#Credit Management
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 & […]
Time it takes to pay invoices widening
The results of the Credit and Debt Survey are in. Run by Dynamic Business in tandem with CreditorWatch, the survey found two thirds of businesses have seen a rise in the time it takes them to be paid over the last year.
The 3 Cs of effective credit risk management
When you go into business, you’re also taking on a certain level of risk – and none more so than when you extend credit to new customers. In an uncertain economic climate, small business owners are acutely aware that each day they are waiting for their invoices to get paid is another day money isn’t coming through the door.
Diligence key to avoiding bad debt
A jump in the number of businesses entering external administration should serve as a warning to SMBs to do research before taking on new customers, says a leading credit management expert.
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.
The five C’s of credit every SMB needs to adopt
Risk management and good credit management are key to keeping a business healthy. Before signing up new creditors, every business should follow the five C’s of credit checklist.
Are you prepared for the new Personal Property Securities Register?
The Personal Property Securities Regsiter (PPSR) comes into being today, promising to bring major change to existing business practices. Here’s what you need to do to be ready to take advantage of the new PPR Register.