CreditorWatch in Sydney, Australia | Internet company

CreditorWatch

Locality: Sydney, Australia

Phone: +61 1300 501 312

Address: GPO Box 276 2001 Sydney, NSW, Australia

Website: http://creditorwatch.com.au/

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25.01.2022 "Australian businesses are in the eye of a storm, somewhat sheltered under the governments stimulus package measures, which are preventing them from going under. " CEO Patrick Coghlan shares an honest account of the Australian economy in Marketing Magazine. #australianeconomy #marketingandadvertising #businessadvice

25.01.2022 There is no crystal ball in credit, and we all know how useful one would have been at the start of 2020. Gordon Porter, our Major Accounts Director, discusses the next best thing - small business trade payment data - in his new blog > http://ow.ly/bBxQ50ByFwx. Find out what insights CreditorWatch offers that your business can use to protect from credit risk.

25.01.2022 Friday inspiration from CreditorWatch and our GM Marketing and Communications Mitchy Koper: Be bold and take whisks - inside and outside the kitchen. We love our Thursday afternoon virtual social sessions - this time around, Mitchy and Jewels gave the team a live scone cooking class

25.01.2022 Did you catch the #2020budget last night? CreditorWatch Economist Harley Dale shares his expertise and thoughts about the announcement and the "insolvency iceberg" to come with The New Daily. #budget #economy #insolvency

24.01.2022 This morning, The Australian Financial Review has published CreditorWatch data to highlight the impact the insolvent trading moratorium is having on insolvency firms themselves. ARITA CEO John Winter comments: "Insolvency market is extremely quiet. Too quiet. A lot of businesses that should have gone broke even without COVID are still zombie-ing along and racking up bigger debt with their creditors. Its going to create a snowball later."... Read the full article here > https://lnkd.in/gWk3XsG

23.01.2022 Welcome to CreditorWatch, Harley Dale! Harley is one of Australias most experienced financial commentators and is joining the team at a pivotal time for the Australian economy. Read more in the Australian Financial Review.

23.01.2022 We know its only a matter of time before this industry will see an influx of administration, thats the big danger. Patrick Coghlan raises concerns for the struggling hospitality industry when #JobKeeper is reduced. Read his thoughts in The Australian > http://ow.ly/aEkd50AJDYh

23.01.2022 Government measures during COVID-19 mean creditors need to get clever. Trade payment data is an untapped resource that reveals the distressed businesses you need to avoid. Our Enterprise Accounts Director Neill Borg offers his expertise > http://ow.ly/afsX50BfhST

22.01.2022 Were celebrating our 10th birthday this month! While COVID has put a dampener on the celebrations for now, were reflecting on the good times and the ones yet to come. We asked our longest-standing employees Mandy Mill and CEO Patrick Coghlan their favourite memories of the last 10 years, and two of our newest employees, Mitchy Koper and Marisa Seeto, what theyre looking forward to for the next 10.

22.01.2022 Its never too early or too late to upskill and work on your professional development. Learn more about the issues affecting credit professionals such as automation, the PPSR and resilience in a recession in our new downloadable resources > http://ow.ly/rJQF50B23ql #businesstips #credit #freedownload

21.01.2022 We've been loving the interest in our new credit risk solution - RiskScore. Follow the link below to get the answers to some of the most common questions about our credit score and rating product. If your question hasn't been answered - get in touch! We'd love to hear from you.

20.01.2022 CreditorWatch data shows 94% of businesses think they can survive the rest of the year without further government support. But, economic experts warn business owners arent looking at the "big picture".

20.01.2022 Did you catch Patrick Coghlan on 9 News Melbourne last night? Catch what he had to say about zombie businesses in Chris Kohlers special report > https://twitter.com/i/status/1303607292999479296

20.01.2022 CEO Patrick Coghlan joins AB&F publication to pinpoint what the industry should know about the Australian credit landscape but does not. Read the full article here> https://www.rfigroup.com//what-lies-behind-bank-headline-r #smallbusinessaustralia #jobkeeper

20.01.2022 We're excited to welcome Ginette Muller Safe Harbour Expert back to the CreditorWatch webinar arena next week. Join Ginette and Patrick Coghlan to discuss COVID Safe Harbour and what happens on December 31 > https://lnkd.in/gQ3mune #safeharbour #insolvency #creditors #directors

19.01.2022 CEO Patrick Coghlan is always on the hunt for good news stories to share out of the pandemic. Read about the companies on the rise and the improvement in payment times in his latest column in the AB+F > http://ow.ly/rRiT50BDWQj

19.01.2022 Jirsch Sutherland reveals their 12 warning signs a business is heading toward insolvency in nestegg. Learn what to look out for on the road to administration - before it's too late > https://www.nestegg.com.au//12-signs-a-business-is-heading

19.01.2022 Since April, between 300-400 businesses are escaping #insolvency each month due to the governments temporary changes to #safeharbour legislation. However, you can still spot signs of business failure before it happens. Revisit one of our highest-performing webinars led by Patrick Coghlan and CreditSource CEO Shavantha Mallawa to find out how > https://bit.ly/2WXAQXb #financialdata #financialanalyst

19.01.2022 If 2020 taught us two things, it’s that ‘pivoting’ became the new planking, and technology is absolutely essential for dynamic workplaces. Our Senior BDM Grace Kulbe writes about three ways you can incorporate credit risk technology into your business and how easy it is to reap the rewards > http://ow.ly/Nbj150Dnwbl #creditrisk #technology #innovation

17.01.2022 Our dashing Melbourne team - pre lockdown. Were looking forward to all getting back together soon! From everyone at CreditorWatch, please stay safe.

16.01.2022 Back by popular demand, CEO of CreditSource Shavantha Mallawa joins Patrick Coghlan for a webinar you wont want to miss. Learn how to spot the hidden truths of COVID-19 in your customers financials. Well go through the financials of high-profile businesses and show you how you can do the same to protect your company from risk. Save your spot now > http://ow.ly/k3sl50Bgq84

16.01.2022 Were so excited to reveal our latest playbook - The Economic Road Ahead: CreditorWatch Perceptions and Insights. Its brimming with unique data, infographics and articles on how to navigate COVID-19 and the new financial year. Download your copy now: https://creditorwatch.com.au//the-economic-road-ahead-2020/... #australianeconomy #insolvency #ebooks #freedownload

15.01.2022 You might think finding your high-risk debtors is too time-consuming. But with CreditorWatch, they have nowhere to hide. All the important information about your debtors is displayed in our credit reports. They show the most up-to-date data from over 50 sources, so youre always one step ahead > http://ow.ly/2F5D50BrUnB #creditreports #debtors #businessinsights

15.01.2022 CEO Patrick Coghlan joined the ausbiz team once again to discuss exactly why the government cant keep throwing good money at bad businesses. Watch his interview below.

15.01.2022 For the seventh month in a row, the Reserve Bank of Australia announces interest rates will remain at 0.25% > http://ow.ly/sOnO50BKsS2 CreditorWatch's Chief Economist Harley Dale comments: The board of the Reserve Bank of Australia (RBA) today determined to keep the Official Cash Rate (OCR) steady at the unprecedented low of 0.25 per cent. This is an appropriate decision given that the RBA already has measures in place to support Australian businesses. The appropriate focus ...today is on fiscal policy, with the Federal Budget being brought down this evening. RBA Governor Phillip Lowe has repeatedly called on state and territory governments to step up to the plate in terms of spending and investment, to assist in generating the economic recovery Australia requires. In due course, the RBA will likely reduce the OCR to 0.10 per cent, but today wasn’t the day. Tonight, it is the turn of the Federal Government to set out a clear agenda for recovery in what is the most important fiscal update in close to a century. #interestrates #ausecon

15.01.2022 Breaking: The Reserve Bank of Australia - RBA announces interest rates are on hold and the Term Funding Facility has been increased and extended > http://ow.ly/pbM050BehiI CEO Patrick Coghlan comments: The expected hold on interest rates today is another sensible measure to ensure that cash stays in the economy as much as possible. This follows last months extension of the JobKeeper and JobSeeker schemes that demonstrate the extent to which the government is having to step ...in and support the economy. However, our concern is that government support, in whatever form, will have to come to an end eventually and when it does, there will be a seismic shock as companies have to fend for themselves or admit defeat. With ten percent of all businesses in Australia in danger of failing because of lack of cash, we could potentially end up seeing ten years worth of administration in the next six months. Therefore, I urge business owners to seriously ask themselves if their companies are going to be viable and if theyre unsure, they should seek advice sooner rather than later. Finance experts, restructuring specialists or bankers - theyre here to help.

14.01.2022 Need inspiration from the leaders of today? Join our webinar tomorrow for business insights and lessons from four young experts in their field. This talented group will be interviewed by Safe Harbour specialist Ginette Muller to find out their tips for success and how theyre making an impact in their industry.... Save your seat now > http://ow.ly/ytzw50Bpvon

13.01.2022 There has been plenty of discussion surrounding the latest changes to Australia's #insolvency laws, announced yesterday. Chief Economist Harley Dale shared his thoughts on 7NEWS Australia last night, as well in the ABC Australia article below.

13.01.2022 In response to today's bankruptcy law changes, CreditorWatch's Chief Economist Harley Dale responds: "It is crucial that the Government continues to provide support to businesses and households in a year of unprecedented economic challenge. However, whilst the decision to apply US-style Chapter 11 bankruptcy laws that will allow small businesses to trade their way out of insolvency is well-intentioned, it will do little to generate jobs and growth down the track." "CreditorWa...tch data has shown that new company registrations across Australia have increased by 10% in the July-August 2020 period. These companies will fail if they take on customers that are never going to survive without government support. The focus should therefore be on those small businesses who have a viable capability of emerging from the COVID environment with their balance sheets intact and an ability to successfully trade without government support." "There’s a lot of uncertainty for creditors. Ultimately, if it helps businesses survive or at least flattens the inevitable insolvency curve, it’s a good thing. The government should be commended for working on such big policy changes in short pressure-filled time." Read more: http://ow.ly/S3Hp50BzGkx

13.01.2022 The CreditorWatch Business Risk Review is out Find out which Australian industries recorded a decrease in payment times last month and read Chief Economist Harley Dale's assessment of the economy > http://ow.ly/Y7G650Ch6In #businessriskreview #paymenttimes #economy

12.01.2022 Breaking: RBA Announces Rates Are On Hold > http://ow.ly/dOIn50APVFn CreditorWatch CEO Patrick Coghlan comments: "Last months mini-budget announcement has shown the extent that our economy has been devastated by the pandemic. With 870,000 jobs lost between March and May, the Treasurer was right in outlining that our nation has a mountain to climb. Encouragingly, CreditorWatch data shows that businesses are cautiously optimistic - credit enquiries, a live indicator of busin...ess activity, have increased for two consecutive weeks and are currently sitting at pre-COVID levels. By maintaining interest rates today, this is sympathetic to the balancing act our economy faces. However, there is concern that by extending the likes of the governments business stimulus packages, we are simply kicking the can down the road. We could potentially end up seeing ten years worth of administration in the next six months. Therefore, I urge business owners to seriously ask themselves if their companies are going to be viable and if theyre unsure, they should seek advice sooner rather than later. Finance experts, restructuring specialists or bankers - theyre here to help.

12.01.2022 Its normal to feel overwhelmed and helpless during COVID-19, but there is one thing you can do to get ahead. Join PPSR expert Paul Mead and special guest Terry Ledlin to discover the benefits of becoming a secured creditor. Its essential for any business that leases out goods on credit terms. Save up your burning questions about the PPSR too - there will be a live Q&A at the end. Register now > http://ow.ly/lpRD50AR0WD

12.01.2022 At the start of the month, our customers began receiving real-time notices of businesses taking advantage of the temporary restructuring relief laws. CEO Patrick Coghlan spoke to Smart Company about the new insolvency laws. "They should be very concerned, he says of companies that see their debtors register for temporary restructuring relief.... It certainly a high-risk indictor of coming delinquency. Read the full article > http://ow.ly/eUyx50Df9Hf #insolvency #smallbusiness

12.01.2022 Alan Kohler spoke with @CreditorWatch CEO Patrick Coghlan about why average payment delays figures have tripled in the past year and the wave of corporate insolvencies coming our way. Listen to the #podcast on the Eureka Report now > http://ow.ly/uJuV50ALMZO

11.01.2022 Did you know? The zombie protection you've been waiting for has existed since 2012! We're proud to team up with Ledlin Lawyers to release our latest white paper on the Personal Property Securities Register (PPSR).... The PPSR is vital for Australian businesses to protect themselves from the "tsunami of insolvent firms" expected to occur in early 2021. Download the paper to learn more > http://ow.ly/PyfP50Byymh #economy #businessinsights #insolvencies

11.01.2022 CreditorWatch Senior Consultant and all-round legend Michelle Carruthers is an expert in the art of building effective business relationships. Want to know how she does it? Read our interview with our Melbourne superstar and two of her clients > http://ow.ly/A3d150Cjh1H

10.01.2022 The Sydney office brought the bar scene to the office last night Natasha looks very concerned at Matts cocktail making skills, but by all accounts, they were delicious.

09.01.2022 CEO Patrick Coghlan spoke to Jenny Wiggins from The Australian Financial Review about CreditorWatch's trade payment data and his thoughts on how big businesses can start paying suppliers faster. #AFR #tradepayment #creditors

09.01.2022 Before coronavirus hit, CreditorWatch donated sanitary products for the March Dignity Drive - an initiative by Share the Dignity who work to end period poverty in Australia. Over 43,000 sanitary items were donated during Marchs Dignity Drive! Laura, our lovely Operations Manager, popped into the Sydney office this week to collect our donations and fill up the Share the Dignity box at Woolworths. You too can head to your local Woolies to donate or learn more about how Share... the Dignity helps Australians doing it tough > http://ow.ly/iMiV50B24ps. #sharethedignity #bekind

09.01.2022 Never underestimate the value of trust and loyalty in business relationships CEO Patrick Coghlan chats to Insurance Business Australia on how brokers can help businesses overcome tough times. #businessrelationships #businesstips #smallbusiness

08.01.2022 Augusts Small Business Risk Review is out: External administrations Payment defaults Payment times... Credit enquiries Download the data and get insights from CreditorWatch Chief Economist Harley Dale > https://creditorwatch.com.au/blog/sbrr-august-2020/ #SBRR #creditors #australianeconomy

08.01.2022 We work, shop and stay at home, now more than ever The Australian commercial real estate industry are under immense pressure to reinvent themselves as a result. CreditorWatch can help. These are our top three strategies for success > http://ow.ly/HlUI50AXbcs... #COVID19 #commercialrealestate #creditrisk #WFH

08.01.2022 Breaking: CreditorWatchs July Small Business Risk Review is out. 13% drop in payment defaults 11.6% drop in external administrations 5% rise in credit enquiries... Download the full report and data now > https://creditorwatch.com.au/blog/sbrr-july-2020/ #smallbusiness #creditrisk #ausecon

07.01.2022 Our Economist Harley Dale responds to the latest Reserve Bank of Australia announcement - the monthly measure of credit aggregates showing a gain of 0.3% in December last year and annual growth of 1.8% > https://lnkd.in/g_jTSgc "This is a sombre profile of the growth in credit by historical standards, but there is evidence of improvement. It is very encouraging that business credit grew by 0.2% in December, although the annual growth rate is only 1.0%. This is the first-time ...business credit growth has risen in 7 months and is consistent with the improvement in the CreditorWatch Business Risk Review results for December. Clear signs of sustained improvement in the number of external administrations and overdue payment times would provide evidence of an emerging recovery in business conditions and business investment. Any such positive news would be complemented by a sustained recovery in business credit growth."

07.01.2022 Look ahead to 2021 with unique data and survey analysis in our free webinar, led by Patrick Coghlan > https://bit.ly/2P3h2NH Join over 350 others (and counting!) and find out: * The slowest paying industries in July * How reliant businesses really are on JobKeeper... * What businesses have learnt during the pandemic #webinar #businessinsights #creditmanagement

06.01.2022 Credit enquiries have risen for the fourth consecutive month this year, meaning businesses are partnering with suppliers at pre COVID levels. In our latest post, CreditorWatch General Manager Matt Jackson shares his top 4 tips for better managing your new customers. Matt has more than 12 years experience in the industry and has a wealth of knowledge to share. Read his tips here > http://ow.ly/5zNa50Bwbq1

05.01.2022 Need more confidence to deal with new clients? Company financials are a valuable source of information for creditors, especially during COVID-19. Find out more in our joint white paper, released in conjunction with CreditSource CEO Shavantha Mallawa > http://ow.ly/CcID50BPAND #financialanalysis #COVID19 #businessinsights #finance

05.01.2022 As CreditorWatchs National Sales Manager, Danny has accomplished some pretty big things...just like holding the first Viennese ball in the Southern Hemisphere Discover the man behind the music in our latest Meet the Crew.

05.01.2022 Temporary safe harbour legislation has been extended to December 31. CEO Patrick Coghlan joined ausbiz to discuss the ramifications for creditors > https://www.ausbiz.com.au/media/going-bust?videoId=3974 #safeharbour #australianeconomy #COVID19 #creditors

04.01.2022 As reported by news.com.au (http://ow.ly/c9Iy50Be3e6), CreditorWatch has teamed up with the AICM and ARITA to call upon the government to end temporary insolvency measures in September. If extended, the safe harbour moratorium will create a distorted economy that will threaten the livelihood of Australian creditors. Read our full report > http://ow.ly/CQJG50Be3e5

04.01.2022 Did you catch this great article by the Chanticleer at the Australian Financial Review? It features CreditorWatch data to discuss the risks posed by the extension of temporary insolvency laws > https://www.afr.com//risks-in-turning-fiscal-cliff-into-se? #insolvency #economy #creditors

04.01.2022 As expected, the Reserve Bank of Australia has announced the cash rate is on hold at 0.1%, and will not increase until "actual inflation is sustainably within the 2-3% target range". Read the full media release > https://www.rba.gov.au/media-releases/2021/mr-21-01.html In response to the announcement, our Chief Economist Harley Dale says:... "In terms of all the policies that the RBA has in place, the Central Bank will be closely keeping an eye on early 2021 economic updates for key sectors such as retail. In his National Press Club address yesterday, the Prime Minister reinforced and outlined a raft of policies, including tax cuts for Small and Medium-sized Enterprises (SMEs). Such policies are in play against a backdrop of metrics such as Australia’s unemployment rate being in much better shape than many feared through much of last year. The SME sector is a key barometer of Australia’s economic recovery in 2021. CreditorWatch data from a range of industries will continue to provide crucial updates as to how the business and economic landscape for SMEs is faring in the lead-up to and necessary conclusion of the #JobKeeper program.

04.01.2022 We're excited and proud to announce CEO Patrick Coghlan is a finalist in the 'Emerging Fintech Leader of the Year' category at the 2020 FinTech Australia Finnies Awards! Congrats Pat and all the other finalists. We're looking forward to the virtual ceremony on October 28 > http://ow.ly/uthM50BETnK

03.01.2022 More surprising news out of the pandemic: Australians have never been more financially comfortable. Do you agree? Read what CreditorWatch CEO Patrick Coghlan has to say in Australian Broker. #jobkeeper #australiangovernment #australianeconomy

03.01.2022 444 people joined our webinar yesterday to learn how to make the credit application process faster and simpler. Get the answers to our most FAQs about online credit applications in this article, including electronic signatures, verification and more.

02.01.2022 Its visuals like this that really sums up the plight of the economy. The Sydney Morning Herald showcased CreditorWatch data this morning to demonstrate the drop in insolvencies over the last 16 months. Read the full story here > http://ow.ly/Pyqn50BhDPn

02.01.2022 Weve teamed up with Thesolvers.com.au and Insolve to create their latest pandemic playbook. Take a deep dive into the issues and topics relevant to all businesses who want to reduce risk and prosper during COVID-19. Thank you to James Flaherty and his team for the opportunity to contribute to this cheat sheet. ... Download your copy > https://thesolvers.com.au/the-pandemic-business-playbook-2/ #COVID19 #businesstips #ebook #insolvency

02.01.2022 From wearing two odd socks to providing data you cant find anywhere else, CreditorWatch was built to be different. Find out more about what makes us unique on our blog > http://ow.ly/Wa2250AZbUA #creditreports #USPs #unique #data

02.01.2022 Confused about who to collect payment from first? Are your debtors paying other businesses before you? Join CreditorWatch duo Lucinda Judd and Thomas Arcadi in tomorrow's #webinar to get ahead of slow-paying and risky debtors. Save your seat now > http://ow.ly/QOQH50Df9VS

02.01.2022 CEO Patrick Coghlan discusses the recent changes to JobKeeper in Kochies Business Builders, alongside Small Business Ombudsman Kate Carnell and The Treasurer.