuss below.
Nov 08, 2022
In Australia, the average credit score varies depending on which reporting bureau or ratings agency you ask as they all have their own system of measurement. For personal credit, an average score may sit anywhere from 300 to 624. For business credit, it may depend on the agency, but at CreditorWatch this may refer to a business with a RiskScore placing it in the C2 or C3 range.
Nov 08, 2022
SYDNEY, Monday 7 November – Australia’s top commercial credit reporting bureau CreditorWatch has acquired Debtor Daddy Limited, an automated receivables management software and collections service provider.
Nov 07, 2022
Today’s decision by the RBA to further raise the cash rate will place undeniable financial pressure on Australian households. Combined with the Budget’s forecast rising prices on everyday goods, housing and energy, and lacklustre wages growth, this latest increase in the cash rate all but guarantees consumer confidence will weaken as we enter the busy Christmas retail period.
Nov 01, 2022 Economic news this month was dominated by the release of the Federal Budget 2022/23 and September quarter inflation. Unfortunately, both releases point to far more difficult economic conditions for Australian businesses in 2023.
Oct 31, 2022
Credit reporting is a fundamental component of credit approval, management and risk assessment for businesses and individuals alike. Within Australia, there are three different bureaus providing credit reporting for individuals, each generating a score detailing your creditworthiness and capacity for further borrowings. This is different to the credit reporting on businesses that CreditorWatch does. So, who are these consumer credit reporting bodies and what exactly do they do?
Oct 31, 2022
We sat down with Claire O’Neill, Assistant Commissioner, Integrity at the ATO to find out the options that businesses with outstanding tax debts have, and the steps that the tax office will take to work with businesses before taking extreme action such as publicly declaring tax debts.
Oct 27, 2022 The September quarter Consumer Price Index (CPI) data shows that inflation continues to roar along, with prices growing by 7.3% over the year to September 2022 – the highest level in 32 years. Costs of constructing a new dwelling continue to be a key driver of inflation, with pricing increasing by a massive 20.7 per cent year on year, and by 3.7 per cent over the September quarter.
Oct 26, 2022
Risk modelling entails using past behaviour to predict future tendencies. Using a combination of lived experience, machine learning and complex algorithms, the credit risk modelling capabilities available to Australian businesses are being refined with every passing day.
Oct 24, 2022
We are witnessing the proliferation of innovative ‘buy-now-pay-later (BNPL)’ platforms within Australia and globally. Consumers are compelled by flexible, interest-free payment options, allowing them to spread the budget hit of purchases over time.
Oct 24, 2022
Your individual credit score and company credit score are two of the most important indicators of creditworthiness, and showcase your financial responsibility to credit providers, potential new suppliers and trading partners
Oct 24, 2022
When you apply for any credit products, sign up to a utility provider, or consider working with a new business partner, it’s likely a credit enquiry will be performed on you or your business. Hard credit inquiries, or credit checks, will be reflected on your individual or company credit file.
Oct 24, 2022
For relevant officeholders enquiring how to close a company formally, the process is not as complicated as it may seem. In simplest terms: if your company has asset holdings totalling under $1000 and has not declared insolvency, you may be eligible to apply for voluntary deregistration.
Oct 24, 2022
As profit margins dwindle under rising inflation and operating costs, identifying your high risk customers is paramount. Trading with risky clients jeopardises cash flow, integrity, and exposure to litigation.
Oct 24, 2022
Ensuring your manufacturing business is paid on time, and engaging with financially healthy customers and suppliers, is essential for the growth and security of your finances. However, if the last two years have taught business owners anything, it’s that the worst can occur and it’s wise to protect your cash flow accordingly.
Oct 24, 2022
While many of the movement restrictions and space limitations have eased since COVID-19 first hit Australian shores, businesses in the hospitality sector are still experiencing the impacts of the pandemic. Pressures such as higher costs for inventory and staff shortages have contributed to the food and beverage sector witnessing a heightened risk of default.
Oct 24, 2022 Enterprises within the hiring and rental business historically operate on a critical foundation of trust. Understandably so, as the value and volume of goods loaned are often significant. The lease holder’s integrity is fundamental to the safe return of goods and the payment for any services rendered.
Oct 24, 2022
Know Your Customer (KYC) is a fundamental component of how financial sector companies prevent illicit criminal activities, and perform due diligence, for anti-money laundering (AML). When referencing cryptocurrency firms and exchanges, KYC can be a point of contention, due to customers favouring anonymity.
Oct 24, 2022 The September unemployment rate was steady on a seasonally adjusted basis, at 3.5 per cent. There was very little movement in both employed people and the number of unemployed people, which rose slightly by 8,800, or 1.8 per cent.
Oct 20, 2022
The Personal Property Securities Register (PPSR) is the Australian Government’s online noticeboard of security interests in almost anything of value, except for land, buildings and fixtures. It’s important for businesses to know about the PPSR – but what kind of risk protection can it provide?
Oct 20, 2022 
The real estate industry relies upon the regularity and consistency of tenancy payments to drive revenue. Property Management often forms the cash flow base for boutique and franchise shop fronts alike, and any disruption can adversely affect the bottom line quickly.
Oct 14, 2022 Our Business Risk Index (BRI) data for September 2022 was broadly consistent with data trends we have recorded over the preceding months. Trade Receivables continue to increase year on year, indicating that businesses are still feeling relatively confident and that supply and labour bottlenecks are slowly clearing up.
Oct 13, 2022 The September 2022 CreditorWatch Business Risk Index (BRI) has revealed the risk of default over the next 12 months has increased in all regions across Australia with 5000 or more registered businesses with the exception of the Lower Hunter and Wyong regions in New South Wales.
Oct 13, 2022
The process of chasing up unpaid debts can feel like an intimidating task, particularly when you’re dealing with multiple products and transactions along an extensive supply chain. However, for businesses in the wholesale sector, it doesn't have to be.
Oct 12, 2022
Overdue invoices can cause a serious headache for retail and wholesale businesses, especially considering the reliance on steady cash flow to buy more stock and supply your goods. Not only is the impact detrimental to your accounts receivable, but also the time spent chasing up late payments eats into operational hours.
Oct 12, 2022
No matter what your business is manufacturing, the key to the process is cash flow. It’s the vital stream of revenue that allows you to buy your raw goods, pay for the utilities required to produce the product, and maintain the wages for staff. As soon as there is any disruption to cash flow, by virtue of slow creditors, it can spell trouble for your operation.
Oct 11, 2022
ithin the often murky world of construction, transparent data gives your team the inside track. Prospective trading partners in the sector have been known to sometimes take steps to obscure or obstruct the discovery of credit risk or instances of malpractice.
Oct 10, 2022
CreditorWatch is not just about credit reports and monitoring. We empower businesses with an extensive range of searches and reports to help them uncover exactly who they’re working with. CreditorWatch is integrated with award-winning search portal InfoTrack, Australia’s leading legal tech innovator, giving you access to more than 4,500 different searches and services straight from your dashboard.
Oct 07, 2022
Procurement teams play a vital role that, in many ways, dictates the viability of the operation they represent. Large-scale Australian manufacturing businesses need to source the right goods, at the right price, from the most reputable suppliers in order to have any remote chance of long-term sustainability.
Oct 05, 2022
The construction sector within Australia is notoriously high-risk. Any exposure to the adverse payment behaviour, credit risk, or directorial malpractice of a trading partner can threaten the viability of your operation. Failing to implement an appropriate debtor management strategy, or using incorrect data, may result in default or insolvency implications for your business. It’s essential that all creditors be managed effectively, with collections prioritised, in order to safeguard your cash flow.
Oct 05, 2022
For fintech businesses, the use of open networks is one of the foremost advantages of the sector. It differentiates product offerings from competitors and allows market-leading technology to be leveraged. However, this same system exposes these businesses to a litany of risks in a sector that does not assume the same regulated transparency, compliance, or risk reduction policies that lenders or banks are subject to.
Oct 05, 2022 Global influences continued to have a big impact on the Australian outlook this month. The US Federal Reserve announced a further 0.75% increase to interest rates, while also indicating that they will not deviate from their path of interest rate increases until inflation is under control
Oct 04, 2022
The construction industry is operating amidst an abundance of higher credit risk factors, including ongoing supply chain and materials delays, as well as higher costs for materials. When a construction business takes on a project in the current environment, it’s likely exposing itself to some degree of risk.
Sep 30, 2022
Following up on unpaid invoices and outstanding debts can be a frustrating and awkward process. Any unpaid credit to your business can have a devastating impact on your cash flow and your ability to turn over stock.
Sep 28, 2022
Sometimes you think you’re protected, until all of a sudden you’re not. Contract clauses don’t always provide the bulletproof vest for your business that you might assume they do. Such is the case in instances of a Retention of Title claus
Sep 28, 2022
CreditorWatch, a commercial credit reporting bureau with over 50,000 customers across Australia, today announced it has secured a three-year contract with Coface, a global specialist in trade credit insurance, to support its global insurance underwriting business that has a presence in more than 100 countries.
Sep 28, 2022
Company credit checks are an underutilised resource that can offer significant benefits to any business. Not only can performing a credit check on customers, suppliers or potential business partners protect you from credit risk and cash flow issues - you’ll be able to make more informed, data-driven decisions to facilitate business growth.
Sep 26, 2022
One of the best tools at your disposal to reduce business credit risk is accurate, up-to-date data. Unfortunately, dirty data is a common problem that limits the ability of a company to take action to mitigate credit risk. Luckily, there are steps you can follow to be proactive about your data management and data hygiene.
Sep 26, 2022
Within the unprecedented high-cost trading environment across multiple Australian industries, high volume Transport and Logistics companies are broadly exposed to credit risk. Ensuring the creditworthiness of suppliers and clients alike is crucial to securing the future of your cash flow and business.
Sep 26, 2022
At the apex of technology, research, and financial markets - fintech companies are breaking new ground and changing the ways that clients operate. The impacts of smart product offerings, leveraging the latest developments in science and engineering, have been enormous for both individual consumers, and partner businesses.
Sep 23, 2022
Data is king in the world of contemporary business. Operators that are able to accurately collate and analyse data from trading partners, customers, and local areas can leverage that information to elevate performance.
Sep 23, 2022
Getting on the front foot with your debtor management can mean the difference between healthy cash flow and potential insolvency. There are tools and insights available for proactive debtor management, which can alert you to the dangers of customers at risk of default ahead of time.
Sep 23, 2022
When conducting business with a trading partner, any potential unknown conflict of interest can derail your operation and expose you to credit risk. The financial impact can be so severe that your business may enter insolvency territory by virtue of the malpractice, bad faith, and bad debt of partner businesses.
Sep 23, 2022
In a highly time-critical industry, such as the healthcare services sector, the non-payment of invoices, or default/insolvency claims from your clients can adversely impact the ability to provide effective and efficient customer service.
Sep 23, 2022
As a hiring or rental business, the top priority (alongside regular revenue) needs to be the security, and retention of ownership, of any loaned or collateral assets. If your security stake in an asset is unproven, you may never either recover the good or be compensated for it, according to strict compliance guidelines.
Sep 20, 2022
The construction industry is operating amidst an abundance of higher credit risk factors, including ongoing supply chain and materials delays, as well as higher costs for materials. When a construction business takes on a project in the current environment, it’s likely exposing itself to some degree of risk.
Sep 20, 2022
The building and construction industry within Australia is notoriously high-risk. It is quick to be adversely affected by any downturn in the nature of trading conditions, including supply chain delays, steep price hikes on imported goods and raw materials, and rising domestic inflation.
Sep 20, 2022
Bad debt can be fatal to a business. CreditorWatch helps you avoid this by taking a proactive approach to debtor management. Our interactive trade payment program, DebtorLogic, reveals your debtors’ payment trends, enabling you to identify risks and prioritise collections.
Sep 19, 2022
Australian businesses currently in a very fragile state due to the shifting and changing nature of the economy. It is important to focus on the financial health of your business and the steps you can take to improve it.
Sep 16, 2022
The August 2022 CreditorWatch Business Risk Index (BRI) has revealed that trade payment defaults have surged to their highest point since October 2020. Payment defaults are now up a massive 53 per cent year-on-year.
Sep 14, 2022
For as long as financial services have existed, unscrupulous entities have found ways to exploit their weak spots for personal gain. Fraud itself is nothing new, but there are concerns that those weak spots are now more plentiful and easy-to-find than ever before.
Sep 07, 2022
Effective Working Capital Management has always been a business fundamental and long-term practice to help guide future business decisions. In many industries, obtaining adequate financing and balancing debt to equity can be incredibly challenging to maintain.
Sep 07, 2022 The Reserve Bank of Australia (RBA) is not shying away from its goal of bringing inflation back inside the target band, and today further increased the cash rate target. Retail trade, labour force and business sentiment data all point to continued ‘heat’ in the economy, even though consumer sentiment and house prices continue to weaken.
Sep 06, 2022
As a creditor, you want to be sure that your debtors can repay their dues and that each customer is reliable with a trustworthy credit history. CreditorWatch is Australia’s leading credit check business. Our business credit reports help you identify risky customers, allowing you to proactively mitigate risks to protect your business.
Sep 05, 2022
As a wholesaler, your investments and trading need to come with a high degree of financial safety and security. Any credit risk should be mitigated from the outset and a key tool for wholesalers is the Australian Government’s Personal Property Securities Register (PPSR).
Sep 05, 2022
Employing around 1.16 million people in 2021, the construction industry is significant to Australia’s economy. The industry's value sat at $202 billion in 2021 with $81.84 billion of that coming from the private sector.
Sep 05, 2022
Debt collection is a process of empathy as much as it is strategy. Any company collecting debts from its customers must understand the position each party is in and make it as seamless a process as possible to ensure everyone can focus on running a strong business.
Sep 05, 2022
In Australia, the hiring and rental industry, by its nature, requires a higher degree of asset and cash flow security. On the provision side, this is due to revenue streams depending not only on transactional volume, but also the maintenance, care, payment for and return of the individual goods leased or loaned.
Aug 31, 2022
In a time of increasing insolvencies and bankruptcies, and rising costs of doing business, an intimate knowledge of the directors of current or future potential trading partners can be of great value to your business.
Aug 31, 2022
This week’s Jobs and Skills Summit is the talk of the business world at the moment. There is strong hope among all sectors of the economy that some real, immediate actions can be taken to help fill some of the 480,000 jobs that are currently available in Australia.
Aug 31, 2022
Real estate industry performance is intrinsically linked to the trading conditions of the housing market. In times of boom, the sales volume for agents increases - driving a swell in available cash flow for all associated businesses.
Aug 30, 2022
It’s a tale as old as time for too many businesses within Australia. You engage with another company, everything runs smoothly for a few months, and then out of nowhere that company collapses - and you’re left struggling to reclaim debt.
Aug 30, 2022
The trading environment in Australia throughout 2022 has seen some unprecedented challenges. As rates of insolvency have risen across numerous industries, it is more important than ever to ensure appropriate risk mitigation strategies are in place to protect both your business and its assets.
Aug 30, 2022
When making purchases on behalf of your business, it is imperative that your suppliers and contractors are trustworthy, creditworthy and timely in the delivery of their products.
Aug 30, 2022
The current trading environment for the food and beverage services sector is creating significant downward pressure on cash flow, while amplifying credit risk. This can be attributed to low consumer sentiment, higher inflation levels, supply chain issues, and multiple other factors.
Aug 29, 2022
When a business credit application is made, it’s important to dot every i and cross every t before committing to a partnership with the applicant. This should involve a process of thorough due diligence where you research a business’s credit report and make an informed decision around whether they present a risk to your cash flow.
Aug 22, 2022
The Personal Property Securities Register (PPSR) is an official government register of interests in personal property. Operating as an online noticeboard, you can register with PPSR to show that you have rights over personal property which secure a debt or obligation that someone owes you.
Aug 18, 2022 Today’s labour force data continued to underline just how tight the Australian labour force is. At 3.4 per cent, seasonally adjusted unemployment rate is at the lowest it has been since 1974. There are now fewer unemployed people than there are jobs available in Australia.
Aug 18, 2022
Within the current business trading environment in Australia, cash flow is king. To adequately protect the balance sheet of your business, it is essential that you determine the creditworthiness and payment tendencies of any partner business.
Aug 18, 2022 Spanning a broad cross section of Australian businesses, from art galleries to theatres, gyms to sport and recreation clubs - the arts and recreation services industry is a fickle beast.
Aug 17, 2022
When you begin trading with a new business, the history of its directors may not be something that you immediately think of as being important. But extending credit to companies that have unscrupulous directors will not only putting your business at risk but can also potentially expose you to criminal activity.
Aug 17, 2022
It’s a challenging time for the construction industry, thanks to ongoing labour shortages, and supply chain issues, in tandem with rising inflation levels increasing local business expenses.
Aug 16, 2022
Since 2020, businesses across all sectors and regions have taken a beating with trading conditions the most challenging they have been in years. With multiple impacts such as rising inflation and interest rates, labour shortages, supply chain disruptions and more, CreditorWatch’s Business Risk Index forecasts business insolvencies to continue rising over the coming months.
Aug 15, 2022
The current business trading environment within Australia is facing unprecedented challenges, as seen with fluctuating revenues and higher inflation. With company insolvencies rising, it’s important to understand the difference between liquidation, voluntary administration and bankruptcy.
Aug 10, 2022 After four consecutive months of increases to the cash rate target, and inflation continuing to rise, it is now clear that a slowdown in demand in many industries is inevitable. The retail sector will feel the brunt of the impact of a reduction in discretionary spending.
Aug 10, 2022 The July 2022 CreditorWatch Business Risk Index (BRI) has revealed that external administrations and court actions are on the rise as the era of cheap credit comes to an end and businesses with depleted cash reserves and thinning margins confront yet more challenges.
Aug 10, 2022
In the ups and downs of today’s global economy, wholesalers often bear the brunt of it all when it comes to another supply chain collapse. So, what can you do to make sure your wholesale business steers clear of toppling supply chains and keep your ledger strong?
Aug 03, 2022
CreditorWatch’s latest industry whitepaper - ‘How the manufacturing industry can strengthen the Australian economy’, presents a comprehensive overview of the current state-of-play and outlook for Australia’s manufacturing industry.
Aug 03, 2022
Anneke Thompson, Chief Economist at CreditorWatch, comments on today’s cash rate decision. This is in response to last week’s increase in annual inflation seeing it at its highest level since the introduction of the GST in 2001.
Aug 02, 2022
When performing customer due diligence, what are the red flags to look out for? It is likely that five to 15 per cent of your ledger has adverse information you’re unaware about. To mitigate credit risk, it is important to be able to identify risk indicators which highlight entities in financial distress.
Aug 02, 2022
When performing a business credit check, it is important to understand the concept of cross directorships. This is where some directors you work with may own or have previously owned multiple companies, and potentially increasing their credit risk.
Aug 01, 2022
The financial reputation of a business is one of the most fundamental indicators of its reliability to meet payment obligations, and this is showcased in a business credit file. Before you look to engage with a new customer, or a business partnership, it’s crucial that you do your due diligence and perform a credit check.
Aug 01, 2022
In a world where the trading environment is increasingly uncertain and information comes at us at an overwhelming rate, having accurate, reliable, and up-to-date business data can make all the difference in how well your business is protected.
Jul 29, 2022
It’s been a volatile few years for the construction industry, with rising inflation, global supply chain disruptions, labour shortages and fixed price contracts putting increased pressure on clients and businesses alike. However, there are options available for companies to avoid late payments, and potentially get paid faster.
Jul 29, 2022
As we have commenced Financial Year 2023, the rates of insolvency within the financial services industry have risen, illustrating the critical challenges these businesses continue to face. Managing credit risk is essential to maintain the flow of revenue from trusted trading partners, and avoid the prospect of default.
Jul 29, 2022 Looking at the past can help you determine trends of the future – but sometimes the past can come back to bite you. A company’s credit history can make or break its ability to secure credit and conduct business.
Jul 29, 2022
When you first start out, it can be a daunting task to try and pick out which customers have the best chance of working well with your business. Luckily, there’s a simple way to land your goal of building a base of reliable customers – check their credit scores!
Jul 29, 2022
When the COVID-19 pandemic began to reshape business operations globally, the preliminary response of CEOs, CFOs, and treasurers was all about survival of their business: free up cash, liquidity, and resources to keep their business operations afloat.
Jul 29, 2022
High pressure. High prices. High demand. With millions of orders being placed each day, there’s no denying that the pandemic and a need for contactless and immediate deliveries has boosted the demand for logistics services in Australia.
Jul 29, 2022
Keeping your procurement operations running smoothly is challenging, no matter what stage of business you are in. Both new and established businesses can face an uphill battle in balancing their spending whilst still delivering revenue and profit gains.
Jul 26, 2022
The current economic climate is awash with change and uncertainty. These unstable trading conditions have highlighted the necessity for businesses, particularly small and medium enterprises (SMEs), to become more aware of who they are working with.
Jul 25, 2022
It takes a multitude of people to work end-to-end on a construction project. If you own or run a construction company of any kind, your employees or contractors need to be paid and you need to be paid by the client to pay these contractors.
Jul 25, 2022
The relationship we have with risk is a fascinating one; how we calculate it and how we respond to it when it presents itself can tell us a lot about our own psychology. For instance, we habitually overestimate the risk of rare, catastrophic events, like earthquakes. Yet we underestimate the risk posed by commonplace events, like getting behind the wheel of a car when we haven’t had enough sleep.
Jul 21, 2022
Checking the credit of your customers and clients is a crucial part of running any business. Whether you're providing services, products, or financing, you need a way to ensure that you can trust your customers to make good on what they owe you.
Jul 21, 2022
The current trading environment for Australian business is presenting unique and unforeseen challenges to both ownership and their management teams. In light of this, diligent credit assessment of customers is as necessary as ever before.
Jul 19, 2022
When performing customer due diligence, what are the red flags to look out for? To mitigate credit risk, it is important to be able to identify risk indicators that highlight entities in financial distress.
Jul 13, 2022
CreditorWatch Business Risk Index (BRI) has revealed that business confidence is teetering, with key indicators such as trade receivables and credit enquiries down, while trade payment defaults continue to register at pre-COVID levels.
Jul 12, 2022 The June 2022 CreditorWatch Business Risk Index (BRI) has shown that the risk settings for some industries have moved slightly, as the threat of rising interest rates finally eventuates. We now find ourselves in a ‘perfect storm’ scenario of increasing cost of debt, labour, supplies, the cessation of COVID-related government support and the ATO and many financiers removing any remaining periods of grace for clients in arrears.
Jul 12, 2022
Many large Australian retailers have been forced to shut their doors over the past two years. These devastating flow-on effects have been felt by all stakeholders in the supply chain. For wholesalers, who are often operating on narrowing margins to begin with, the volatility of the market since March 2020 has driven home the need to be aware of the credit history of each customer.
Jul 12, 2022
Fintech, short for ‘Financial Technology,’ was only added to the Merriam-Webster dictionary in 2018. In that short amount of time fintech has streamlined and simplified common financial processes, spreading to countless industries and all corners of the globe.
Jul 05, 2022 In the current economy, filled with uncertainties, businesses are being forced to rapidly change and become more adaptable. And many are not able to manage the transition. CreditorWatch’s Business Risk Index data forecasts insolvencies to steadily rise across the remainder of 2022.
Jul 05, 2022 CreditorWatch has been awarded the ISO 27001 and 27017 certifications, for information security management and cloud security controls respectively. These globally recognised accreditations prove that CreditorWatch has achieved the highest standards of information security management.
Jul 01, 2022
For the vast majority of business owners, debt collection is not something you want to spend too much time dealing with. Whether you’re in it, chasing it, or just trying to stay one step ahead of it, you probably feel that the hours grappling with outstanding payments could be better spent working on your business.
Jun 30, 2022
The pandemic, alongside the rise in technology advancements, has forced SMEs to change the way they operate. This can be anything from altering their business models and plans to keeping up with ever-changing customer trends. The last thing an SME needs is added fraudulent behaviour from trading partners, customers and even employees.
Jun 28, 2022 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 the debt collection process.
Jun 27, 2022 
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.
Jun 20, 2022 
CreditorWatch has released its Industry Synopsis for June. Industry data, coupled with stats from its Business Risk Index (BRI)*, point to an increased probability of default for a number of industries, as the threat of rising interest rates finally eventuates.
Jun 17, 2022
When it comes to any business-to-business relationship, maintaining a mutually respectful and reliable partnership is one of the top priorities. But what happens when your customer ends up being unable to deliver on their promises? Chances are these customers mean bad news – and bad debt!
Jun 15, 2022 
Australian Business Registry Services (ABRS) is providing the following guidance to agents and intermediaries to assist them in supporting their director clients to apply for their director identification number (director ID). When…
Jun 03, 2022 
New laws give liquidators expanded powers to claw back funds. By Nathaniel Kitingan, Managing Principal Lawyer - Melbourne and Tim Puget - Associate at Macpherson Kelley. Anti-phoenix laws were introduced in…
May 30, 2022
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.…
May 11, 2022 Economy at turning point as positive trends continue; Grim outlook for flood-affected regions In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan…
May 11, 2022
SYDNEY, Wednesday 11 May – The April 2022 CreditorWatch Business Risk Index (BRI) shows the Australian economy may have reached a turning point, with trade payment defaults and credit enquiries…
May 10, 2022 
Our latest episode of Business Insights is the second in a three-part series on how SMEs can best prepare themselves for uncertainty using the 3 Ps of preparation: processes, policies…
Apr 28, 2022
In this challenging economic climate, it is more crucial than ever that businesses are well prepared for whatever impacts come their way. Our latest episode of Business Insights is the…
Apr 20, 2022
In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and index creator James O'Donnell from Open Analytics discuss the key insights.…
Apr 13, 2022 By Anneke Thompson, CreditorWatch Chief Economist Reflecting their rising risk profiles due to Australia’s higher inflationary environment, the Food and Beverage Services, Arts and Recreation Services and Transport, Postal and…
Apr 12, 2022 SYDNEY, Wednesday 13 April – The March 2022 CreditorWatch Business Risk Index (BRI) has revealed that Australian business activity may be finally showing some green shoots around recovery, with B2B…
Apr 12, 2022 
Following Australia's 2022 Federal Budget announcement last night, please find comments below from CreditorWatch CEO, Patrick Coghlan, on the impact this will have on Australian businesses and the wider economy. …
Mar 30, 2022 The Personal Property Securities Register (PPSR) is an essential facility for all businesses leasing or selling goods or services on credit. But it is also widely misunderstood by small business…
Mar 30, 2022
In the latest episode of Business Insights we speak to CreditorWatch's Victorian Sales Manager Hilbert Klaster about the practice of supplier hopping - the practice of moving from one supplier…
Mar 23, 2022
The Australian economy is rife with uncertainty due largely to the ongoing impacts of the COVID-19 pandemic and its multiple variants, such as supply chain disruptions and labour shortages, but…
Mar 17, 2022
Why use InfoTrack’s additional searches and services? CreditorWatch’s integration with the award-winning InfoTrack search portal gives our customers access to several additional searches and services. InfoTrack is the leading legal…
Mar 14, 2022
The Foreign Investment Review Board (FIRB) has been criticised in several quarters for helping to trigger last month’s collapse of Probuild through its refusal to approve a $300 million takeover…
Mar 10, 2022 SYDNEY, Wednesday 9 March – The February 2022 CreditorWatch Business Risk Index (BRI) reveals that the Australian economy is still in a holding pattern as it emerges from the impacts…
Mar 08, 2022
Construction giant, Probuild, recently entered voluntary administration, leaving more than 750 jobs at risk and around 2,300 creditors chasing payment. This has created a massive shockwave throughout the building and…
Mar 07, 2022
A Financial Risk Assessment provides a comprehensive look into the financial viability of your customers, suppliers and contractors. By assessing the reputation and financial stability of entities you work with, you can choose the right trading…
Feb 24, 2022 
CreditorWatch RiskScore helps businesses manage the impacts of the pandemic The flow-on impacts from the spread of the Omicron variant have brought many small businesses to their knees. Supply chain disruptions, skills shortages and rising costs hit SMEs when…
Feb 20, 2022 
How is your business managing its finances? If you’re still using folders and spreadsheets, it’s time to revamp your approach. An accounting software package streamlines all your accounting processes, making it easier to stay on top…
Feb 15, 2022 
Omicron heavily drags on trade receivables and prolongs recovery The latest CreditorWatch Business Risk Index captures circumstances for January 2022, a month when Omicron bit the economy hard and smashed…
Feb 08, 2022
SYDNEY, Wednesday 9 February – The January 2022 CreditorWatch Business Risk Index (BRI) has revealed that the Australian economy has some way to go before it shakes off the impacts…
Feb 08, 2022
As the Omicron variant sweeps across Australia, the initial relief that came with opening up after the lockdowns has quickly dissipated. With supply chain disruptions and labour shortages severely restricting…
Jan 31, 2022
For anyone working in financial services, more predictive algorithm credit-risk models mean more informed decision making and therefore fewer losses. So how can data specialists working in fintech enhance the predictability of their models? James O’Donnell, Managing…
Jan 24, 2022
The latest CreditorWatch Business Risk Index captures circumstances for December 2021, a month when economic promises began break. The CreditorWatch Business Risk Index (BRI) provides unique insights into the health…
Jan 19, 2022 SYDNEY, Thursday 20 January – Santa went missing! The December 2022 CreditorWatch Business Risk Index (BRI) has revealed that Australia’s trading activity was at its lowest point since the pandemic…
Jan 19, 2022
Missing information. Overwhelming amounts of paperwork. Hours of manual labour. Costly file management. Traditional credit checks and their shortcomings are giving way to a new era of efficient, rapid and…
Jan 16, 2022 
Right now, there’s a lot going on for the business community to deal with. The pandemic and climate change have impacted us all in different ways with multiple flow-on effects. Some have endured far…
Jan 10, 2022
As Australia comes out of COVID pandemic and lockdown restrictions are reduced, uncertainty around trading activity remains. During the holiday period it is vital to stay on top of your customer data. Companies…
Dec 28, 2021
How do you deliver the index? In this four-part series, CreditorWatch Software Architect Developer, Juanjo Lainez Reche, takes you through the decision-making and development of the Business Risk Index - one of…
Dec 22, 2021
Commenting on today’s Mid-Year Economic and Fiscal Outlook (MYEFO) 2021-22, CreditorWatch Chief Economist, Harley Dale, says: The Mid-year Economic and Financial Outlook (MYEFO) presents a predictably optimistic update for the…
Dec 16, 2021
Building the model In this four-part series, CreditorWatch Software Architect Developer, Juanjo Lainez Reche, takes you through the development of the Business Risk Index - one of the most complex and ambitious…
Dec 15, 2021 
As lockdown restrictions are eased in key states, Australia faces the prospect of a strong economic bounce-back in the December 2021 and March 2022 quarters. There is no shortage of challenges ahead, but we don’t lack…
Dec 13, 2021 SYDNEY, Wednesday 8 December – The November 2021 CreditorWatch Business Risk Index (BRI) has revealed that business activity around Australia is currently weaker than expected, indicating that the return to…
Dec 07, 2021 The latest CreditorWatch Business Risk Index covers November, the first month since May where Australia has been relatively lockdown free. The CreditorWatch Business Risk Index (BRI) provides unique insights into…
Dec 07, 2021
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…
Dec 07, 2021 How data can help you make better decisions and reduce credit risk In the digital age, data has become a key driver of growth, with insights guiding businesses to success. The financial services sector is…
Dec 03, 2021
What risks do Australian business leaders face as east coast lockdowns ease? Sam MacPherson, Head of Treasury at Earlytrade, uses proprietary data from Australia's largest working capital marketplace to support…
Nov 29, 2021
By Luke Matthews, Senior Business Development Manager – Queensland, CreditorWatch Credit applications are a critical part of onboarding new customers. Put simply, a credit application is an essential contract that allows…
Nov 24, 2021
By Prue Greenfield, Principal Lawyer, Macpherson Kelley These documents are useful for supplementing credit agreements but it is crucial that they are set up properly. A personal guarantee is a promise made by a guarantor that…
Nov 22, 2021
By Angela McDonald, Founder & Managing Director of Optimum Recoveries If there was ever a time to start your own small or nano business, it’s now. Australian Bureau of Statistics’ figures show…
Nov 17, 2021
SYDNEY, Wednesday 10 November – The October 2021 CreditorWatch Business Risk Index (BRI) has revealed a tale of two regions for the Victorian economy. Three of the top five regions…
Nov 09, 2021 Regional Victoria leads the country with the best performing businesses according the October CreditorWatch Business Risk Index (BRI). The results revealed that the state now boasts three of the top…
Nov 09, 2021
New challenges as businesses resume trading Restrictions are easing across states and businesses are reopening across Australia. As trading resumes under new and evolving conditions, most small and large business owners are eager…
Nov 08, 2021
Macpherson Kelley has published details about the Victorian Government’s announcement for mandatory vaccination for all workers on the authorised worker list. The formal COVID-19 Mandatory Vaccination (Workers) Directions were published by the government on 7 October…
Nov 02, 2021
Last week CreditorWatch launched a highly valuable, Australian-first economic indicator—the Business Risk Index. Each month the index reveals which regions in Australia are at the highest and lowest risk of insolvency in the future -…
Oct 17, 2021
Sydney, 13 October 2021 – Leading digital commercial credit reporting bureau CreditorWatch is today releasing the results of its inaugural monthly Business Risk Index, a groundbreaking predictive economic indicator to help…
Oct 12, 2021
CreditorWatch’s credit reports contain unique data and insights to help business of all sizes better manager their credit risk and credit score. To help you leverage all the information in our reports, here…
Oct 01, 2021
SYDNEY, 24 September 2021 – Australian digital credit reporting bureau, CreditorWatch, has today announced the appointment of Fiona Crawford, a two-time medal-winning Olympian and HR Director of the Year finalist,…
Sep 24, 2021
Lockdowns slam the brakes on business activity After showing signs of resilience in July, the full impact of continuous lockdowns has taken its toll on Australian business activity, with dire outlooks for many businesses specifically in Sydney and Melbourne.…
Sep 14, 2021
Meet Nebras Sawalha, Head of Digital Product Growth LinkedIn Page: https://www.linkedin.com/in/nebras-sawalha-5571a131/ 1.What is your role/position at CreditorWatch? Head of Digital Product Growth. 2.What is the main purpose and aims of…
Sep 13, 2021