#Colin Porter
InfoTrack enters credit bureau game with acquisition of fintech startup CreditorWatch
Rapid-growth SME credit bureau CreditorWatch has been acquired by InfoTrack, a leading provider of intelligent search and automated workflow solutions for business professionals. Founded by managing director Colin Porter in 2011, CreditorWatch has, in the ensuing six years, been able to challenge the duopoly held by incumbent credit bureaus Veda (now Equifax) and Dun & […]
Long-time customers can become bad debtors if credit checks are neglected, businesses warned
Nearly one in two Australian businesses are leaving themselves vulnerable to bad debt by not performing credit checks on their existing customers, new research shows. In a survey conducted by Australian credit bureau CreditorWatch, business owners, accountants and credit professionals from small to large-scale businesses were asked questions in relation to their credit management responsibilities. […]
CreditorWatch’s founder on reaching 50,000 customers and lobbying for data transparency
CreditorWatch recorded a 42% increase in its customer base over two years on the way to reaching a major growth milestone, this month: 50,000 customers. Founder and managing director Colin Porter spoke to Dynamic Business about the genesis, success and future of the credit reporting bureau, which launched six years ago. DB: What was your […]
Late payments impacting 3 in 4 small businesses
New research by MYOB highlighting the financial and emotional toll late customer payments are having on SME owners has prompted the cloud accounting provider to renew calls for federal government and big business to implement a solution. The company’s latest SME Snapshot, revealed 77% of business owners had been impacted by late payments. Notably, 35% […]
Improve your cashflow cycle by retraining your debtors
If you’ve effectively taught a client that they have 60 to 90 days in which to pay you, it is then very difficult to get them to start paying on time. To avoid this, make sure you and your client both agree to the credit terms when you set a new account up. This may […]
Keeping a tight leash will discipline debtors
While it’s a vital part of good cashflow management, chasing late payments is not something that most business owners enjoy. What can you do to get your clients to pay on time? And what can you do when you’re stuck with a customer who won’t settle their debt? Prevention is cure The first way to […]
Three rules to find the right customers for your business
When you start a business, it isn’t just about what you do well that ensures your path to success, but your customers. Don’t fall into the trap of accepting any client because you’re desperate for business: if you are careful and patient at the beginning, it will pay dividends for your business and your reputation […]
Business emails: Legal matters (Part 2)
Legal ramifications associated with emailed correspondence are often overlooked, but the growing instances in which emails are used to drive legal disputes suggest we should be paying more attention.
Personal Property Security: It’s in the Ts & Cs
The potential benefits with the PPSA are indeed obvious, but, as with anything relating to assets and property, the devil can be in the details.
Jetpack invention a lesson in courage
Most people are not smart enough to invent a jet pack. I’m talking about a personal jet pack that actually flies.
Business insolvencies hit new high, expert says monitoring is key to survival
Local small business insolvencies hit a record high in February, with the number of companies entering external administration reaching their highest level since 1999.
Avoid business icebergs: Do your due diligence
What you see on the surface is not always what you get, especially when it comes to other businesses. Here’s why doing your due diligence is an important step in a business relationship.
Three credit management best practices to help protect cashflow
A great deal of the literature around credit focuses on helping struggling debtors, so as businesses and creditors we often forget that giving credit where it isn’t due is an early part of the problem. Here’s three credit management best practices every business can follow to protect cashflow.
Free small business event featuring Shoes of Prey’s Jodie Fox
If you’re a small business owner with ambitions for growth but struggling with the usual day-to-day challenges while wearing 20 different hats, the free event Keeping your Business in Business is for you!
Experts warn SMEs to keep on top of accounts as Christmas looms
Business defaults hit their second highest rate in September for eight years, leading experts to warn SMEs to be on top of their accounts receivable as Christmas approaches and cashflow worsens.
The startup helping SMEs get paid
Sick of dealing with bad debt, Colin Porter launched a credit reporting service for small businesses. He tells Dynamic Business about dealing with debtors, bureaucrats and finding your space in the market.
In the September issue of Dynamic Business
The September issue of the magazine is out now, and it’s packed full of news, information and tips for small business. Check out what’s inside…
What to do when customers won’t pay
How to avoid dealing with businesses who don’t pay, and what you can do when they refuse.
SMBs battle rising bad debt claims
Business confidence is being further battered thanks to a 40 percent rise in business-to-business bad debt claims and increasing payment terms, leading experts to urge SMBs to better manage their cashflow.