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Does a client have a past adverse credit history?
Having this information can possibly reduce your risk to the word that strikes fear into every credit manager….Insolvency!
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Do they have a poor payment track record?
We all want to know this! Knowing this piece of information could determine whether you offer credit or not.
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How do our customers pay other suppliers?
The phrase, ‘Safety in numbers’ comes to mind here. Seeing payment patterns to multiple suppliers can bring a new perspective about a debtor.
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Is the business safe or difficult to deal with?
Getting background information garnered from a variety of authoritative sources viewed in one location answers that question succinctly.
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If we deal with a company will we get paid?
History is great for giving insights, especially payment history! Seeing a client’s payment history can yield interesting insights about the likelihood of being paid.
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Increasing Costs and Delays
At our recent seminar, it came to light about the stress the Building Industry is currently experiencing. The blowouts in costs and completion dates are significantly impacting new builds for the builder and homeowner.
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Insolvencies – When Will the Dam Burst?
Since July of last year, we have witnessed a period of rapid growth in domestic construction activity in Australia. This rapid growth has caused significant supply and demand issues within the Australian building & construction economy.
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BICB/Alares “Insolvency Risk Factor”
Patrick Schweizer, Alares Systems Pty Ltd and Wayne Clark, BICB, will provide an overview and practical demonstration of the new Insolvency Risk Factors Predictive Tool feature of the Court Search and Monitoring tool, which will be available to all members through the BICB online system.
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Preparing for the Predicted Wave to Come
Since March 2020, we have witnessed a significant period of change in all aspects of life, but more particularly, we have seen unprecedented legislative changes and Government support to curb the impact of COVID-19 on businesses.
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Livestream Seminar October 27 Regarding Predicted Wave of Insolvencies.
BICB will be hosting a free livestream seminar in 3 easy to digest sessions on October 27 regarding predicted wave of insolvencies.
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Debts Hammer Construction Sector
A rapid swing in momentum in the WA construction market has toppled businesses, and there are signs more could follow.
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Credit Management Solutions for Suppliers to Building & Construction Industry
